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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Springfield, MA View area description and map

 

Market Hotness

0.9

12 mos. permits per 1,000 residents

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

Job Growth

-4.1%

Annual rate last 4 quarters

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

Res. Permits

27%

YTD change vs. prior year

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

Springfield 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 42 +17% 14 0 5 19 +138% 61 +39%
2009 4Q 98 +56% 4 0 7 11 -8% 109 +45%
3Q 74 -24% 8 0 0 8 -64% 82 -32%
2Q 92 -14% 12 0 0 12 -91% 104 -56%
1Q 36 -46% 8 0 0 8 -67% 44 -52%
Annuals                  
2009 300 -3% 32 0 7 39 -79% 339 -32%
2008 335 -65% 36 16 136 188 -3% 523 -55%
2007 543 -54% 76 3 55 134 -69% 677 -58%
Period ending Mar '10Sources and methods - click for more info
 

Market Hotness Trend

12 mos. permits per 1,000 residents

Mar '10

0.9

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

Density Information

Calculated per square mile

Q1 '10Q1 '09Chg.
Population371.99371.520.1%
Housing Unit154.17154.160.0%
Market Density Index (MDI)
Total Permits0.350.2445.8%
SF Permits0.290.1593.3%
MF Permits0.060.09-33.3%
Period ending Mar '10Sources and methods - click for more info

Existing Housing Stock

285,115

Springfield, MA

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

Population

Based on Census Bureau estimates

Mar '10

687,958

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

Construction Trends

Share of permits by dwelling type

3 Months '10Share
Single-Family69%
Multifamily31%
2005-2009Avg.Share
Single-Family77%
Multifamily23%
Period ending Mar '10Sources and methods - click for more info
 

Springfield 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 275.3 -11.4 -4.1% -9.2 -3.2%
Construction 7.2 -0.8 -11.1% -1.2 -15.0%
Manufacturing 29.7 -3.3 -11.1% -3.3 -10.0%
Trade 42.2 -1.7 -4.0% -2.2 -5.0%
Information 3.9 -0.3 -7.7% -0.3 -7.1%
Financial Activities 16.4 -0.6 -3.7% -0.6 -3.5%
Services 114.1 -2.6 -2.3% -1.1 -0.9%
Government 49.9 -1.2 -2.4% 0.0 0.0%
Unemployed at end of period (rate) 30.0 8.6% 19.1 5.5%
Period ending Mar '10Sources and methods - click for more info