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Norwich-New London, CT View area description and map

 

Market Hotness

1.4

12 mos. permits per 1,000 residents

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

Job Growth

-1.9%

Annual rate last 4 quarters

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

Res. Permits

29%

YTD change vs. prior year

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

Norwich 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 49 +48% 0 0 8 8 -90% 57 -49%
2009 4Q 54 +10% 4 0 0 4 +0% 58 +9%
3Q 76 +4% 4 0 22 26 +73% 102 +16%
2Q 59 -33% 0 0 60 60 +445% 119 +20%
1Q 33 -58% 0 7 71 78 +1200% 111 +32%
Annuals                  
2009 222 -20% 8 7 153 168 +205% 390 +18%
2008 288 -50% 26 0 10 36 -75% 324 -55%
2007 521 -35% 20 16 117 153 -25% 674 -33%
Period ending Mar '10Sources and methods - click for more info
 

Market Hotness Trend

12 mos. permits per 1,000 residents

Mar '10

1.4

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

Density Information

Calculated per square mile

Q1 '10Q1 '09Chg.
Population397.98392.001.5%
Housing Unit175.85175.930.0%
Market Density Index (MDI)
Total Permits0.560.543.7%
SF Permits0.410.3517.1%
MF Permits0.150.19-21.1%
Period ending Mar '10Sources and methods - click for more info

Existing Housing Stock

117,101

Norwich, CT

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

Population

Based on Census Bureau estimates

Mar '10

265,015

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

Construction Trends

Share of permits by dwelling type

3 Months '10Share
Single-Family86%
Multifamily14%
2005-2009Avg.Share
Single-Family76%
Multifamily24%
Period ending Mar '10Sources and methods - click for more info
 

Norwich 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 128.5 -2.4 -1.9% -2.9 -2.2%
Construction 3.0 -0.3 -10.0% -1.1 -33.3%
Manufacturing 14.8 -0.6 -4.1% -0.5 -3.2%
Trade 17.1 0.2 1.2% -1.0 -5.9%
Information 1.7 -0.1 -5.9% -0.1 -5.6%
Financial Activities 3.1 0.0 0.0% -0.1 -3.2%
Services 46.0 0.0 0.0% -0.2 -0.4%
Government 37.8 -1.6 -4.2% -0.1 -0.3%
Unemployed at end of period (rate) 12.0 7.9% 7.5 5.0%
Period ending Mar '10Sources and methods - click for more info