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Seattle-Tacoma-Bellevue, WA View area description and map

 

Market Hotness

2.3

12 mos. permits per 1,000 residents

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

Job Growth

-5.0%

Annual rate last 4 quarters

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

Res. Permits

-57%

YTD change vs. prior year

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

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2008 Local Leaders

Seattle/Tacoma/Bellevue, Wash.

  • Market Rank: 6
  • Total Permits: 15,389
Rank Parent Company/Company Closings Market Share
1 Weyerhaeuser Real Estate Co./Quadrant Homes 638 4.1%
2 D.R. Horton/Stafford Homes 310 2.0%
3 Polygon Northwest Co. 276 1.8%
4 Centex Homes 267 1.7%
5 Soundbuilt Homes 221 1.4%
6 Murray Franklyn Family of Cos. 209 1.4%
7 Harbour Homes 206 1.3%
8 Camwest Development 174 1.1%
9 Wasatch Management & Development 169 1.1%
10 Premier Communities 113 0.7%
Top 10 Total Market Share 2,583 16.78%

Seattle data courtesy of Hanley Wood Market Intelligence
*Estimated

 

Seattle 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 3,692 -34% 246 253 1,493 1,992 -74% 5,684 -57%
2009 3Q 1,458 -9% 66 45 431 542 -75% 2,000 -46%
2Q 1,289 -36% 98 162 200 460 -86% 1,749 -66%
1Q 945 -53% 82 46 862 990 -58% 1,935 -56%
2008 4Q 922 -55% 168 89 944 1,201 -59% 2,123 -57%
3Q 1,595 -44% 206 188 1,745 2,139 -46% 3,734 -45%
Annuals                  
2008 6,529 -48% 944 818 7,098 8,860 -32% 15,389 -40%
2007 12,516 -19% 1,262 1,265 10,521 13,048 +24% 25,564 -2%
2006 15,465 -15% 820 970 8,752 10,542 +32% 26,007 -1%
Last update Sep '09Sources and methods - click for more info
 

Market Hotness Trend

12 mos. permits per 1,000 residents

Sep '09

2.3

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

Density Information

Calculated per square mile

Q2 '09Q2 '08Chg.
Population579.82571.601.4%
Housing Unit242.30240.980.5%
Market Density Index (MDI)
Total Permits1.322.98-55.7%
SF Permits0.781.35-42.2%
MF Permits0.541.63-66.9%
Last update Sep '09Sources and methods - click for more info

Existing Housing Stock

1,428,138

Seattle, WA

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

Population

Based on Census Bureau estimates

Sep '09

3,417,473

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

Construction Trends

Share of permits by dwelling type

9 Months '09Share
Single-Family65%
Multifamily35%
2004-2008Avg.Share
Single-Family58%
Multifamily42%
Last update Sep '09Sources and methods - click for more info
 

Seattle 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 1683.8 -84.7 -5.0% 16.1 0.9%
Construction 105.3 -16.9 -16.0% -8.1 -6.6%
Manufacturing 173.7 -16.2 -9.3% -0.3 -0.2%
Trade 250.0 -12.3 -4.9% 0.3 0.1%
Information 85.5 -4.7 -5.5% 4.2 4.7%
Financial Activities 98.5 -2.6 -2.6% -2.6 -2.6%
Services 660.3 -21.6 -3.3% 14.9 2.2%
Government 248.9 -7.5 -3.0% 8.5 3.3%
Unemployed at end of period (rate) 90.8 4.9% 71.7 3.9%
Last update Sep '09Sources and methods - click for more info