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3.3.1 State Demographic Trends Oregon's Draft 2011-2015 Consolidated Plan includes a detailed housing needs analysis as well as strategies for addressing housing needs statewide.26 The plan concludes that "Oregon's changing population demographics are having a significant impact on its housing market." It identifies the following population and demographic trends that influence housing need statewide. Oregon is: • Growing more slowly than the national average since 2007 • Facing housing cost increases but higher unemployment and lower wages, when compared to the nation • Having higher foreclosure rates since 2005, compared with the previous two decades • Losing federal subsidies on about 8 % of federally subsidized Section 8 housing units • Losing housing value in some markets within Oregon • Losing manufactured housing parks, with a 25% decrease in the number of manufactured home parks between 2003 and 2010 • Increasingly older, more diverse, and, less affluent households27 The US Census shows demographic changes taking place in Oregon. Oregon's minority population grew quickly over the last decade. Minorities made up 16.5% of the population in 2000 and 21.5% of the population in 2010, a 46% increase. Hispanics and Latinos make up a large share of that population. The Latino population grew rapidly in Oregon during the 2000s. The growth rate of Oregon's non -Hispanic population between 2000 and 2010 was 7.5% compared to 63.5% for Latinos and Latinos. However, Latino per capita income in 2010 was only 47% of white per capita income. Growth in the Latino population slowed after 2007 as the Great Recession took hold and employment opportunities dwindled. If the economy rebounds, the Latino population may return to more typical growth during the second half of the 2010s. The Latino population has different housing preferences and homeownership trends than the population as a whole. These include: 26 http://www.ohcs.oregon.gov/OHCS/HRS_Consolidated_Plan5yearplan.shtml 27 State of Oregon Draft Consolidated Plan 2011 to 2015 Page 54 ECONorthwest Part 11 — Eugene Housing Needs Analysis