Demographic multipliers provide vital inputs to estimating added populations in development impact studies. They are critical to assessing impact fees and consequent costs to public services. However, the widely used Fannie Mae demographic multiplier series used today was released over a decade ago.
The use of outdated data can produce inaccurate estimates of development impacts, overestimating or underestimating how new developments will affect school enrollment, traffic patterns, and municipal finances. That is why Econsult Solutions and its Community Data Analytics team have developed a new set of multipliers using the most up-to-date data available for each state and the District of Columbia.