The number of permits issued for new privately owned residential construction is an excellent indicator of growth and economic vitality. After years of declining building permits that began in 2006, Pittsburgh’s trend has slowly improved. From 2011 to 2013, building permits increased by 1,649 units. In 2014, permits declined by 373, and then rose by... More
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New Building Permits – Benchmark Regions
Housing
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New Building Permits
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Housing Vacancy Rates
Vacancy rates in residential housing are a good barometer over time of the demand for shelter in a region. According to the Census, unoccupied housing units are considered vacant. Vacancy status is determined by the terms under which the unit may be occupied, e.g., for rent, for sale, or for seasonal use only. A housing... More
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Homeownership Rates
About 69.7 percent of Pittsburgh residents own their home, the largest homeownership rate among all benchmark regions. Outside the nation’s largest cities, a high percentage of owner-occupied housing is considered a measure of the stability and affluence of a region. More
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Housing Appreciation Rates
The Seattle metropolitan region led all other regions in the most recent 12-month period with an housing appreciation rate of 13.39 percent; Pittsburgh ranked last at 4.8 percent, below the benchmark average of 7.4 percent. Pittsburgh’s ten-year appreciation rate, however, was the fifth-highest of all benchmark regions at 22.95 percent. More
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Housing Segregation Index
Residential segregation is a measure of integration across local communities. Higher degrees of residential segregation result from the isolation of minority groups. Many measures of segregation are used. Here, Duncan’s Delta is reported for African American segregation in benchmark regions. Duncan’s Delta estimates the proportion of a group’s population that would have to move to... More
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Total Foreclosures
In September 2013, the foreclosure rate in the Pittsburgh Metropolitan Statistical Area fell to 4 percent, down 1.1 percentage points over the same period last year and slightly above the benchmark average of 3.9 percent. The percent of seriously delinquent loans also dropped 1.2 percentage points year-over-year to 6.7 percent in September 2013, below the... More
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New Building Permits – Pittsburgh Counties
Housing
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New Building Permits
The number of permits issued for new privately owned residential construction is an excellent indicator of growth and economic vitality. New building permits in Allegheny County began to rise in 2011 and peaked in 2015 with building permits for 2,957 total units. Since 2015, the number of permits have declined with 1,990 units approved in... More
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Age of Housing Units
The age of the housing in a region is one measure of the rate at which its population has been growing in relation to other areas. Pittsburgh has the oldest housing stock of our benchmark regions. More
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Age of Housing Units – Pittsburgh Counties
The age of the housing in a region is one measure of the rate at which its population has been growing in relation to other areas. More
