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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Portland-South Portland-Biddeford, ME View area description and map

 

Market Hotness

1.8

12 mos. permits per 1,000 residents

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

Job Growth

-2.5%

Annual rate last 4 quarters

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

Res. Permits

-18%

YTD change vs. prior year

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

Portland 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 660 -19% 16 49 11 76 -11% 736 -18%
2009 3Q 290 +6% 6 16 0 22 -35% 312 +1%
2Q 244 -25% 6 3 0 9 -78% 253 -31%
1Q 126 -40% 4 30 11 45 +350% 171 -23%
2008 4Q 163 -59% 4 10 36 50 -52% 213 -57%
3Q 274 -48% 20 4 10 34 -75% 308 -54%
Annuals                  
2008 973 -54% 44 15 46 105 -81% 1,078 -60%
2007 2,124 -23% 74 56 418 548 +21% 2,672 -17%
2006 2,750 -12% 156 70 226 452 -24% 3,202 -14%
Last update Sep '09Sources and methods - click for more info
 

Market Hotness Trend

12 mos. permits per 1,000 residents

Sep '09

1.8

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

Density Information

Calculated per square mile

Q2 '09Q2 '08Chg.
Population248.01247.400.2%
Housing Unit123.29122.850.4%
Market Density Index (MDI)
Total Permits0.440.83-47.0%
SF Permits0.400.70-42.9%
MF Permits0.050.13-61.5%
Last update Sep '09Sources and methods - click for more info

Existing Housing Stock

256,475

Portland, ME

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

Population

Based on Census Bureau estimates

Sep '09

515,930

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

Construction Trends

Share of permits by dwelling type

9 Months '09Share
Single-Family90%
Multifamily10%
2004-2008Avg.Share
Single-Family86%
Multifamily14%
Last update Sep '09Sources and methods - click for more info
 

Portland 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 191.2 -4.7 -2.5% -1.4 -0.7%
Construction 8.4 -1.5 -17.9% -0.3 -3.0%
Manufacturing 13.4 -1.0 -7.5% -0.1 -0.7%
Trade 32.3 -1.3 -4.0% -0.7 -2.1%
Information 4.8 0.0 0.0% 0.0 0.0%
Financial Activities 14.8 -0.2 -1.4% -0.5 -3.3%
Services 87.2 0.4 0.5% 1.4 1.6%
Government 23.9 -0.4 -1.7% -0.9 -3.7%
Unemployed at end of period (rate) 8.3 4.1% 7.0 3.4%
Last update Sep '09Sources and methods - click for more info