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Sources: Snohomish County <br />Assessor, AHA Staff Analysis <br />0 <br />200 <br />400 <br />600 <br />800 <br />1000 <br />1200 <br />1400 <br />1600 <br />Units <br />Built <br />Everett Apartment Housing Units Built by Year, by Type, 1900-2023 <br />130-135 (5-50 Units) Total 136 (51-100 U)137 (101-200 U)138 (201-300 U)139 (300+ U) <br />Boeing Bust & 1969- <br />70 Recession <br />1980-82 <br />recession <br />1990-1991 <br />Recession <br />Dot-Com Bubble <br />2008  <br />COVID <br />High Interest Rates -> <br />Takeaways: <br />•5-50 Unit Construction Types Largely absent post-Recession <br />•Still, smaller properties were a noteworthy part of production, now gone <br />•100–300-unit construction more common post-Recession (300+ disappear until 2023) <br />•Production down from 1990 generally <br />•No economist/builder, but seems interest rates & recessions influence larger properties a lot <br />•Seems possible high interest rates will depress large project starts <br />•Should we (Everett, County, Olympia) bother with incentivizing smaller unit buildings?