Weatherford Fall 2014 Independent Demographic School ...roobond.com/assets/weatherford-isd-3q14-ppt.pdf · Independent School District Fall 2014 Demographic Update ... 8 Eagle Mtn.

Weatherford

Independent

School

District

Fall 2014

Demographic

Update

Learn from Yesterday…

Understand Today…

Plan for the Future

• Texas remains a top state in job growth from September 2013 to 2014,

with a rate of 3.6%, 1.7 percentage points higher than the national

average.

• Texas has added far more “good jobs” than the rest of the nation. The

upper two quartiles accounted for 55% of new job growth since 2000. (Federal Reserve Bank of Dallas)

• The state's unemployment rate has been at or below the national rate for 7

consecutive years. (State Comptrollers Office)

• Unemployment rates - Texas Labor Market Information (September 2014)

- U.S. 5.7%

- Texas 5.0%

- DFW MSA 5.0%

- Parker County 4.5%

- Weatherford 4.6%

• Parker County issued 293 single-family housing permits from the start of

the year through September 2014. This is a 35.6% increase from the

same period in 2013. Multi-family permits are up 9.3% from the

previous year. (Real Estate Center at Texas A&M)

• While new home starts under $150,000 have dropped 6% since 2012,

starts of homes priced more than $300,000 increased 13.4% in DFW.

(Metrostudy)

Economic Conditions

2

Texas Economic OverviewTexas Energy is Key to Growth

• Texas is home to the two largest producing oil reserves in the nation.

• The U.S. has become the world’s largest oil producer, passing Saudi Arabia and Russia.

• U.S. output is more than 11 million barrels per day in the first quarter of 2014, according to the

International Energy Agency. They predict the U.S. could produce 19 million per day by 2019.

• Texas is responsible for 36% of U.S. oil production, making it the number one oil producing

state.

3

Weatherford Economic Overview

4

Texas Health Resources• The new Texas Health Resources’ $20

million, 60,000 sq. ft. outpatient center in

Willow Park is nearing completion

• It will have an emergency department,

medical office buildings, lab services and

advanced imaging

• Located at I-20 and Crown Pointe Blvd

• Anticipates adding 60-100 new jobs

Rehab Hospital Under Construction• The 27,000 sq. ft. hospital will be the first free-standing

inpatient rehabilitation hospital in Weatherford

• Expected to open early 2015

• It will create about 120 new around the clock nursing

care jobs

• The hospital will have 26 beds for physical,

occupational, respiratory and speech therapy

• Located on Santa Fe and Foster Lane

Additional Notes from Weatherford’s Economic Development Department:

• A 75,000 sq. ft. movie theater and bowling alley will open in the next year creating 80 new jobs

• A beverage distribution warehouse currently located in Palo Pinto County is relocating to the

Weatherford area. The warehouse will move its 100 jobs, but anticipates 10-20 jobs turnover

• Several franchise restaurants are coming to town in the next year. Expect 15,000 sq. ft. of new

dining facilities around Weatherford by summer 2015

• A chemical manufacturing company in Weatherford is working to double its existing warehouse

space, adding 100,000 sq. ft. and 15 jobs

Parker County Economic Overview

5

3.2%

-1.0%

7.8%

4.8%

-7.3%

DFW Annualized Job Creation(100,200 September 2014 year over year)

Average Home Price($213,508 September 2014)

Unemployment(4.5% September 2014 year over year)

Texas Oil & Gas Rig Count(902 September 2014)

Existing Home Inventory (5.4 Month’s Supply)

Parker County Housing MarketMultiple Listing Service – YTD SFD Activity & Inventory

6

Sept-14 %Change

YTD Sales 1,445 -2.2%

Average Price $213,508 4.8%

Median Price $191,000 12.4%

Listings 2,289 -0.4%

DOM 73 6.1%

Months of Supply 5.4 -7.3%

Parker County Housing MarketMedian List Price Comparison, October 2008 – August 2014

7

$70,000

$100,000

$130,000

$160,000

$190,000

$220,000

$250,000O

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Median List Price

Weatherford Mineral Wells Fort Worth Parker County

August 2014 Median List Price

• Parker County: $245K

• Fort Worth: $174K

• Weatherford: $169K

• Mineral Wells $115K

DFW New Home Ranking Report ISD Ranked by Annual Closings – 3Q14

Rank District Name Annual Starts Annual Closings VDL Future

1 Frisco ISD 2,660 2,756 4,256 7,291

2 Denton ISD 1,695 1,532 2,264 15,332

3 Northwest ISD 1,259 1,301 1,528 21,977

4 Prosper ISD 1,200 1,060 2,084 19,559

5 Keller ISD 1,028 935 1,415 3,186

6 Dallas ISD 926 918 2,070 7,357

7 Lewisville ISD 943 828 1,801 3,992

8 Eagle Mtn. - Saginaw ISD 806 817 1,380 20,155

9 McKinney ISD 588 617 1,294 6,813

10 Rockwall ISD 671 606 1,810 7,738

11 Mansfield ISD 560 591 841 4,749

12 Allen ISD 628 589 697 1,271

13 Forney ISD 542 515 959 11,518

14 Little Elm ISD 598 504 1,078 5,772

15 Burleson ISD 405 431 578 4,029

16 Plano ISD 419 397 878 1,649

17 Crowley ISD 443 383 1,460 8,616

18 Wylie ISD 390 381 635 4,813

19 Midlothian ISD 401 364 875 15,589

20 Garland ISD 427 333 629 4,153

21 Anna ISD 341 331 200 3,579

22 HEB ISD 417 326 479 5,251

23 Fort Worth ISD 308 324 989 4,367

24 Aledo ISD 359 323 879 15,851

25 Waxahachie ISD 324 293 778 9,254

26 Carrollton-Farmers Branch ISD 273 258 209 696

27 Royse City ISD 271 255 800 7,139

28 Weatherford ISD 217 196 513 844

29 Melissa ISD 239 186 298 5,255

30 Arlington ISD 145 183 314 4048

_̂

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Source: Esri, DigitalGlobe, GeoEye, i-cubed, Earthstar Geographics, CNES/Airbus DS, USDA, USGS, AEX, Getmapping,Aerogrid, IGN, IGP, swisstopo, and the GIS User Community

Active SubdivisionsLakeway Estates and Silverstone

9

Silverstone at Pearson

Ranch

• 450 total lots

• 200 currently built

• Next phase with 41 lots

awaiting approval by the city

• Lots delivered in May

• 7 U/C

• $200K - $300K

• Martin Elementary

Lakeway Estates

• 67 total lots

• 6 U/C

• 5 VDL

• Built-out by early 2015

• $250K - $300K


Active SubdivisionLockwood Estates

_̂AUSTIN

ELEM

CLE

BU

RN

E H

WY

W BB FIELDERR

D

SM

AIN

ST

§̈¦20

AUSTIN

CURTIS


Lockwood Estates

• 143 total lots currently

• Owner has 162 acres of

undeveloped land

• Phase 3 groundwork underway with

47 lots, finished in early 2015

• $225K

• 15 building permits issued in 2014

• Austin Elementary

10

Active SubdivisionPark Oaks Addition and Westover Village

_̂WEATHERFORD

HIGH

W PARK AVE EXIT 406

SM

AINST

W INTERSTATE 20 RAMP

BETHEL R

D

W INTERSTATE 20 SERVICE RD

W BB FIELDER RD

§̈¦20

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AUSTIN

CURTIS

WRIGHT


Park Oaks Addition

• 105 total lots

• 60 homes completed

• 15 U/C

• 24 VDL

• Built-out by Oct. 2015

• $200K - $240K

• Wright Elementary

Westover Village

• Approx. 380 total lots

• 250 homes completed

• Phase 3 with 128 lots

awaiting approval

• $167K - $223K

• Curtis Elementary

11

Active SubdivisionsPleasant Valley and Story Book Homes

_̂

_̂

_̂

WRIGHTELEM

CURTISELEM

HALL MID

RANGER HWY

CURTISWRIGHT


Pleasant Valley

• Approx. 125 total lots

• 50-60 homes complete


• Wright Elementary

Story Book Homes

• 41 total lots

• 9 VDL

• 14 building permits

issued in 2014

• Built-out by mid 2015

• $130K+

• Curtis Elementary

12

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51

NM

AIN

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STER

HW

Y

N RIC WILLIAMSON MEMORIAL HWY

CROCKETT

CURTIS

SEGUIN

WR

IGH

T

Source: Esri, DigitalGlobe, GeoEye, i-cubed, Earthstar Geographics, CNES/Airbus DS, USDA, USGS, AEX,Getmapping, Aerogrid, IGN, IGP, swisstopo, and the GIS User Community

Active SubdivisionDove Hill Dove Hill

• 94 platted lots


• Phase 3 under construction with

10 lots

• 2 VDL

• 80 total acres

• $148K - $200K

• Seguin Elementary

Peaster ISD

13

Active SubdivisionBedinger Place

_̂

_̂

MARTINELEM

TISONMID

AZLE HW

Y

CROCKETT

IKARD

MARTIN


Bedinger Place

• 215 platted lots

• Phase 4B U/C

• 38 VDL

• 40 acres remaining for

development

• 7 permits issued in 2014


14

Future Townhomes

_̂

CROCKETTELEM

SAN

TAFE

DR

FORT WORTH HWY

FORT WORTH HWY

CROCKETT

IKARD

SEGUIN


Villas at Heritage Point Villas at Heritage Point

• 78 total lots

• 5 townhomes complete

• No recent activity, but

developer planning to

restart development

• 3-4 year build-out

• $140K - $180K

• Crockett Elementary

15

_̂IKARD

ELEM

SAN

TAF

ED

R

SANTA FE DR

§̈¦20

AUSTIN

IKARD

Source: Esri, DigitalGlobe, GeoEye, i-cubed, Earthstar Geographics, CNES/Airbus DS, USDA, USGS, AEX,Getmapping, Aerogrid, IGN, IGP, swisstopo, and the GIS User Community

Active TownhomesTown Creek Development

Town Creek Development

• 126 platted lots

• 85 lots for duplexes and townhomes for rent

• 23 townhome permits and 16 single family

permits were issued in 2014

• Rent: $1,200 - $1,400

• Townhome lots built-out in summer 2015

• Ikard Elementary

16

Enrollment History

*Yellow box = largest grade per year*Green box = second largest grade per year

Cohort Analysis

17

Year (Oct.) EE/PK K 1st 2nd 3rd 4th 5th 6th 7th 8th 9th 10th 11th 12th Total Growth %

Growth

2010/11 193 638 572 597 532 609 556 602 562 598 589 571 537 512 7,668

2011/12 188 557 631 557 600 527 609 553 605 568 628 564 504 516 7,607 -61 -0.8%

2012/13 185 606 599 603 585 604 529 612 542 596 572 587 513 503 7,636 29 0.4%

2013/14 162 611 602 591 607 582 642 519 634 557 649 545 541 492 7,734 98 1.3%

2014/15 168 564 647 599 584 614 561 614 519 627 555 638 534 511 7,735 1 0.0%

K 1st 2nd 3rd 4th 5th 6th 7th 8th 9th 10th 11th 12th

3 year avg 1.006 1.043 0.979 1.015 1.004 1.010 0.981 1.005 1.001 1.031 0.957 0.937 0.967

2012/13 1.088 1.075 0.956 1.050 1.007 1.004 1.005 0.980 0.985 1.007 0.935 0.910 0.998

2013/14 1.008 0.993 0.987 1.007 0.995 1.063 0.981 1.036 1.028 1.089 0.953 0.922 0.959

2014/15 0.923 1.059 0.995 0.988 1.012 0.964 0.956 1.000 0.989 0.996 0.983 0.980 0.945

Ten Year ForecastBy Grade Level

*Yellow box = largest grade per year*Green box = second largest grade per year

18

• Weatherford ISD will reach more than 8,000 students in the fall of 2018

• 5 year growth = 298 students

• 2019/20 enrollment = 8,033

• 10 year growth = 782 students

• 2024/25 enrollment = 8,517

Year (Oct.) EE/PK K 1st 2nd 3rd 4th 5th 6th 7th 8th 9th 10th 11th 12th Total Growth % Growth

2010/11 193 638 572 597 532 609 556 602 562 598 589 571 537 512 7,668

2011/12 188 557 631 557 600 527 609 553 605 568 628 564 504 516 7,607 -61 -0.8%

2012/13 185 606 599 603 585 604 529 612 542 596 572 587 513 503 7,636 29 0.4%

2013/14 162 611 602 591 607 582 642 519 634 557 649 545 541 492 7,734 98 1.3%

2014/15 168 564 647 599 584 614 561 614 519 627 555 638 534 511 7,735 1 0.0%

2015/16 168 557 584 651 604 599 622 571 617 527 655 525 619 516 7,815 80 1.0%

2016/17 168 551 575 592 658 609 612 619 588 623 561 620 488 597 7,861 45 0.6%

2017/18 168 573 574 577 602 656 615 609 626 574 673 529 608 471 7,855 -6 -0.1%

2018/19 168 592 593 581 588 608 663 615 618 635 611 639 513 587 8,011 156 2.0%

2019/20 168 602 614 596 588 597 606 669 631 622 642 596 607 495 8,033 22 0.3%

2020/21 168 611 616 620 603 591 611 604 680 654 654 613 576 586 8,187 154 1.9%

2021/22 168 619 632 620 631 607 591 605 617 694 684 628 590 556 8,242 55 0.7%

2022/23 168 619 638 638 632 642 612 596 626 629 717 661 603 569 8,350 108 1.3%

2023/24 168 629 639 643 641 639 649 617 610 633 657 693 636 582 8,436 86 1.0%

2024/25 168 647 650 641 648 645 643 653 633 616 660 633 666 614 8,517 81 1.0%

Ten Year ForecastBy Campus

19

• Elementary enrollment will reach 4,500 in 2022

• Total middle school enrollment is expected to grow by 5.86% in 2016

• Weatherford High School will have 1,800 students in 2022

HISTORY Current ENROLLMENT PROJECTIONSCampus 2013/14 2014/15 2015/16 2016/17 2017/18 2018/19 2019/20 2020/21 2021/22 2022/23 2023/24 2024/25

AUSTIN ELEMENTARY 585 579 593 597 609 632 642 655 670 685 697 711

CROCKETT ELEMENTARY 540 530 533 554 558 572 583 595 602 612 622 632

CURTIS ELEMENTARY 714 716 686 675 651 630 625 628 633 646 658 671

IKARD ELEMENTARY 660 662 675 681 680 678 685 677 686 708 719 729

MARTIN ELEMENTARY 572 590 606 615 609 620 649 651 660 675 686 700

SEGUIN ELEMENTARY 604 611 599 589 580 594 575 552 549 555 570 585

WRIGHT ELEMENTARY 641 663 664 673 687 682 681 666 673 664 673 667

ELEMENTARY TOTALS 4,316 4,351 4,356 4,384 4,374 4,408 4,440 4,424 4,473 4,545 4,625 4,695

Elementary Absolute Growth -7 35 5 28 -10 34 32 -16 49 72 80 70

Elementary Percent Growth -0.16% 0.81% 0.11% 0.64% -0.23% 0.78% 0.73% -0.36% 1.11% 1.61% 1.76% 1.51%

HALL MIDDLE SCHOOL 627 592 585 617 609 616 629 640 618 609 608 608

TISON MIDDLE SCHOOL 564 554 559 594 591 637 624 694 693 646 635 641

MIDDLE SCHOOL TOTALS 1,191 1,146 1,144 1,211 1,200 1,253 1,253 1,334 1,311 1,255 1,243 1,249

Middle School Absolute Growth 53 -45 -2 67 -11 53 0 81 -23 -56 -12 6

Middle School Percent Growth 4.66% -3.78% -0.17% 5.86% -0.91% 4.42% 0.00% 6.46% -1.72% -4.27% -0.96% 0.48%

WEATHERFORD 9th GRADE CTR 626 541 633 540 654 590 622 634 664 697 637 640

WEATHERFORD HIGH SCHOOL 1,601 1,697 1,682 1,726 1,627 1,760 1,718 1,795 1,794 1,853 1,931 1,933

HIGH SCHOOL TOTALS 2,227 2,238 2,315 2,266 2,281 2,350 2,340 2,429 2,458 2,550 2,568 2,573

High School Absolute Growth 52 11 77 -50 15 69 -10 89 29 92 18 5

High School Percent Growth 2.39% 0.49% 3.46% -2.14% 0.67% 3.01% -0.41% 3.79% 1.21% 3.74% 0.71% 0.20%

DISTRICT TOTALS 7,734 7,735 7,815 7,861 7,855 8,011 8,033 8,187 8,242 8,350 8,436 8,517

District Absolute Growth 98 1 80 45 -6 156 22 154 55 108 86 81

District Percent Growth 1% 0% 1% 1% 0% 2% 0% 2% 1% 1% 1% 1%

Summary

• Texas economy continues to be the strongest state

economy in the country.

• DFW will continue to be a leader in job and population

growth due to the energy boom and its diverse economy.

• The housing market in DFW continues to grow, as the

area saw more than 22,500 annualized starts in 2Q14.

• Two medical centers under construction in Weatherford

are nearing completion.

• Silverstone and Lockwood Estates will be delivering lots

in early 2015.

• Weatherford ISD can expect an increase of

approximately 300 students during the next 5 years.

• 2019/20 enrollment projection = 8,033.

• WISD is projected to have over 8,500 students for the

2024/25 school year.

20

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Weatherford Fall 2014 Independent Demographic School ...roobond.com/assets/weatherford-isd-3q14-ppt.pdf · Independent School District Fall 2014 Demographic Update ... 8 Eagle Mtn.

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