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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Worcester, 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

-1.7%

Annual rate last 4 quarters

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

Res. Permits

7%

YTD change vs. prior year

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

Worcester 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 371 -8% 8 39 48 95 +197% 466 +7%
2009 3Q 166 +6% 4 3 25 32 +433% 198 +21%
2Q 148 -6% 2 3 6 11 -42% 159 -10%
1Q 57 -37% 2 33 17 52 +643% 109 +12%
2008 4Q 122 -51% 14 3 0 17 +70% 139 -46%
3Q 157 -46% 6 0 0 6 -75% 163 -49%
Annuals                  
2008 526 -68% 24 7 13 44 -65% 570 -68%
2007 1,660 -27% 26 30 71 127 -70% 1,787 -33%
2006 2,265 -22% 64 59 297 420 -3% 2,685 -19%
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.
Population519.05517.870.2%
Housing Unit209.58209.190.2%
Market Density Index (MDI)
Total Permits0.400.82-51.2%
SF Permits0.330.78-57.7%
MF Permits0.070.0475.0%
Last update Sep '09Sources and methods - click for more info

Existing Housing Stock

317,118

Worcester, MA

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

Population

Based on Census Bureau estimates

Sep '09

785,381

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

Construction Trends

Share of permits by dwelling type

9 Months '09Share
Single-Family80%
Multifamily20%
2004-2008Avg.Share
Single-Family89%
Multifamily11%
Last update Sep '09Sources and methods - click for more info
 

Worcester 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 243.6 -4.1 -1.7% -1.1 -0.4%
Construction 8.6 -1.0 -11.6% -0.9 -9.4%
Manufacturing 26.9 -1.4 -5.2% -0.5 -1.8%
Trade 36.3 -1.6 -4.4% 0.1 0.3%
Information 3.9 -0.1 -2.6% 0.1 2.5%
Financial Activities 13.1 -0.4 -3.1% 0.0 0.0%
Services 109.5 0.3 0.3% 0.2 0.2%
Government 37.4 0.2 0.5% 0.2 0.5%
Unemployed at end of period (rate) 17.3 6.0% 13.8 4.8%
Last update Sep '09Sources and methods - click for more info