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Charlotte-Gastonia-Concord, NC-SC View area description and map

 

Market Hotness

3.8

12 mos. permits per 1,000 residents

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

Job Growth

-5.8%

Annual rate last 4 quarters

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

Res. Permits

-49%

YTD change vs. prior year

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

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2008 Local Leaders

Charlotte/Gastonia/Concord, N.C./S.C.

  • Market Rank: 11
  • Total Permits: 12,231
Rank Parent Company/Company Closings Market Share
1 NVR/Ryan Homes 1,114 9.1%
2 Pulte Homes 822 6.7%
3 C.P. Morgan Communities 684 5.6%
4 KB Home 468 3.8%
5 D.R. Horton/Torrey Homes 466 3.8%
6 Centex Homes 431 3.5%
7 Pasquinelli/Portrait Homes 296 2.4%
8 Standard Pacific Corp./Westfield Homes 289 2.4%
9 The Ryland Group 276 2.3%
10 McCar Homes 252 2.1%
Top 10 Total Market Share 5,098 41.68%

Charlotte data courtesy of MORE
*Estimated

 

Charlotte 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 3,241 -54% 18 32 2,364 2,414 -39% 5,655 -49%
2009 3Q 1,257 -33% 14 0 723 737 -36% 1,994 -34%
2Q 1,243 -53% 0 28 817 845 -45% 2,088 -50%
1Q 741 -71% 4 4 824 832 -33% 1,573 -59%
2008 4Q 986 -60% 4 52 976 1,032 -24% 2,018 -47%
3Q 1,876 -47% 18 4 1,129 1,151 -10% 3,027 -37%
Annuals                  
2008 7,303 -54% 32 131 4,765 4,928 -7% 12,231 -42%
2007 15,902 -22% 30 104 5,154 5,288 +9% 21,190 -16%
2006 20,298 +6% 88 172 4,603 4,863 +74% 25,161 +14%
Last update Sep '09Sources and methods - click for more info
 

Market Hotness Trend

12 mos. permits per 1,000 residents

Sep '09

3.8

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

Density Information

Calculated per square mile

Q2 '09Q2 '08Chg.
Population585.37561.494.3%
Housing Unit234.50232.281.0%
Market Density Index (MDI)
Total Permits2.224.98-55.4%
SF Permits1.123.28-65.9%
MF Permits1.101.70-35.3%
Last update Sep '09Sources and methods - click for more info

Existing Housing Stock

726,571

Charlotte, NC

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

Population

Based on Census Bureau estimates

Sep '09

1,813,723

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

Construction Trends

Share of permits by dwelling type

9 Months '09Share
Single-Family57%
Multifamily43%
2004-2008Avg.Share
Single-Family77%
Multifamily23%
Last update Sep '09Sources and methods - click for more info
 

Charlotte 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 815.8 -47.5 -5.8% -4.3 -0.5%
Construction 44.2 -9.4 -21.3% -6.8 -12.7%
Manufacturing 70.3 -9.4 -13.4% -1.9 -2.4%
Trade 133.1 -8.0 -6.0% -3.1 -2.2%
Information 19.9 -1.1 -5.5% -1.2 -5.7%
Financial Activities 69.0 -4.9 -7.1% -2.9 -3.9%
Services 325.1 -15.5 -4.8% 4.2 1.2%
Government 122.6 4.6 3.8% 7.9 6.7%
Unemployed at end of period (rate) 58.2 6.7% 39.0 4.6%
Last update Sep '09Sources and methods - click for more info