Featured Market: Riverside-San Bernardino | John Burns Real Estate Consulting

Featured Market: Riverside-San Bernardino


The Riverside-San Bernardino market has plunged from one of the hottest markets in the country in 2004 to one of the most challenging markets today. The change in numbers is staggering:

Job Growth: From 60,800 payroll jobs added in 2004 to a loss of 26,000 jobs over the last 12 months

Single-Family Permits: From 43,000 in 2004 to 8,000 over the last 12 months

Resale Prices: From a median of $126,000 in 2000 to $386,000 in 2006 to $240,000 today

Notices of default are also skyrocketing, as shown below.

We believe this market will take many years to recover, for all of the reasons shown above.

This is the most current available data for all variables and markets.

Permits Statistics
Employment Statistics
Affordability
12-
12-
Total
NF Payroll Employment
State
Metro Area
Month
S. Fam. Permits
Month
Total Permits
Permits / Peak Permits
1-Yr Growth
1-Yr Growth Rate
Unemp Rate
Median Home Price
Housing Costs / Income
Housing Cycle Barometer
Alabama
Anniston-Oxford 199 405 86% 700 1.3% 5.7% $89,330 23% 2.8
Auburn-Opelika 978 1,173 53% 900 1.7% 5.1% $139,309 35% 2.8
Birmingham 3,234 4,500 58% 2,400 0.5% 4.9% $152,651 32% 3.3
Decatur 273 349 37% 200 0.3% 5.1% $99,626 24% 3.7
Dothan 352 352 47% 0.0% 5.1% $95,106 25% 2.9
Florence 303 519 66% 900 1.6% 6.2% $96,836 22% 0.5
Huntsville 2,533 3,609 72% 4,700 2.2% 4.2% $125,212 22% 0.6
Mobile 1,552 2,331 79% 2,500 1.4% 5.7% $130,030 33% 5.4
Montgomery 683 1,103 42% 900 0.5% 5.5% $138,113 30% 5.1
Tuscaloosa 686 1,633 62% 400 0.4% 5.0% $121,960 29% 0.4
Alaska
Anchorage 318 611 7% 1,700 1.0% 5.7% $210,662 30% 5.0
Arizona
Flagstaff 367 379 28% (700) (1.1%) 5.0% $228,740 43% 5.5
Phoenix 16,104 24,898 36% (28,300) (1.5%) 4.7% $191,325 31% 4.8
Prescott 943 1,036 23% (800) (1.2%) 5.1% $205,750 44% 5.0
Tucson 3,258 4,195 33% (11,500) (3.1%) 5.2% $205,000 39% 5.7
Yuma 855 935 35% 100 0.2% 20.0% $175,000 40% 5.7
Arkansas
Fayetteville 1,534 2,965 39% 2,400 1.2% 3.8% $117,351 22% 0.0
Fort Smith 587 825 63% 300 0.2% 4.8% $78,899 17% 0.2
Little Rock 2,182 3,363 59% 3,700 1.1% 4.2% $129,037 23% 3.2
California
Bakersfield 2,230 3,242 37% 3,700 1.6% 9.9% $175,000 32% 4.6
Chico 620 674 34% 1,400 1.9% 8.9% $233,000 45% 5.4
El Centro 297 405 18% (300) (0.7%) 23.3% $180,000 38% 3.8
Fresno 2,704 3,485 47% (400) (0.1%) 10.1% $200,000 41% 5.9
Hanford 314 324 24% 300 0.8% 9.9% $174,000 32% 5.7
Los Angeles 4,484 15,245 22% (15,100) (0.4%) 8.1% $405,000 65% 5.7
Madera 340 347 15% 500 1.4% 9.5% $193,000 47% 6.5
Merced 360 469 13% 700 1.2% 12.1% $150,000 30% 1.8
Modesto 763 1,083 17% (3,100) (1.9%) 11.3% $187,500 34% 3.3
Monterey 466 879 31% 1,200 0.9% 6.8% $315,000 47% 2.2
Napa 281 341 34% (1,900) (2.9%) 5.2% $425,000 57% 5.6
Oakland 2,463 5,257 23% (19,600) (1.9%) 6.7% $385,500 46% 3.0
Orange County 1,570 5,974 24% (29,900) (2.0%) 5.7% $515,000 62% 5.9
Redding 371 538 23% (200) (0.3%) 9.9% $225,000 44% 5.6
Riverside-San Bernardino 8,096 12,390 22% (26,000) (2.1%) 8.9% $240,000 37% 4.6
Sacramento 4,564 5,936 25% (10,500) (1.2%) 7.3% $237,000 35% 3.0
San Diego 2,337 6,024 14% (4,600) (0.4%) 6.4% $399,000 53% 4.4
San Francisco 749 3,897 58% 7,600 0.8% 5.4% $770,000 90% 6.9
San Jose 1,326 3,311 33% (1,400) (0.2%) 6.4% $617,500 65% 6.5
San Luis Obispo 761 1,030 29% (600) (0.6%) 6.2% $491,000 86% 7.6
Santa Barbara 313 342 13% 0.0% 5.5% $335,000 53% 4.2
Santa Cruz 373 707 50% 700 0.7% 6.4% $580,000 80% 6.2
Santa Rosa 690 893 15% 1,100 0.6% 6.1% $385,000 55% 5.2
Stockton 1,089 1,303 19% 800 0.4% 10.6% $215,000 34% 2.1
Vallejo-Fairfield 312 612 10% (2,100) (1.6%) 7.3% $275,000 36% 3.7
Ventura 522 1,243 17% (7,200) (2.4%) 6.7% $450,000 53% 5.2
Visalia-Porterville 1,668 2,038 57% (300) (0.3%) 10.9% $172,000 35% 5.2
Yuba-Sutter 331 397 13% (2,100) (5.1%) 12.0% $182,000 36% 3.5
Colorado
Boulder 297 602 12% 2,900 1.8% 4.6% $350,000 46% 6.4
Colorado Springs 2,003 2,431 22% 1,100 0.4% 6.1% $212,770 31% 5.2
Denver 5,213 10,905 38% 12,800 1.0% 5.3% $229,000 33% 5.1
Fort Collins 841 1,373 38% 2,500 1.8% 4.5% $220,000 30% 3.7
Grand Junction 887 975 48% 3,100 4.9% 4.2% $172,246 31% 4.3
Greeley 1,049 1,208 27% 2,500 3.1% 5.5% $172,000 26% 1.7
Pueblo 440 454 32% 400 0.7% 6.7% $93,231 20% 0.0
Connecticut
Bridgeport 913 1,677 32% 1,600 0.4% 5.6% $414,457 44% 0.0
Hartford 1,470 2,381 22% 7,400 1.3% 6.2% $227,248 30% 1.5
New Haven 685 1,062 15% 300 0.1% 6.4% $243,538 33% 1.7
Delaware
Dover 1,010 1,190 55% 300 0.5% 4.5% $188,699 35% 6.5
Wilmington 1,095 1,864 29% (400) (0.1%) 5.1% $212,657 32% 5.1
District of Columbia
Washington D.C. 8,256 14,083 37% 31,300 1.3% 4.2% $334,242 36% 5.4
Florida
Daytona Beach 1,133 1,538 19% (1,900) (1.1%) 7.0% $150,000 31% 5.0
Fort Lauderdale 1,131 2,591 13% (6,100) (0.8%) 5.8% $270,000 42% 5.9
Fort Myers 1,471 1,960 7% (9,400) (4.2%) 8.4% $160,000 27% 2.2
Fort Walton Beach 429 533 14% (1,600) (1.9%) 4.7% $190,260 30% 4.6
Gainesville 606 1,354 41% 2,200 1.7% 4.9% $171,931 39% 5.1
Jacksonville 5,650 8,101 32% (4,900) (0.8%) 6.3% $190,000 32% 6.0
Lakeland 2,836 3,869 29% (4,300) (2.0%) 7.3% $145,000 27% 5.1
Melbourne 1,429 2,242 23% (1,600) (0.8%) 6.9% $162,500 28% 5.3
Miami 1,729 4,681 18% (3,900) (0.4%) 5.4% $292,000 58% 7.5
Naples 692 1,256 15% (3,900) (3.1%) 7.7% $300,000 44% 5.2
Ocala 1,590 1,637 22% (1,400) (1.4%) 7.9% $143,000 29% 5.7
Orlando 7,068 13,793 38% 2,100 0.2% 6.1% $210,000 36% 6.1
Panama City 498 736 13% (2,300) (3.0%) 5.3% $189,021 35% 5.9
Pensacola 1,371 1,712 27% (900) (0.5%) 6.1% $149,476 27% 3.7
Port St. Lucie 1,271 1,631 15% (100) (0.1%) 8.6% $150,700 26% 3.3
Sarasota 1,817 2,222 15% (8,400) (2.9%) 6.9% $209,000 35% 5.7
Tallahassee 1,424 2,140 50% (600) (0.3%) 5.1% $162,570 34% 4.2
Tampa 5,687 9,577 25% (16,100) (1.3%) 6.6% $165,000 31% 5.3
West Palm Beach 1,650 2,734 12% (1,200) (0.2%) 6.9% $266,950 40% 5.4
Georgia
Albany 342 423 34% (300) (0.5%) 6.7% $94,598 22% 2.4
Athens 683 819 35% 1,500 1.8% 5.6% $135,201 27% 0.1
Atlanta 18,483 27,526 37% (5,300) (0.2%) 6.3% $152,583 21% 0.0
Augusta 2,117 2,528 46% 1,100 0.5% 6.7% $114,730 22% 2.2
Columbus 887 1,265 56% (200) (0.2%) 7.0% $108,958 20% 0.3
Dalton 328 445 41% (1,100) (1.4%) 7.1% $110,877 21% 0.4
Gainesville 623 632 24% 800 1.0% 5.4% $148,031 26% 2.2
Macon 739 1,072 55% (200) (0.2%) 6.6% $99,887 19% 0.2
Savannah 1,804 2,632 54% 500 0.3% 5.7% $144,589 26% 4.5
Valdosta 847 986 67% 100 0.2% 5.4% $109,046 26% 2.5
Warner Robins 791 996 47% 200 0.3% 5.4% $100,647 16% 0.2
Hawaii
Honolulu 758 1,647 33% 0.0% 3.9% $587,039 77% 5.5
Idaho
Boise City 2,882 3,706 32% (2,500) (0.9%) 4.1% $178,812 29% 4.8
Coeur D’Alene 765 986 37% 300 0.5% 3.8% $180,973 32% 4.7
Illinois
Bloomington 337 487 29% 600 0.7% 5.6% $145,787 26% 1.5
Champaign-Urbana 460 880 40% (700) (0.6%) 6.4% $141,493 28% 4.9
Chicago 8,518 19,806 45% (2,700) (0.1%) 7.5% $240,000 39% 6.2
Decatur 112 124 21% 300 0.5% 7.9% $75,222 16% 1.3
Lake-Kenosha 1,374 1,610 25% 2,200 0.5% 6.6% $254,062 32% 4.5
Peoria 877 1,091 56% 1,700 0.9% 6.0% $127,073 23% 5.9
Rockford 519 670 26% 0.0% 9.0% $114,536 22% 6.2
Springfield 385 663 43% 100 0.1% 6.5% $112,434 21% 3.0
Indiana
Bloomington 376 694 57% 600 0.8% 5.2% $123,266 26% 0.3
Elkhart-Goshen 442 511 31% (4,700) (3.6%) 9.3% $110,468 19% 0.4
Evansville 674 970 45% 0.0% 5.4% $93,550 19% 1.4
Fort Wayne 828 931 25% (1,900) (0.9%) 6.5% $91,447 17% 0.4
Gary 1,612 2,163 47% 2,100 0.8% 5.7% $126,669 21% 0.6
Indianapolis 5,470 7,481 44% 5,600 0.6% 5.1% $111,856 18% 0.2
Lafayette 531 548 30% 2,300 2.5% 5.2% $108,766 22% 0.2
Muncie 73 77 14% (300) (0.6%) 7.6% $77,627 18% 0.3
South Bend 544 770 39% (2,600) (1.8%) 7.2% $85,998 16% 0.2
Terre Haute 198 330 48% (1,200) (1.6%) 7.1% $78,184 17% 0.2
Iowa
Cedar Rapids 764 983 48% 1,100 0.8% 4.0% $130,602 23% 3.7
Davenport 555 973 64% 300 0.2% 5.1% $98,812 19% 2.0
Des Moines 2,301 3,022 48% 2,200 0.7% 3.5% $148,163 23% 2.7
Dubuque 234 271 31% 500 0.9% 3.8% $114,779 20% 0.4
Iowa City 658 706 42% 1,300 1.5% 3.2% $149,321 27% 0.4
Sioux City 223 260 22% (1,200) (1.6%) 3.7% $87,401 17% 0.4
Waterloo 377 401 48% 1,500 1.7% 3.7% $110,224 20% 5.0
Kansas
Topeka 530 778 57% 100 0.1% 5.3% $109,202 20% 3.8
Wichita 2,111 2,754 60% (1,700) (0.6%) 4.9% $115,270 20% 3.6
Kentucky
Bowling Green 439 510 37% 1,100 1.8% 6.3% $108,144 21% 0.4
Lexington 1,665 2,742 54% 1,400 0.6% 5.6% $137,320 25% 1.8
Louisville 3,171 4,158 47% 4,100 0.7% 6.3% $132,382 24% 2.9
Louisiana
Alexandria 520 528 56% (400) (0.6%) 4.5% $92,721 24% 3.7
Baton Rouge 3,090 4,788 53% 4,500 1.2% 4.4% $170,118 35% 5.6
Houma 719 740 62% 2,300 2.4% 2.7% $114,310 24% 4.6
Lafayette 1,045 1,367 27% 3,600 2.4% 3.1% $128,663 29% 5.0
Lake Charles 768 864 58% 800 0.9% 4.2% $105,124 23% 3.5
Monroe 285 354 29% 1,000 1.3% 4.8% $91,365 25% 2.7
New Orleans 3,540 5,629 42% 16,300 3.2% 4.1% $159,729 34% 5.2
Shreveport 1,155 1,726 56% 4,000 2.2% 5.3% $133,031 33% 5.4
Maine
Bangor 375 614 62% 0.0% 5.5% $125,508 27% 3.6
Portland 1,541 1,819 32% 100 0.0% 4.1% $224,026 36% 3.2
Maryland
Baltimore 3,526 5,725 29% 8,300 0.6% 4.9% $262,442 36% 8.0
Bethesda 1,721 2,534 21% 4,100 0.7% 3.5% $423,000 44% 7.1
Hagerstown 1,306 1,618 39% 500 0.5% 5.1% $180,490 29% 3.3
Salisbury 357 560 43% 200 0.4% 5.2% $149,906 29% 3.3
Massachusetts
Barnstable Town 578 775 16% (800) (0.7%) 4.3% $341,918 51% 2.6
Boston 1,520 4,288 41% 19,000 1.1% 4.6% $352,611 49% 5.2
Cambridge 1,402 2,590 35% 18,900 0.8% 4.8% $377,633 46% 4.0
Michigan
Ann Arbor 359 421 15% (700) (0.4%) 6.9% $177,097 26% 0.1
Battle Creek 92 114 18% (1,400) (2.4%) 8.8% $88,775 17% 0.2
Detroit 710 938 15% (13,100) (1.7%) 10.9% $88,973 18% 0.0
Flint 246 288 8% (8,600) (5.9%) 12.3% $93,556 19% 2.5
Grand Rapids 1,297 1,471 29% 0.0% 8.0% $103,451 18% 0.6
Holland 534 797 29% (1,000) (0.9%) 7.7% $144,886 22% 0.8
Jackson 156 296 29% (900) (1.6%) 9.7% $106,605 23% 5.4
Kalamazoo 622 978 40% (1,400) (1.0%) 7.8% $118,286 23% 2.2
Lansing 366 434 14% (3,200) (1.5%) 7.7% $92,965 17% 0.0
Muskegon 226 282 28% (200) (0.3%) 9.9% $93,302 20% 1.1
Niles 339 370 45% 300 0.5% 9.0% $123,677 24% 4.3
Saginaw 166 219 23% (2,500) (2.8%) 9.5% $62,506 14% 0.0
Warren 1,928 2,306 12% (23,600) (2.0%) 8.3% $154,975 22% 0.0
Minnesota
Duluth 679 858 50% 1,200 0.9% 6.5% $113,349 22% 6.3
Minneapolis 5,164 6,788 24% 500 0.0% 5.4% $230,000 31% 5.1
Rochester 515 628 31% 1,200 1.1% 4.5% $134,310 19% 1.2
St. Cloud 469 620 31% 900 0.9% 5.6% $135,151 23% 3.0
Mississippi
Gulfport-Biloxi 2,109 3,973 72% 1,900 1.7% 6.8% $135,739 30% 4.7
Hattiesburg 178 917 81% 300 0.5% 7.1% $97,057 25% 1.3
Jackson 2,348 2,391 53% 200 0.1% 7.0% $119,736 25% 1.7
Pascagoula 559 1,718 100% 2,000 3.5% 7.8% $111,899 23% 5.0
Missouri
Columbia 772 918 39% 900 1.0% 5.0% $128,251 26% 2.5
Jefferson City 178 191 17% 0.0% 5.6% $107,252 20% 3.0
Joplin 224 299 40% 900 1.1% 6.1% $84,793 21% 2.8
Kansas City 3,824 6,577 36% 100 0.0% 6.1% $141,326 22% 0.0
Springfield 1,293 2,899 57% 3,500 1.8% 5.3% $117,722 26% 3.3
St. Joseph 115 135 32% 400 0.7% 5.4% $88,400 18% 0.1
St. Louis 5,931 7,241 40% (6,200) (0.5%) 7.2% $187,500 33% 6.6
Montana
Billings 597 622 43% 1,400 1.7% 3.0% $138,920 24% 0.6
Missoula 397 555 49% (1,200) (2.0%) 3.5% $197,762 42% 5.3
Nebraska
Lincoln 774 953 35% 2,000 1.2% 3.3% $134,055 22% 2.9
Omaha 3,347 4,986 75% 2,300 0.5% 3.8% $133,262 22% 3.2
Nevada
Las Vegas 7,914 20,852 53% (3,000) (0.3%) 6.8% $215,000 34% 5.0
Reno 1,388 1,466 23% (4,200) (1.9%) 6.5% $248,500 39% 5.2
New Hampshire
Manchester 483 788 11% 0.0% 3.8% $198,856 23% 1.6
New Jersey
Atlantic City 827 939 24% 100 0.1% 6.7% $258,909 37% 5.1
Camden 2,055 2,932 35% 700 0.1% 5.9% $216,265 25% 2.9
Edison 3,328 6,290 26% (5,600) (0.5%) 5.4% $344,912 36% 4.9
Newark-Union 2,349 4,991 54% (2,900) (0.3%) 5.9% $397,102 43% 3.9
Trenton 295 805 22% (300) (0.1%) 5.5% $295,910 32% 4.4
Vineland 413 442 60% (1,700) (2.8%) 8.2% $154,221 25% 3.6
New Mexico
Albuquerque 2,448 3,180 36% 1,000 0.3% 4.7% $218,750 41% 5.7
Las Cruces 991 1,056 42% 800 1.2% 4.9% $121,324 28% 2.3
Santa Fe 176 176 14% (400) (0.6%) 3.9% $258,676 43% 3.8
New York
Albany 1,358 2,569 48% (600) (0.1%) 5.0% $194,722 31% 4.5
Binghamton 295 337 26% (300) (0.3%) 5.5% $114,523 21% 3.5
Buffalo 1,225 1,409 30% 1,600 0.3% 6.0% $101,567 20% 1.2
Glens Falls 391 444 28% (1,300) (2.2%) 4.9% $157,191 31% 4.5
Ithaca 162 296 45% 100 0.2% 4.6% $155,256 30% 3.4
Kingston 299 492 35% 300 0.5% 5.5% $236,770 39% 4.6
Nassau 2,461 3,636 32% 5,800 0.5% 5.0% $426,398 45% 6.9
New York 2,582 51,468 100% 31,900 0.6% 5.5% $467,283 72% 5.4
Poughkeepsie 1,000 1,719 33% 400 0.2% 5.4% $247,663 33% 3.3
Rochester 1,487 1,839 36% (3,500) (0.7%) 5.6% $113,306 20% 2.2
Syracuse 950 1,129 33% (1,300) (0.4%) 5.6% $117,275 23% 3.7
Utica-Rome 326 374 28% (1,200) (0.9%) 5.2% $109,845 23% 2.8
North Carolina
Asheville 2,386 2,933 68% 3,700 2.1% 5.4% $175,576 40% 6.1
Burlington 945 997 49% 400 0.7% 7.2% $114,869 26% 1.2
Charlotte 10,414 15,672 62% 24,900 3.0% 6.8% $172,000 32% 5.4
Durham 2,229 2,565 39% 7,300 2.6% 5.7% $175,860 35% 5.6
Fayetteville 1,660 2,181 50% 2,000 1.6% 7.1% $104,454 24% 2.4
Greensboro 2,742 3,978 62% 5,100 1.4% 7.2% $145,059 31% 4.9
Greenville 995 2,031 79% 1,900 2.5% 7.8% $107,762 25% 0.3
Hickory 1,160 1,205 50% (700) (0.4%) 8.6% $109,492 26% 3.9
Raleigh-Cary 9,628 15,528 88% 12,900 2.5% 5.4% $215,000 35% 5.7
Rocky Mount 641 657 64% 1,000 1.6% 9.5% $92,845 22% 0.3
Wilmington 4,171 4,943 54% 4,600 3.2% 6.0% $204,575 44% 6.4
Winston-Salem 2,725 2,769 62% 6,500 3.0% 6.6% $123,904 27% 1.8
North Dakota
Bismarck 646 963 88% 1,200 2.0% 2.6% $133,641 24% 4.8
Fargo 1,030 1,652 59% 1,500 1.3% 2.9% $136,421 26% 4.2
Grand Forks 211 257 38% 800 1.5% 3.8% $123,645 28% 5.2
Ohio
Akron 1,057 1,264 32% 600 0.2% 6.7% $128,500 23% 3.9
Canton 411 528 34% 500 0.3% 7.3% $91,562 17% 0.0
Cincinnati 3,922 5,484 35% (900) (0.1%) 6.4% $128,750 21% 0.7
Cleveland 2,838 3,247 41% (2,100) (0.2%) 7.2% $105,797 18% 0.0
Columbus 3,296 4,985 29% 7,100 0.8% 6.1% $154,300 25% 4.7
Dayton 1,329 1,492 36% (2,300) (0.6%) 7.7% $103,359 19% 0.0
Lima 142 147 29% 1,400 2.6% 8.6% $93,511 18% 1.3
Mansfield 95 150 25% (600) (1.0%) 8.2% $94,524 20% 2.0
Springfield 116 228 33% 200 0.4% 7.4% $96,581 17% 0.1
Toledo 942 1,520 37% (1,600) (0.5%) 8.9% $93,687 17% 0.3
Youngstown 469 639 34% 300 0.1% 7.8% $67,744 14% 0.0
Oklahoma
Oklahoma City 4,499 5,236 24% 8,700 1.6% 4.0% $134,100 25% 5.2
Tulsa 3,593 4,359 36% (400) (0.1%) 4.0% $119,691 23% 2.4
Oregon
Bend 932 1,102 25% 700 1.0% 6.2% $233,848 40% 6.3
Eugene 776 1,004 36% 100 0.1% 6.2% $213,423 42% 6.7
Medford 504 523 25% 0.0% 7.0% $204,684 43% 5.7
Portland 5,543 9,843 50% 2,900 0.3% 5.6% $276,500 43% 8.4
Salem 924 1,344 40% (600) (0.4%) 5.8% $189,000 33% 6.0
Pennsylvania
Allentown 2,040 2,181 40% (600) (0.2%) 5.7% $228,255 34% 5.4
Altoona 61 215 43% (200) (0.3%) 5.2% $98,614 18% 0.5
Erie 352 524 52% 800 0.6% 5.5% $102,053 21% 1.7
Harrisburg 2,003 2,165 58% 1,200 0.4% 4.7% $151,980 23% 3.0
Johnstown 122 138 37% (100) (0.2%) 6.8% $85,325 20% 3.5
Lancaster 1,213 1,507 42% 1,800 0.8% 4.3% $174,218 27% 3.6
Philadelphia 4,802 7,357 41% 1,400 0.1% 5.6% $216,048 31% 4.7
Pittsburgh 3,390 3,979 56% 4,300 0.4% 5.3% $118,521 22% 0.9
Reading 680 906 42% (2,200) (1.3%) 5.4% $155,146 26% 5.0
Scranton 1,035 1,153 53% 700 0.3% 6.3% $127,385 24% 3.6
State College 447 613 56% (100) (0.1%) 4.5% $159,766 31% 3.2
Williamsport 135 144 27% (100) (0.2%) 5.9% $113,800 24% 2.6
York 1,364 1,478 47% 600 0.3% 4.9% $168,533 25% 3.3
Rhode Island
Providence 1,660 2,046 17% (14,600) (2.5%) 7.9% $246,699 39% 3.6
South Carolina
Anderson 815 878 46% (500) (0.8%) 7.0% $104,997 23% 2.5
Charleston 4,324 5,434 50% 800 0.3% 6.0% $219,240 46% 6.4
Columbia 4,066 5,024 62% 400 0.1% 6.3% $135,000 26% 5.3
Florence 642 986 75% 700 0.8% 7.8% $96,556 23% 1.5
Greenville 3,105 4,300 75% 3,500 1.1% 6.0% $144,000 32% 6.2
Myrtle Beach 2,628 4,167 35% 2,500 1.9% 5.9% $190,836 44% 5.9
Spartanburg 1,264 1,264 46% 2,200 1.8% 7.5% $132,075 30% 6.5
South Dakota
Rapid City 592 611 44% 500 0.8% 2.5% $122,748 22% 2.3
Sioux Falls 1,228 2,053 82% 2,200 1.6% 2.4% $137,592 20% 0.1
Tennessee
Chattanooga 1,548 2,118 55% (300) (0.1%) 6.0% $125,291 25% 1.1
Clarksville 1,082 1,541 48% (500) (0.6%) 7.5% $99,868 20% 0.7
Jackson 361 367 33% 700 1.1% 6.9% $90,449 22% 0.4
Johnson City 763 1,202 84% 400 0.5% 6.4% $112,696 28% 1.7
Kingsport 846 1,042 68% 600 0.5% 6.4% $108,905 25% 0.4
Knoxville 2,889 3,646 57% 100 0.0% 5.8% $146,934 29% 2.7
Memphis 3,462 4,997 45% (4,600) (0.7%) 7.3% $110,743 22% 0.0
Nashville 7,123 9,363 51% 4,800 0.6% 5.8% $169,400 30% 5.7
Texas
Abilene 237 249 12% 700 1.1% 4.1% $113,300 24% 5.3
Amarillo 544 1,232 33% 200 0.2% 3.8% $123,100 25% 5.1
Austin 9,540 16,417 62% 15,800 2.1% 4.4% $191,400 31% 5.2
Beaumont 888 1,391 48% 2,600 1.6% 6.6% $138,600 28% 6.2
Brownsville 1,321 1,585 41% 200 0.2% 7.0% $96,400 28% 4.8
College Station 841 1,740 49% 2,900 3.4% 4.4% $154,500 35% 5.1
Corpus Christi 1,464 1,819 30% 2,500 1.4% 5.1% $146,800 33% 6.1
Dallas 14,749 29,353 40% 51,800 2.5% 5.0% $166,000 27% 5.0
El Paso 3,006 3,652 56% 9,100 3.4% 6.3% $142,800 34% 5.6
Fort Worth 8,480 12,774 33% 16,200 1.9% 5.0% $118,900 19% 4.8
Houston 33,924 52,363 70% 57,100 2.2% 4.9% $160,600 27% 5.4
Killeen 2,193 2,968 65% 1,700 1.4% 5.2% $125,099 26% 5.2
Laredo 879 1,112 46% 1,700 2.0% 5.8% $96,804 26% 1.4
Longview 254 323 20% 2,600 2.7% 4.6% $124,800 27% 5.2
Lubbock 885 1,646 40% (400) (0.3%) 4.3% $110,000 26% 5.0
McAllen 3,780 4,804 52% 9,300 4.6% 7.7% $101,300 27% 1.7
Midland 551 551 14% 1,600 2.4% 3.1% $121,765 22% 5.0
Odessa 261 515 24% 2,100 3.5% 3.7% $156,500 33% 6.1
San Antonio 6,862 11,523 52% 17,900 2.2% 4.8% $154,600 30% 5.4
Texarkana 151 239 28% 1,500 2.7% 4.6% $77,394 16% 0.0
Tyler 273 356 12% 1,100 1.2% 5.1% $133,600 26% 4.6
Waco 718 936 31% 2,000 1.8% 4.8% $116,200 27% 4.0
Wichita Falls 175 497 56% 2,000 3.2% 4.6% $103,500 24% 0.0
Utah
Ogden-Clearfield 1,942 2,443 48% 100 0.0% 3.7% $162,853 24% 2.6
Provo-Orem 1,777 2,330 36% (2,300) (1.2%) 3.6% $187,680 30% 3.2
Salt Lake City 2,395 4,353 35% 5,900 0.9% 3.5% $217,890 33% 5.3
St. George 1,020 1,070 28% (600) (1.1%) 4.5% $193,636 37% 3.6
Virginia
Charlottesville 914 1,013 38% 200 0.2% 3.9% $228,093 35% 4.7
Harrisonburg 793 1,372 100% 1,500 2.4% 4.3% $176,784 32% 3.8
Lynchburg 1,274 1,464 80% 2,600 2.4% 4.8% $139,512 27% 2.7
Richmond 4,648 5,616 49% 5,400 0.9% 4.7% $234,000 37% 5.8
Roanoke 839 914 47% 1,200 0.7% 4.4% $145,035 26% 2.8
Virginia Beach 3,844 5,430 23% 15,600 2.0% 4.6% $227,303 38% 6.5
Winchester 581 593 33% 1,000 1.7% 4.4% $178,714 30% 1.9
Washington
Bellingham 580 776 30% 1,600 1.9% 5.5% $248,292 45% 5.7
Bremerton 920 1,116 43% 200 0.2% 5.7% $257,000 36% 6.0
Kennewick 1,050 1,105 34% 3,100 3.4% 5.7% $161,919 26% 4.6
Olympia 1,367 1,681 53% 1,800 1.8% 5.6% $247,669 34% 6.7
Seattle 6,169 17,378 63% 33,100 2.3% 4.3% $410,000 50% 7.6
Spokane 1,471 1,843 42% 1,900 0.9% 6.0% $179,450 32% 6.0
Tacoma 2,375 3,339 49% 5,800 2.1% 6.3% $253,000 36% 6.1
Yakima 766 897 73% 1,300 1.7% 6.9% $161,101 31% 4.9
West Virginia
Charleston 331 461 55% 800 0.5% 3.4% $119,410 25% 1.5
Huntington 185 251 40% 1,100 0.9% 5.3% $87,813 20% 0.3
Morgantown 25 260 100% 1,600 2.7% 2.8% $124,625 27% 0.5
Parkersburg 175 223 51% (400) (0.5%) 5.1% $88,314 18% 0.3
Wheeling 43 45 15% 1,500 2.2% 5.2% $81,049 18% 0.5
Wisconsin
Appleton 545 627 29% (400) (0.3%) 4.5% $124,815 19% 1.7
Eau Claire 389 560 39% (300) (0.4%) 4.3% $117,461 21% 2.0
Green Bay 1,002 1,266 41% (1,100) (0.6%) 4.7% $142,945 22% 1.3
Janesville 303 377 29% (800) (1.1%) 6.4% $120,631 21% 4.5
La Crosse 371 546 64% (1,400) (1.9%) 4.3% $120,755 22% 1.9
Madison 1,105 2,189 36% 0.0% 3.6% $215,644 30% 4.7
Milwaukee 1,627 3,189 37% (3,700) (0.4%) 5.2% $206,765 32% 5.1
Oshkosh-Neenah 452 601 41% (300) (0.3%) 4.4% $118,071 19% 0.3
Racine 348 370 29% (900) (1.1%) 6.0% $149,040 23% 4.8
Sheboygan 147 324 44% (1,000) (1.5%) 5.0% $132,550 23% 4.9
Wausau 291 598 43% (1,000) (1.4%) 4.4% $121,397 19% 1.3
Wyoming
Cheyenne 235 245 28% 1,000 2.2% 3.9% $132,022 21% 0.0
Total Permits includes both single-family and multifamily residential permits.
Total Permits/Peak Permits is the current 12-month total permit activity divided by the peak 12-month period since 1982.
The Housing Costs/Income ratio assumes a 20% down payment paid over 7 years, and the remaining 80% amortized over 30 years at the current fixed rate.
For more information on our Housing Cycle Barometer™, click here

 


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