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Philadelphia-Camden-Wilmington, PA-NJ-DE-MD View area description and map

 

Market Hotness

1.3

12 mos. permits per 1,000 residents

Period ending Mar '10Sources and methods - click for more info

Job Growth

-2.3%

Annual rate last 4 quarters

Period ending Mar '10Sources and methods - click for more info

Res. Permits

-33%

YTD change vs. prior year

Period ending Mar '10Sources and methods - click for more info
 

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2009 Local Leaders

Philadelphia

  • Market Rank: 11
  • Total Permits: 6,954
Rank Parent Company/Company Closings Market Share
1 NVR/NV Homes/Ryan Homes 656 12.8%
2 Orleans Homebuilders 287 5.6%
3 Toll Brothers 201 3.9%
4 Pulte Homes/Del Webb/Centex Homes 193 3.8%
5 Hovnanian Enterprises/K. Hovnanian Homes 160 3.1%
6 Heritage Building Group 146 2.8%
7 David Cutler Group 124 2.4%
8 D.R. Horton 112 2.2%
9 Deluca Enterprises 88 1.7%
10 Beazer Homes USA 84 1.6%
Top 10 Total Market Share 2,051 39.9%

Data courtesy of Hanley Wood Market Intelligence

 

Philadelphia Permits

Percentage change year over year

  Single Family Multifamily Units  
  Permits Chg. 2 Units 3-4 Units +5 Units All Multi Chg. Total Units Chg.
2010 1Q 1,412 +52% 54 34 181 269 +5% 1,681 +42%
2009 4Q 1,365 +8% 62 14 794 870 +26% 2,235 +14%
3Q 1,317 -24% 30 47 515 592 +1% 1,909 -18%
2Q 1,244 -38% 64 56 300 420 -57% 1,664 -44%
1Q 928 -48% 22 16 217 255 -81% 1,183 -62%
Annuals                  
2009 4,854 -29% 178 133 1,826 2,137 -42% 6,991 -34%
2008 6,798 -29% 166 110 3,324 3,600 -9% 10,398 -23%
2007 9,471 -19% 134 220 3,438 3,792 -31% 13,263 -23%
Period ending Mar '10Sources and methods - click for more info
 

Market Hotness Trend

12 mos. permits per 1,000 residents

Mar '10

1.3

Period ending Mar '10Sources and methods - click for more info

Density Information

Calculated per square mile

Q1 '10Q1 '09Chg.
Population1263.271260.390.2%
Housing Unit517.52517.420.0%
Market Density Index (MDI)
Total Permits1.641.85-11.4%
SF Permits1.181.30-9.2%
MF Permits0.460.56-17.9%
Period ending Mar '10Sources and methods - click for more info

Existing Housing Stock

2,395,979

Philadelphia, PA

Period ending Mar '10Sources and methods - click for more info

Population

Based on Census Bureau estimates

Mar '10

5,848,567

Period ending Mar '10Sources and methods - click for more info

Construction Trends

Share of permits by dwelling type

3 Months '10Share
Single-Family84%
Multifamily16%
2005-2009Avg.Share
Single-Family70%
Multifamily30%
Period ending Mar '10Sources and methods - click for more info
 

Philadelphia Employment Trends

Employment numbers in thousands

Employment Sector No.of Jobs Last 1 Year Change Last 1 Year Job Growth Last 2 Years Change Last 2 Years Job Growth
Total 2657.2 -62.1 -2.3% -85.3 -3.1%
Construction 86.2 -17.0 -19.7% -18.0 -17.4%
Manufacturing 183.4 -15.1 -8.2% -20.3 -10.2%
Trade 403.0 -5.7 -1.4% -21.5 -5.3%
Information 52.4 -2.4 -4.6% -2.8 -5.1%
Financial Activities 199.6 -8.8 -4.4% -9.8 -4.7%
Services 1283.0 -8.2 -0.6% -14.5 -1.1%
Government 362.2 -2.5 -0.7% 5.5 1.5%
Unemployed at end of period (rate) 237.4 7.9% 145.0 4.9%
Period ending Mar '10Sources and methods - click for more info