Bay County Has Sunk In Owner-Occupied Residential Real Estate by 5.5%, (2010 Census)

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Parent Category: Florida

Category: Bay County, FL

Recently reported by the 2010 Census, Bay County, Florida decreased in housing units by 21,215, or 27%, (since the 2000), while the State of Florida increased in housing units by 1,686,633, or 19%.

Measured against the US, Bay County has a very high amount of unoccupied residential properties. 31,212, or 31.3%, of residential units are vacant in Bay County, Florida. Among the 31,212 unoccupied housing units, 6.1% are on the real estate market for sale, while 33.3% are reported as being listed for rented.

Between 2000 and 2010, owner-occupied units in Bay County have decreased by 5.5%. In 2010, there were 43,207 (63.1%) owner-occupied housing units, while there were 25,231 (36.9%) housing units were being rented. Bay County has a greater portion of rented units than the State of Florida, which reportedly saw 32.6% of residential properties rented.

Compared to counties across the US, Bay County has a high level of residential properties that are minority-owned. 12.2% of housing units are owned by minorities in Bay County; at the same time the US as a whole had 21.7% and in the State of Florida 27.0% of residential properties are minority-owned.

Native Hawaiian is the group with the highest percent of rental in Bay County. 60.4% the Native Hawaiian Census group reportedly occupied a rental.

Datasource:  U.S. Census Bureau, Census 2010 Summary File 1. For more information, please visit the US Census website or visit our Request Census Data section and file a request.

In Bay County, Florida, the total number of workers for all sectors has decreased by 1,081 jobs from 2005 to 2010.

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Parent Category: Florida

Category: Bay County, FL

In Bay County, Florida, the total number of workers for all sectors has decreased by 1,081 jobs from 2005 to 2010.

Given the 161 industries (4-digit NAICS) with sufficient data reported by the Bureau of Labor Statistics (BLS) in each year, 78 accounted an for increase in employment during the period and 81 industry sectors accounting for employment declines during that time period.

The department stores industry has grown the most with 1,394 employees finding new jobs in the industry. The employment growth in department stores makes up 13.5% percent of the total number of new jobs in Bay County, Florida between 2005 and 2010.

Top 5 Growing Industries
1. Department stores (+1394)
2. Other general merchandise stores (+1217)
3. Fullservice restaurants (+933)
4. Facilities support services (+626)
5. Wireless telecommunications carriers (+512)

The building equipment contractors industry faced the greatest employment loss with a total loss of 833 jobs during the time period. The jobs lost in building equipment contractors make up 9.5% percent of the total job loss in Bay County, Florida for the years between 2005 and 2010.

Top 5 Declining Industries
1. Building equipment contractors (-833)
2. Nondepository credit intermediation (-779)
3. Residential building construction (-669)
4. Building foundation and exterior contractors (-489)
5. Building finishing contractors (-477)

Datasource: U.S. Department of Labor. Bureau of Labor Statistics. Quarterly Census of Employment and Wages (QCEW).