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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Providence-New Bedford-Fall River, RI-MA View area description and map

 

Market Hotness

0.8

12 mos. permits per 1,000 residents

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

Job Growth

-4.9%

Annual rate last 4 quarters

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

Res. Permits

-22%

YTD change vs. prior year

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

Providence 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 701 -25% 60 28 116 204 -8% 905 -22%
2009 3Q 290 -8% 10 10 25 45 -39% 335 -14%
2Q 260 -30% 44 3 44 91 +25% 351 -21%
1Q 151 -40% 6 15 47 68 -8% 219 -33%
2008 4Q 305 -33% 8 0 39 47 -51% 352 -36%
3Q 314 -41% 20 13 41 74 +0% 388 -36%
Annuals                  
2008 1,232 -45% 104 46 93 243 -71% 1,475 -52%
2007 2,241 -21% 200 146 498 844 -1% 3,085 -16%
2006 2,831 -10% 360 153 341 854 -41% 3,685 -20%
Last update Sep '09Sources and methods - click for more info
 

Market Hotness Trend

12 mos. permits per 1,000 residents

Sep '09

0.8

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

Density Information

Calculated per square mile

Q2 '09Q2 '08Chg.
Population995.05997.20-0.2%
Housing Unit423.67422.910.2%
Market Density Index (MDI)
Total Permits0.761.27-40.2%
SF Permits0.620.96-35.4%
MF Permits0.140.31-54.8%
Last update Sep '09Sources and methods - click for more info

Existing Housing Stock

678,297

Providence, RI

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

Population

Based on Census Bureau estimates

Sep '09

1,593,068

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

Construction Trends

Share of permits by dwelling type

9 Months '09Share
Single-Family77%
Multifamily23%
2004-2008Avg.Share
Single-Family76%
Multifamily24%
Last update Sep '09Sources and methods - click for more info
 

Providence 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 545.8 -26.7 -4.9% -12.9 -2.3%
Construction 22.4 -4.4 -19.6% -2.1 -7.8%
Manufacturing 54.1 -6.5 -12.0% -4.8 -7.9%
Trade 81.1 -4.7 -5.8% -2.6 -3.0%
Information 10.7 -1.0 -9.3% 0.2 1.7%
Financial Activities 35.1 -1.3 -3.7% -1.2 -3.3%
Services 259.2 -6.4 -2.5% -1.0 -0.4%
Government 70.0 -1.9 -2.7% -1.3 -1.8%
Unemployed at end of period (rate) 55.4 7.9% 35.5 5.0%
Last update Sep '09Sources and methods - click for more info