Indicates MSA includes part of more than one state or region. MSA includes part of more than one state or region.

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Phoenix-Mesa-Scottsdale, AZ 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

-8.7%

Annual rate last 4 quarters

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

Res. Permits

-54%

YTD change vs. prior year

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

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2008 Local Leaders

Phoenix/Mesa/Scottsdale, Ariz.

  • Market Rank: 5
  • Total Permits: 17,558
Rank Parent Company/Company Closings Market Share
1 D.R. Horton/Continental Series/Dietz-Crane Homes 3,406 19.4%
2 Pulte Homes/Del Webb 3,208 18.3%
3 M.D.C. Holdings/Richmond American Homes 1,085 6.2%
4 Centex Homes 995 5.7%
5 Taylor Wimpey/Taylor Morrison Homes/Morrison Homes/Taylor Woodrow Homes 966 5.5%
6 J.F. Shea Co./Shea Homes 926 5.3%
7 KB Home 664 3.8%
8 Meritage Corp./Monterey Homes 641 3.7%
9 Lennar Corp./Greystone Homes 617 3.5%
10 Standard Pacific Corp. 582 3.3%
Top 10 Total Market Share 13,090 74.54%

Phoenix data courtesy of Hanley Wood Market Intelligence
*Estimated

 

Phoenix 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 6,447 -37% 8 31 614 653 -88% 7,100 -54%
2009 3Q 2,673 -7% 0 9 52 61 -96% 2,734 -38%
2Q 2,703 -33% 0 15 0 15 -99% 2,718 -58%
1Q 1,071 -67% 8 7 562 577 -62% 1,648 -65%
2008 4Q 1,342 -55% 6 23 588 617 -70% 1,959 -61%
3Q 2,887 -46% 24 77 1,431 1,532 -31% 4,419 -42%
Annuals                  
2008 11,549 -60% 146 318 5,545 6,009 -45% 17,558 -56%
2007 28,939 -25% 102 1,010 9,756 10,868 +36% 39,807 -15%
2006 38,753 -36% 130 1,366 6,502 7,998 -4% 46,751 -32%
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.
Population308.94298.823.4%
Housing Unit116.03115.410.5%
Market Density Index (MDI)
Total Permits0.621.71-63.7%
SF Permits0.541.15-53.0%
MF Permits0.090.56-83.9%
Last update Sep '09Sources and methods - click for more info

Existing Housing Stock

1,690,819

Phoenix, AZ

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

Population

Based on Census Bureau estimates

Sep '09

4,502,046

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

Construction Trends

Share of permits by dwelling type

9 Months '09Share
Single-Family91%
Multifamily9%
2004-2008Avg.Share
Single-Family80%
Multifamily20%
Last update Sep '09Sources and methods - click for more info
 

Phoenix 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 1708.8 -148.5 -8.7% -65.0 -3.5%
Construction 102.3 -35.1 -34.3% -33.7 -24.5%
Manufacturing 120.1 -10.5 -8.7% -6.0 -4.6%
Trade 286.3 -23.8 -8.3% -13.9 -4.5%
Information 30.1 -1.7 -5.6% 0.8 2.5%
Financial Activities 137.9 -9.6 -7.0% -4.8 -3.3%
Services 730.5 -47.9 -6.6% -11.5 -1.5%
Government 238.3 -12.5 -5.2% 4.7 1.9%
Unemployed at end of period (rate) 120.1 5.6% 67.9 3.3%
Last update Sep '09Sources and methods - click for more info