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Raleigh-Cary, NC View area description and map

 

Market Hotness

4.2

12 mos. permits per 1,000 residents

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

Job Growth

-3.0%

Annual rate last 4 quarters

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

Res. Permits

-64%

YTD change vs. prior year

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

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2008 Local Leaders

Raleigh/Cary, N.C.

  • Market Rank: 13
  • Total Permits: 11,386
Rank Parent Company/Company Closings Market Share
1 Pulte Homes 700 6.1%
2 KB Home 527 4.6%
3 Centex Homes 514 4.5%
4 Atreus Homes & Communities 359 3.2%
5 Standard Pacific Corp./Westfield Homes 267 2.3%
6 Anderson Homes/Vanguard Homes 261 2.3%
7 Hovnanian Enterprises/Fortis Homes/Westminster Homes 260 2.3%
8 Beazer Homes USA 229 2.0%
9 D.R. Horton 187 1.6%
10 Lennar Corp. 181 1.6%
Top 10 Total Market Share 3,485 30.61%

Raleigh data courtesy of MORE
*Estimated

 

Raleigh 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 3,317 -43% 14 0 370 384 -91% 3,701 -64%
2009 3Q 1,324 -21% 8 0 0 8 -100% 1,332 -67%
2Q 1,189 -45% 0 0 360 360 -74% 1,549 -57%
1Q 804 -60% 6 0 10 16 -97% 820 -69%
2008 4Q 751 -68% 16 0 477 493 -7% 1,244 -57%
3Q 1,671 -49% 12 6 2,311 2,329 +89% 4,000 -12%
Annuals                  
2008 6,559 -49% 32 3 4,792 4,827 +25% 11,386 -31%
2007 12,764 -6% 50 142 3,658 3,850 -8% 16,614 -6%
2006 13,521 -3% 126 57 4,008 4,191 +548% 17,712 +21%
Last update Sep '09Sources and methods - click for more info
 

Market Hotness Trend

12 mos. permits per 1,000 residents

Sep '09

4.2

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

Density Information

Calculated per square mile

Q2 '09Q2 '08Chg.
Population549.22524.544.7%
Housing Unit208.36206.061.1%
Market Density Index (MDI)
Total Permits2.306.63-65.3%
SF Permits1.904.01-52.6%
MF Permits0.402.62-84.7%
Last update Sep '09Sources and methods - click for more info

Existing Housing Stock

440,846

Raleigh, NC

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

Population

Based on Census Bureau estimates

Sep '09

1,162,042

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-Family78%
Multifamily22%
Last update Sep '09Sources and methods - click for more info
 

Raleigh 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 506.4 -15.3 -3.0% 1.8 0.3%
Construction 29.1 -8.5 -29.2% -3.9 -10.4%
Manufacturing 29.0 -3.4 -11.7% -1.4 -4.3%
Trade 79.1 -1.1 -1.4% 0.2 0.2%
Information 16.5 -0.5 -3.0% 0.3 1.8%
Financial Activities 26.9 -0.6 -2.2% 0.1 0.4%
Services 220.6 -2.8 -1.3% 4.0 1.8%
Government 94.8 2.7 2.8% 2.8 3.0%
Unemployed at end of period (rate) 28.7 5.1% 19.2 3.5%
Last update Sep '09Sources and methods - click for more info