Transcript Greater Lafayette Demographic

Stuart Henry
Principle
Aqua Global Consultants LLC
Indiana, USA
Plumbing Supply Forum
Sydney, Australia
Tuesday, 29 May 2012
Population
Lafayette
67,140
West Lafayette
29,596
Tippecanoe County
172,780
Tippecanoe labor force
81,595
(Amounts represent number of employees)
Wabash National
4,300
Subaru of Indiana
3,550
Caterpillar Large Engine Centre
1,800
Fairfield Manufacturing
1,200
West Lafayette Campus
• 39,637 students
• Including 7,934 international students
• 15, 376 staff and lecturers
• Spends approximately US $420 million pa on R&D
• 2010 – 2011 received 98 global patents
• Economic impact on Indiana – US $42 billion
annually
12 States
Illinois
Michigan
North Dakota
Iowa
Minnesota
Ohio
Indiana
Missouri
South Dakota
Kansas
Nebraska
Wisconsin
Total population 66,927,001
Main Contributing Sectors
• Manufacturing
• Food Processing
• Agriculture
• Logistics
• Industrial and Agricultural Biotech
• 25% of the US economy
• 25% of the population
• Home to 25% of Fortune 500
companies
• The world’s 5th largest economy
(July 2011 est.)
Australia
USA
21,766,711
313,232,044
1.148%
0.963%
Birth rate
12.33/1000
13.83/1000
Net Migration rate
6.03/1000
4.18/1000
Population
Growth Rate
• USA
2010:
US $41,673.00 pa
2.36% higher than 2009
• Australia
2010/2011:
AUD $66,690.00
4.2% higher than 2009/2010
Product
America
Metric
Australia
Imperial
Chicken, whole
organic
$1.09/lb
$1.99/lb
$2.27/kg
4.39/kg
$8.28/kg
$3.76/lb
T-Bone steak
$11.99/lb
$26.43/kg
T-bone: $19.90/kg
$9.03/lb
Sirloin steak
$11.99/lb
$26.43/kg
Bananas
$0.56/lb
$1.23/kg
$3.89/kg
$1.76/lb
Cereal
Kellogg’s cornflakes:
$3.44/510gm
1.48c per gram
Kellogg’s cornflakes:
$5.44/725gm/1.33c/gm
Peanut butter
$3.54
18 oz
1.44c per gram
$8.00
800gm/1c/gm
Eggs
Milk
$2.79/dozen
White bread
Wheat bread
Beer
$1.49/loaf
$1.79/loaf
$2.48/loaf
$4.83/loaf
$17.99 (Budweiser)
$37.99 (Victoria Bitter)
$3.09/gl
$3.69/dozen
0.82c/l
$2.48/2l
$1.24/l
$4.69/gl
24-12 fluid ounce
bottles
•
The nation’s housing and homeownership policies over the last century have
contributed to the growth of the middle class and the United States economy
•
15% of the U.S. economy relies on housing and nothing packs a bigger local
economic impact than home building.
•
Constructing 100 new homes creates more than 300 full-time jobs,
$23.1 million in wage and business income
and $8.9 million in federal, state and local tax revenue.
•
A healthy housing industry means more jobs and a stronger economy. Home building
increases the property tax base that supports local schools and communities
• 30% increase in sales, February 2012 from February
2011
• Days on the market fall from 131 to 108
• Median sale price falls by 13%,
$120,000 in February 2011 to $104,725.00 in February
2012.
Since September 2008 there have been 3.5 million
completed foreclosures
• March 2011
85,000
• March 2012
69,000
• 1st quarter 2011
232,000
• 1st quarter 2012
198,000
• 1 in 4 homeowners underwater, owe more than
their home is worth
• GFC has wiped out more than $7 trillion in
household wealth
• House prices down 34% since 2006
• Interest rates – 30 year fixed mortgage at 3.88%
• New Housing starts rebound in April
• Housing starts increase 2.6% to an annual rate of
717,000
• Confidence among homebuilders at 5 month high
• 1st quarter 2012 residential construction grew at
fastest pace for 2 years
• Will contribute to economic growth for the first time
since 2005
Bathrooms Top Kitchens as Most Popular Remodeling Projects
• Special questions included on National Association of Home
Builders’ Remodeling Market Index (RMI) survey show that
home owners remain interested in updating the most heavily
used rooms in their homes, including bathrooms and kitchens.
• Predictions for the Housing sector 2012 demand is expected to be 1.9 to 2 million
housing units.
• Also affecting the plumbing and construction
sector are;
- the new lead laws,
- water efficiency targets.
• PMI supports national legislation to harmonise
requirements for lead in plumbing products
•
The USA national lead law takes effect January 2014
•
The bill was drafted and supported by PMI to harmonize California
standards throughout the USA
•
PMI was successful in convincing Louisiana, Vermont and Maryland to
adopt the 0.25% level instead of their own different levels as proposed.
•
Some other entities (water utilities and non-PMI members) have been
caught off-guard.
•
PMI will participate in a panel discussion at the June AWWA conference to
outline steps taken by manufacturers to comply by the prescribed deadline
•
PMI would like to see improvements to infrastructure to replace lead service
lines to reduce lead in water
• PMI supports water efficiency—getting the job done with
less water, NOT merely cutting back the amount of water
used (conservation)
• PMI supports consumer choice and opposes mandates
• PMI supports educating the consumer to encourage
positive behavior change.
• Water efficiency is a shared responsibility—not just that of
manufacturers.
• In areas moving to lower flow rates, PMI supports
harmonizing with high-efficiency Water Sense approved
products… reducing flow by 20%
Appreciation and thanks to:
 Mr. Roger Price, Consul General, Australian
Consulate, Chicago;
 Mr. Scott Adlington, Director of Investment,
Midwest, Victorian Government Business Office
 Ms. Barbara Higgens, Executive Director,
Plumbing Manufacturers International, Rolling
Meadows, Illinois
&
Thank you for your attention