Katrina Recovery One Year After the Worst Storm Damage in U. S. History

1. Katrina RecoveryOne Year After the Worst Storm Damage in U. S. History Wade R. Ragas, Ph.D. MAI Real Property Associates, Inc. wrragas@aol.com (504) 324-3994

2. 2 Population Pre & Post KatrinaOrleans Parish

3. 3 Metro New Orleans Population Pre & Post Katrina

4. 4 Metro New Orleans Population Pre & Post Katrina

5. 5 Population Losses Population Recovery Initial Loss - January 2006 423,000 Loss Long Term - Aug 2006 272,000 Recovery 139,000 Percent Loss Pre-Katrina Population 19% New Construction (Annual Rate 2006) New Orleans Metro 5,500 Baton Rouge Metro 6,600 Houma 1,000 Total: 13,100 multifamily starts of 6000 likely in 2007

6. 6 Employment Losses Job Recovery November 2005 Loss 218,000 August 2006 Loss 186,500 Recovery of Jobs 31,500 Percent Loss of Pre K Jobs 31.1% Job Loss Including New Construction Workers 136,500 New Construction Workers 50,000+

7. 7 Flood Damage & Insurance Louisiana

8. 8 Flood Damage & Insurance Louisiana

9. 9 Metro AreaCommercial Markets

10. 10 Tourism/conventions Convention Center bookings 85% of pre K level Cruise Lines �all 4 restored Airport at 65% of Pre K seating capacity and growing Medical Trauma One Center Open and more medical coming on line

11. 11 St. Tammany, Tangipahoa Population Pre & Post Katrina