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Albuquerque, NM View area description and map

 

Market Hotness

2.0

12 mos. permits per 1,000 residents

Last update Sep '09Sources and methods - click for more info

Job Growth

-3.9%

Annual rate last 4 quarters

Last update Sep '09Sources and methods - click for more info

Res. Permits

-38%

YTD change vs. prior year

Last update Sep '09Sources and methods - click for more info
 

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Albuquerque 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.
9 Mos. 2009 1,175 -32% 0 30 124 154 -64% 1,329 -38%
2009 3Q 429 -1% 0 3 36 39 -66% 468 -15%
2Q 477 -27% 0 9 30 39 -75% 516 -36%
1Q 269 -58% 0 18 58 76 -53% 345 -57%
2008 4Q 304 -42% 0 7 84 91 -50% 395 -44%
3Q 434 -46% 2 9 103 114 -9% 548 -41%
Last update Sep '09Sources and methods - click for more info
 

Market Hotness Trend

12 mos. permits per 1,000 residents

Sep '09

2.0

Last update Sep '09Sources and methods - click for more info

Density Information

Calculated per square mile

Q2 '09Q2 '08Chg.
Population94.3292.332.2%
Housing Unit58.8338.2853.7%
Market Density Index (MDI)
Total Permits0.190.32-40.6%
SF Permits0.160.24-33.3%
MF Permits0.030.08-62.5%
Last update Sep '09Sources and methods - click for more info

Existing Housing Stock

349,614

Albuquerque, NM

Last update Sep '09Sources and methods - click for more info

Population

Based on Census Bureau estimates

Sep '09

876,047

Last update Sep '09Sources and methods - click for more info

Construction Trends

Share of permits by dwelling type

9 Months '09Share
Single-Family88%
Multifamily12%
2004-2008Avg.Share
Single-Family88%
Multifamily12%
Last update Sep '09Sources and methods - click for more info
 

Albuquerque 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 382.7 -15.1 -3.9% 0.6 0.2%
Construction 24.0 -4.1 -17.1% -2.2 -7.8%
Manufacturing 18.4 -4.0 -21.7% -1.2 -5.4%
Trade 53.1 -4.4 -8.3% -0.2 -0.3%
Information 9.2 -0.5 -5.4% 0.6 6.2%
Financial Activities 18.2 -0.6 -3.3% -0.4 -2.1%
Services 166.2 -2.1 -1.3% 2.4 1.4%
Government 83.5 1.1 1.3% 2.0 2.4%
Unemployed at end of period (rate) 18.5 4.5% 13.7 3.4%
Last update Sep '09Sources and methods - click for more info