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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New York-Northern New Jersey-Long Island, NY-NJ-PA View area description and map

 

Market Hotness

0.8

12 mos. permits per 1,000 residents

Period ending Mar '10Sources and methods - click for more info

Job Growth

N/A

Annual rate last 4 quarters

Period ending N/ASources and methods - click for more info

Res. Permits

-68%

YTD change vs. prior year

Period ending Mar '10Sources and methods - click for more info
 

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2009 Local Leaders

New York/Northern New Jersey/Long Island, N.Y./ N.J./Pa.

  • Market Rank: 3
  • Total Permits: 16,658
Rank Parent Company/Company Closings Market Share
1 Hovnanian Enterprises/K. Hovnanian Homes 556 4.9%
2 Toll Brothers 466 4.1%
3 The Related Cos. 309 2.7%
4 Pulte Homes/Del Webb/Centex Homes 281 2.5%
5 Lennar Corp. 259 2.3%
6 Extell Development Co. 178 1.6%
7 NYC Housing Partnership 141 1.2%
8 Park Hudson Tenants 136 1.2%
9 The Beechwood Organization 100 0.9%
10 NVR 95 0.8%
Top 10 Total Market Share 2,521 22.2%

Data courtesy of Hanley Wood Market Intelligence

 

New York 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.
2010 1Q 1,632 +35% 298 83 1,342 1,723 -44% 3,355 -22%
2009 4Q 1,908 +3% 230 116 2,041 2,387 -25% 4,295 -15%
3Q 1,717 -27% 256 229 1,505 1,990 -78% 3,707 -67%
2Q 1,660 -40% 320 207 2,181 2,708 -95% 4,368 -92%
1Q 1,209 -51% 272 122 2,695 3,089 -72% 4,298 -68%
Annuals                  
2009 6,494 -27% 1,078 674 8,422 10,174 -77% 16,668 -68%
2008 9,400 -25% 3,266 2,455 67,920 73,641 +68% 83,041 +47%
2007 12,123 -26% 4,584 4,710 33,777 43,071 -3% 55,194 -9%
Period ending Mar '10Sources and methods - click for more info
 

Market Hotness Trend

12 mos. permits per 1,000 residents

Mar '10

0.8

Period ending Mar '10Sources and methods - click for more info

Density Information

Calculated per square mile

Q1 '10Q1 '09Chg.
Population2834.252820.750.5%
Housing Unit1103.801103.940.0%
Market Density Index (MDI)
Total Permits2.346.48-63.9%
SF Permits1.031.15-10.4%
MF Permits1.325.33-75.2%
Period ending Mar '10Sources and methods - click for more info

Existing Housing Stock

7,424,035

New York, NY

Period ending Mar '10Sources and methods - click for more info

Population

Based on Census Bureau estimates

Mar '10

19,062,902

Period ending Mar '10Sources and methods - click for more info

Construction Trends

Share of permits by dwelling type

3 Months '10Share
Single-Family49%
Multifamily51%
2005-2009Avg.Share
Single-Family27%
Multifamily73%
Period ending Mar '10Sources and methods - click for more info
 

New York 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
N/A N/A N/A N/A N/A N/A
Unemployed at end of period (rate) 787.8 8.3% 440.0 4.7%
Period ending Mar '10Sources and methods - click for more info