Demographic Coppell Update Independent Fall 2017 School - PowerPoint PPT Presentation

Demographic Coppell Update Independent Fall 2017 School District Learn from Yesterday… Understand Today… Plan for Tomorrow

Economic Conditions – DFW Area (September 2017) 2.8% 32,086 99,800 new jobs 2,651 more National rate 1.2% starts than 3Q16 Unemployment Rate Annual Job Growth U.S. 4.1% Home Starts Texas 4.0% DFW MSA 3.4% Coppell 3.0% -0.9% 2 Sources: Texas Workforce Commission & Metrostudy

Local Economic Update Stand Rock Hospitality Resort • Grapevine City Council approved a $9 million incentive package to bring a Stand Rock Hospitality Resort to Grapevine • Will include indoor and outdoor waterpark, laser tag, ropes course, a spa, meeting facilities, and approx. 20 million visitors per year • First phase will include 420 hotel rooms and 170,000 sq. ft. of water park amenities • Phase one cost- $170 million • Create more than 1,000 jobs • Total cost- $330 million • Opens doors in 2019 • Source: Grapevine Economic Development Board Pioneer Natural Resources • Relocating to the Verizon campus on Hidden Ridge in Las Colinas at the beginning of 2018 • Estimated $6 million in economic incentives • 1.2 million sq. ft. of corporate offices • Includes plans to develop a 200 room full-service hotel, 1,200 apartments or residences, 80,000 sq. ft. of restaurant and retail space, and a 2-acre green space with amenities on the historic Carpenter Ranch • 110-acre mixed use development sit adjacent to a DART rail station • Total construction costs $344 million • Source: Dallas Business Journal 3

Coppell ISD Home Sales January – October 2017 Home Sales by Price Regular Resale 67% Foreclosure Sale 2017 District 1% REO Sale 1% Home Sales by Type New Home Sale 31% • Coppell ISD has had 955 home sales to date 2017, and roughly 31% were of new homes • The average sale price in 2017 for a new home in CISD is $521,380 • The average sale price in 2017 for an existing home in CISD is $414,053 4

DFW New Home Ranking Report ISD Ranked by Annual Closings – 3Q17 Rank District Name Annual Starts Annual Closings VDL Future 1 Frisco ISD 2,552 2,681 4,067 6,325 2 Prosper ISD 2,804 2,524 5,703 25,970 3 Denton ISD 2,014 1,963 2,569 20,596 4 Northwest ISD 1,976 1,863 2,074 24,277 5 Dallas ISD 1,939 1,739 2,088 7,298 6 Lewisville ISD 1,141 1,277 1,493 4,749 7 Rockwall ISD 943 1,005 1,917 8,053 8 Little Elm ISD 1,465 1,002 1,383 3,586 9 McKinney ISD 847 827 1,504 8,253 10 Wylie ISD 865 801 1,006 4,313 11 Keller ISD 690 795 826 1,961 12 Eagle Mt.-Saginaw ISD 1,081 776 1,417 19,107 13 Mansfield ISD 616 710 857 7,133 14 Forney ISD 916 684 1,530 14,322 15 Allen ISD 683 634 1,094 1,713 16 Crowley ISD 599 632 1,049 12,551 17 Garland ISD 494 604 453 4,102 18 Midlothian ISD 686 582 1,402 19,477 19 Fort Worth ISD 567 476 964 4,499 20 Waxahachie ISD 497 476 910 9,453 21 Coppell ISD 430 455 331 693* 22 Plano ISD 487 441 1,153 2,184 23 Aledo ISD 480 379 1,216 14,845 24 HEB ISD 407 364 698 4,377 25 Princeton ISD 399 351 228 5,278 *Based on additional TD Research 5

New Housing Activity Coppell ISD 180 Starts Closings 160 140 120 100 80 60 40 20 0 Starts 2012 2013 2014 2015 2016 2017 Closings 2012 2013 2014 2015 2016 2017 1Q 27 22 29 78 126 101 1Q 20 15 22 88 96 99 2Q 29 25 41 89 97 128 2Q 24 31 21 67 103 122 3Q 46 23 83 158 145 108 3Q 26 30 26 80 162 112 4Q 20 30 66 114 93 4Q 33 22 20 107 122 Total 122 100 219 439 461 337 Total 103 98 89 342 483 333 • Coppell ISD started more than 100 homes for the third consecutive quarter, and is on pace to start more than 400 homes in 2017 • The district is on pace to close more than 400 homes by the end of 2017 • New home inventory is healthy at 6.9 month’s supply 6

Annual Closings Distribution 3Q17 Top 5 Subdivisions - 3Q17 (Ranked by Annual Closings) Annual Quarter Rank Subdivision Closings Closings VDL Future 1 PARKSIDE WEST 140 46 159 182 2 BRIDGES AT LAS COLINAS 97 26 2 0 3 PARKSIDE EAST 92 20 15 0 WESTHAVEN 4 29 5 18 0 (COTTONWOOD CREEK) 5 EAST LAKE 27 8 0 0 TOTALS 385 105 194 182 7

Vacant Developed Lots 3Q17 Top 5 Subdivisions - 3Q17 (Ranked by Vacant De v eloped Lots) Annual Rank Subdivision Closings VDL Future 1 PARKSIDE WEST 140 159 182 2 WESTHAVEN (TOWN CENTER) 25 86 0 3 KYRA COURT 0 20 0 4 RED HAWK VILLAS 3 19 0 WESTHAVEN 5 29 18 0 (COTTONWOOD CREEK) TOTALS 197 302 182 8

Future Lots 3Q17 Top 5 Subdivisions - 3Q17 (Ranked by Future Inventory) Annual Rank Subdivision Closings VDL Future 1 SOUTHHAVEN (WEST CELL) 0 0 215 2 STONEGATE (IRVING) 0 0 206 3 PARKSIDE WEST 140 159 182 4 BLACKBERRY FARM ADDITION 0 0 80 5 PETTERSON ADDITION 0 0 7 TOTALS 140 159 690 9

New Home Activity by Elementary Zone Annual Quarter Annual Quarter Under Elementary Zone Construction Inventory VDL Futures Starts Starts Closings Closings AUSTIN 2 2 13 0 2 2 20 215 COTTONWOOD CREEK 28 10 29 5 15 23 18 0 DENTON CREEK 0 0 0 0 0 0 0 0 LAKESIDE 1 0 7 0 1 1 0 80 LEE 258 54 237 72 82 137 161 388 MOCKINGBIRD 0 0 0 0 0 0 0 0 PINKERTON 97 37 110 20 46 64 23 3 TOWN CENTER 40 3 52 15 15 25 86 0 WILSON 4 2 7 0 5 9 23 7 Grand Total 430 108 455 112 166 261 331 693 Highest activity in the category Second highest activity in the category Third highest activity in the category 10

District Housing Overview • Coppell ISD has appx. 330 lots available to build on • The district has nearly 480 future lots planned Active Subdivision Future Subdivision • Groundwork is underway on nearly 400 lots 11

Residential Activity Cypress Waters Cypress Waters • Developer estimates 10,000 housing units at full build-out • 761 apartment units have been constructed to date • The Sound Apartments Phase 1 (700 units) under construction, first units available 1Q18 • Developer projects adding 500 additional units The Sound between spring 2018-spring 2019 Phase 1 • Single family removed from updated concept plan • Full build out is estimated to take 20-30 years • Current multi-family student yield: 0.18 Existing • Split between Austin and Lee Elementary multi-family 12

Residential Activity Parkside West and Parkside East Parkside East • 249 total lots • 191 homes occupied • 26 U/C • 15 VDL • Built out spring 2018 • $400K - $650K • Current student yield: 0.74 • Pinkerton Elementary Parkside West • 638 total lots • 182 future lots • 195 homes occupied • 64 U/C • 159 VDL • Phase 2C delivered in Oct. 2017 Carrollton-Farmers • Groundwork underway on Phase 2B Branch ISD (final 106 lots) homes starting fall 2018 • Building 150 homes per year • $400K - $630K • Current student yield: 0.73 • Lee Elementary 13

Residential Activity Stonegate & The Bridges at Las Colinas The Bridges at Las Colinas • 399 total lots • 362 occupied • 18 U/C • 2 VDL • Built out by end 2017 • $475K-$680K • Current student yield: 0.72 • Lee Elementary Stonegate • 206 total future lots • First lots delivering by 1Q18 • First residents expected summer 2018 • Built out by Fall of 2020 • Lee Elementary Carrollton-Farmers Branch ISD 14

Residential Activity Red Hawk Villas Red Hawk Villas • 51 total lots • 27 occupied • 4 U/C • 19 VDL • $550K- $865K • Building 3-5 homes per year • Current student yield: 0.11 • Wilson Elementary 15

Future Residential Activity Southaven (aka. West Cell) Carrollton-Farmers Branch ISD Southaven • 215 total future lots • Zoning was approved March 2017 • Initial groundwork underway • Homes starting late summer 2018 • Austin Elementary 16

2017-18 Multi-Family Yield • Coppell ISD has 2,562 students residing in nearly 5,050 multi-family units • CISD average MF yield = 0.54 17