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ulti-Family Housinq Demand Forecasts The forecast of mui}i-family housing demand for Roseville is based on an analysis of the existing housing supply, recent trends in multi -family housing construction discussed above and forecasts of household growth in suburban Ramsey County. In addition, developers active in the Roseville area were interviewpH to gain their perceptions of the housing market. The number of households in suburban Ramsey County has been forecast to increase from 64,200 in 1980 to 79,400 in 1990 and 85,900 in the year MO. This would indicate the addition of 15,200 households between 1980 and 1990 and 6,500 households between 1y90 and 2000. A corresponding increase in the number of housing units in the suburban Ramsey County will be needed to accommodate Ws growth. Assuming that the proportion of multi -family units averages 40 percent of new construction, a total of 6,080 new multi -family units will be needed between 1980 and 1990 and 2,600 between 1990 and 2000. If thr. Metropolitan Council's forecasts of 1990-2000 growth are understated, the need for multi -family units forecast for t''at period could be substan- tially higher. Roseville is in an excellent location to capture a large share of future new multi -family housing demand in Ramsey County. Roseville is an attractive, viable corunity situated adjacent to both central cities and within easy commuting distance of both downtown Minneapolis and downtown St. Paul. Interviews with 4witt-4'amily housing developers and others active in the Roseville area indicate a confidence that Roseville could significantly Increase its share of future multi -family construction. The largest de nd for ePjlti=family housing units in Roseville is from young adult singles and couples. This is followed closely by the older age segment- -Sa and older -which is %.omposed of both singles and couples, primarily childless. There is also a substantial market for units for families with children. The demand for -ental units comprises about 80 percent to 90 percent of the market and saltA units 10 percent to 20 percent. Townhouses are the most popular types of salos units and are particular',/ attractive to families with children. Considering all of the factors discussed in this report, 1, has been estimated that the demand for multi -family Mousing units will average about 150 units per year through the year 2000. The ability of the housing industry to satisfy this demand will most likely be affected by economic factors. Changes in the tax lags could have significant effects on the attractiveness of rental housing development and ownership for investment. Nowover, an optimistic viewpoint should b� adopted and appropriate parcels of land should be desig- nated for this use, 43