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

2.4

12 mos. permits per 1,000 residents

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

Job Growth

-3.4%

Annual rate last 4 quarters

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

Res. Permits

-47%

YTD change vs. prior year

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

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2009 Local Leaders

Phoenix/Mesa/Scottsdale, Ariz.

  • Market Rank: 5
  • Total Permits: 9,359
Rank Parent Company/Company Closings Market Share
1 Pulte Homes/Del Webb/Centex Homes 1,923 14.2%
2 D.R. Horton 1,169 8.6%
3 Fulton Homes 913 6.7%
4 Taylor Wimpey/Taylor Morrison 683 5.0%
5 J. F. Shea Co./Shea Homes 623 4.6%
6 M.D.C. Holdings/Richmond American Homes 555 4.1%
7 Meritage Homes/Monterey Homes 494 3.7%
8 KB Home 369 2.7%
9 Lennar Corp. 355 2.6%
10 Standard Pacific Corp. 303 2.2%
Top 10 Total Market Share 7,387 54.4%

Data courtesy of Hanley Wood Market Intelligence

 

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.
2010 1Q 2,476 +131% 4 19 359 382 -34% 2,858 +73%
2009 4Q 2,199 +64% 0 21 0 21 -97% 2,220 +13%
3Q 2,670 -8% 0 9 52 61 -96% 2,731 -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%
Annuals                  
2009 8,643 -25% 8 52 614 674 -89% 9,317 -47%
2008 11,521 -60% 146 339 5,555 6,040 -44% 17,561 -56%
2007 25,352 -35% 176 1,107 8,948 10,231 +28% 35,583 -24%
Period ending Mar '10Sources and methods - click for more info
 

Market Hotness Trend

12 mos. permits per 1,000 residents

Mar '10

2.4

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

Density Information

Calculated per square mile

Q1 '10Q1 '09Chg.
Population299.14291.852.5%
Housing Unit117.92117.840.1%
Market Density Index (MDI)
Total Permits0.720.99-27.3%
SF Permits0.690.647.8%
MF Permits0.030.35-91.4%
Period ending Mar '10Sources and methods - click for more info

Existing Housing Stock

1,718,404

Phoenix, AZ

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

Population

Based on Census Bureau estimates

Mar '10

4,359,211

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

Construction Trends

Share of permits by dwelling type

3 Months '10Share
Single-Family87%
Multifamily13%
2005-2009Avg.Share
Single-Family81%
Multifamily19%
Period ending Mar '10Sources 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 1701.8 -58.5 -3.4% -145.3 -8.3%
Construction 83.9 -18.9 -22.5% -45.9 -44.6%
Manufacturing 108.9 -8.4 -7.7% -14.3 -12.2%
Trade 296.1 1.3 0.4% -26.2 -8.9%
Information 27.2 -2.4 -8.8% -2.4 -8.1%
Financial Activities 134.2 -7.1 -5.3% -7.7 -5.4%
Services 745.7 -10.6 -1.4% -42.5 -5.6%
Government 242.2 -8.5 -3.5% -2.8 -1.1%
Unemployed at end of period (rate) 172.8 8.2% 85.2 4.1%
Period ending Mar '10Sources and methods - click for more info