Center for Economic Development, Center for Community Planning and Development
This quarterly update of the Housing Impact of Shale Drilling Study and Dashboard includes indicators measuring oil and gas shale development activities in the fourth quarter and indicators measuring the housing market in third quarter of 2016. As with previous reports and dashboards, the companion documents were prepared by a team of researchers from Cleveland State University’s Levin College of Urban Affairs (CSU) for the Ohio Housing Finance Agency (OHFA) to monitor the impact of the Utica shale development in Ohio on housing affordability and availability in eight counties of eastern Ohio where the core upstream and midstream activities of shale development are concentrated. The eight counties include Belmont, Carroll, Columbiana, Guernsey, Harrison, Jefferson, Monroe, and Noble.
Updates of the upstream and midstream activities are provided for all indicators developed in the second iteration of the dashboard and report: well count, potential employment, oil price, and sales tax.
The housing market update for the third quarter of 2016 uses the five indicators developed in the initial dashboard and report: number of home sales, median sale price, days on market, rent per square foot, and rental vacancy rate. The indicators of multi-family affordability and availability are derived from CoStar data and include an update of the first and second quarter 2016 data as well.
Lendel, Iryna; Hexter, Kathryn W.; Post, Charlie; Downer, Nick; Hoover, Nate; and Martis, Sydney, "Housing Impact of Shale Development in Eastern Ohio Update: February 2017" (2017). Urban Publications. 0 1 2 3 1473.