Indicates MSA includes part of more than one state or region. MSA includes part of more than one state or region.

Check out the Builder 100!

Wilmington, NC View area description and map

 

Market Hotness

5.2

12 mos. permits per 1,000 residents

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

Job Growth

-3.6%

Annual rate last 4 quarters

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

Res. Permits

-55%

YTD change vs. prior year

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

Local News from BUILDER

  • Cooperative, Cape Fear examples of why regulations needed

    Jan. 14--To devout capitalists, market-driven regulation sounds like Adam Smith's version of heaven.

     
  • 09BestMarketsSeattle.jpg(90)

    The Healthiest Housing Markets for 2009

    Builder, in conjunction with Hanley Wood Market Intelligence, debuts its metric for determining markets with the best and least potential.

     

  • Leon N. Weiner, Builder and Developer, Dies at 82

    Mr. Weiner, a 53-year veteran of the housing industry, was a hands-on executive who remained active in his business, Leon N. Weiner & Associates, Inc., of Wilmington, until becoming ill in late October.He was inducted into the National Association of Home Builders Housing Hall of Fame in 1979."Leon Weiner was the living embodiment of the effort to achieve the goal of 'a decent home and a suitable living environment for every American family' as set forth in the Housing Act of 1949," said Gary Garczynski, president of the National Association of Home Builders and a builder/developer from Woodbridge, Va.

     
Subscribe
 

2008 Local Leaders

Wilmington, N.C.

  • Market Rank: 50
  • Total Permits: 3,551
Rank Parent Company/Company Closings Market Share
1 Pyramid Homes 113 3.2%
2 D.R. Horton 93 2.6%
3 Bill Clark Homes 84 2.4%
4 Everett Builders 83 2.3%
5 Stevens Building Co. 73 2.1%
6 Centex Homes 67 1.9%
7 Sellars Cove LLC 55 1.5%
8 Ashley Turner Building 52 1.5%
9 Exton Park LLC 41 1.2%
10 H&S Builders 38 1.1%
Top 10 Total Market Share 699 19.68%

Wilmington data courtesy of MORE
*Estimated

 

Wilmington 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 1,164 -56% 2 4 315 321 -48% 1,485 -55%
2009 3Q 471 -32% 0 0 58 58 -52% 529 -35%
2Q 415 -55% 0 0 199 199 +34% 614 -43%
1Q 278 -73% 2 4 58 64 -82% 342 -76%
2008 4Q 436 -47% 4 0 65 69 +6% 505 -43%
3Q 694 -28% 2 0 119 121 -57% 815 -34%
Annuals                  
2008 2,991 -38% 20 12 659 691 -43% 3,682 -39%
2007 4,805 -19% 70 11 1,142 1,223 +47% 6,028 -11%
2006 5,961 -21% 32 32 768 832 -45% 6,793 -25%
Last update Sep '09Sources and methods - click for more info
 

Market Hotness Trend

12 mos. permits per 1,000 residents

Sep '09

5.2

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

Density Information

Calculated per square mile

Q2 '09Q2 '08Chg.
Population189.34183.463.2%
Housing Unit104.37103.390.9%
Market Density Index (MDI)
Total Permits0.982.45-60.0%
SF Permits0.782.07-62.3%
MF Permits0.200.38-47.4%
Last update Sep '09Sources and methods - click for more info

Existing Housing Stock

200,852

Wilmington, NC

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

Population

Based on Census Bureau estimates

Sep '09

364,361

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

Construction Trends

Share of permits by dwelling type

9 Months '09Share
Single-Family78%
Multifamily22%
2004-2008Avg.Share
Single-Family83%
Multifamily17%
Last update Sep '09Sources and methods - click for more info
 

Wilmington 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 141.8 -5.1 -3.6% -2.9 -2.0%
Construction 9.0 -1.9 -21.1% -2.1 -19.3%
Manufacturing 8.8 -0.7 -8.0% 0.3 3.2%
Trade 24.4 -1.1 -4.5% -0.7 -2.7%
Information 3.0 -0.1 -3.3% -0.1 -3.2%
Financial Activities 6.8 -0.4 -5.9% -0.2 -2.8%
Services 59.5 -0.3 -0.5% -0.7 -1.2%
Government 26.5 -0.3 -1.1% 0.7 2.6%
Unemployed at end of period (rate) 10.5 5.8% 6.7 3.8%
Last update Sep '09Sources and methods - click for more info