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17 <br />supplemented with building permit and <br />demolition data from the US Census Bureau <br />Construction Division and a review of pending <br />development applications or development plans <br />available through the County/Towns, <br />iii, For future estimates of residential demand, <br />available existing population forecasts (e.g „ <br />MPO forecasts, State forecasts) and headship <br />ratios (derived from U.S. Census PUMS - Public <br />Use Micro data Sample) will be used to estimate <br />household formation. <br />iv. For future estimates of commercial and industrial <br />demand, available State or MPO forecasts, the <br />corresponding relationship between households, <br />and the demand for retail services will be <br />analyzed, <br />v. Collect property valuation records (preferably in <br />digital format - GIS or MS Access database) and <br />trends in sales ratio data from County assessor's <br />department. Review assessor current assumptions <br />and practices regarding the cost of various <br />building types and differentials in the County by <br />location. <br />vi. Interview Department personnel responsible for the <br />Lands Legacy Program, Agricultural Use Value <br />Program and Forest Use Value Program to review <br />recent trends, patterns and the use value of <br />preserved parcels, <br />2, Investigate the current and future supply of <br />residential, commercial and industrial development in <br />the County with particular attention to the spatial <br />patterns of supply in the unincorporated areas, <br />i. Supply characteristics and trends, opportunities <br />and threats to the County real estate market will <br />be examined in a series of select interviews with <br />realtors (i.e., commercial, industrial, <br />residential) and economic development officials. <br />ii. Investigate local build-out analyses, zoning <br />ordinances and vacant land inventories for a <br />determination of future supply <br />iii, Estimate the annual absorption levels of the <br />future supply of residential and nonresidential <br />development, using several data sources including <br />recent population trends, building permits, labor <br />market and employment trends, and tax. assessor <br />records. <br />