MOBILE MARKET WATCH Mitchell College of Business Center for Real Estate Studies Mobile Residential Real Estate Markets Quarterly and Annual Building Permits By Reporting Jurisdictions Private Residential Units Winter, 2007 “Data you can use.” “Education you can use.” This report is available at http://cres.southalabama.edu/ USA takes reasonable measures to ensure the quality of the data and other information produced. However, USA makes no warranty, express or implied, nor assumes any legal liability or responsibility for the accuracy, correctness, or completeness of any information, nor represents that its use would not infringe on privately owned rights. Reference to any specific commercial product, process, or service does not constitute an endorsement, recommendation, or favoring by USA. Market Watch Mobile MSA (City+County) Residential Housing Market 2003-current Quarterly and Annual Housing Unit Building Permits Private Permits Only Sum of the six Mobile County jurisdictions (Citronelle, Dauphin Island Town, Mobile, Mobile County Unincorporated Area, Prichard, Saraland) quarter year Cost 2 Family Cost 3-4 Family Cost 5+ Family Total One Family number number $ number $ number $ number Annual 2007 2,064 1,624 278,628,184 2 170,907 0 0 438 2007 4 322 270 46,922,948 0 0 0 0 52 2007 3 449 389 65,112,063 0 0 0 0 60 2007 2 794 548 94,829,283 0 0 0 0 246 2007 1 499 417 71,763,890 2 170,907 0 0 80 Annual 2006 2,519 2,102 274,635,862 2 170,907 48 4,364,196 367 2006 4 775 479 77,727,633 0 0 0 0 296 2006 3 566 561 31,453,788 0 0 0 0 5 2006 2 558 508 81,748,971 2 170,907 48 4,364,196 0 2006 1 620 554 83,705,470 0 0 0 0 66 Annual 2005 2,120 1,798 200,400,501 0 0 0 0 322 Annual 2004 2,316 1,695 179,777,687 2 299,280 32 1,693,200 587 Annual 2003 1,625 1,606 155,028,005 2 88,118 4 408,000 13 Annual 2002 1,648 1,574 147,543,806 0 0 14 581,130 60 Citronelle quarter year Annual 2007 2007 4 2007 3 2007 2 2007 1 Annual 2006 2006 4 2006 3 2006 2 2006 1 Annual 2005 Annual 2004 Annual 2003 Annual 2002 Total number 22 4 12 1 5 13 3 5 2 3 17 12 19 0 One Family number 22 4 12 1 5 13 3 5 2 3 17 12 19 0 Cost $ 1,223,120 476,250 478,395 39,475 229,000 748,205 165,470 263,450 110,325 208,960 901,580 704,570 1,064,790 0 2 Family number 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Cost $ 0 0 0 0 0 0 0 0 0 0 0 0 0 0 3-4 Family number 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Cost $ 0 0 0 0 0 0 0 0 0 0 0 0 0 0 5+ Family number 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Cost $ 40,553,199 5,159,240 5,785,500 23,901,678 5,706,781 23,137,619 17,052,664 494,455 0 5,590,500 42,537,976 32,408,534 440,036 1,860,580 Cost $ 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Dauphin Island Town quarter year Annual 2007 2007 4 2007 3 2007 2 2007 1 Annual 2006 2006 4 2006 3 2006 2 2006 1 Annual 2005 Annual 2004 Annual 2003 Annual 2002 Mobile (City) quarter year Annual 2007 2007 4 2007 3 2007 2 2007 1 Annual 2006 2006 4 2006 3 2006 2 2006 1 Annual 2005 Annual 2004 Annual 2003 Annual 2002 Total number 15 2 6 7 0 11 2 9 0 0 211 61 59 33 One Family number 15 2 6 7 0 11 2 9 0 0 67 54 59 33 Cost $ 2,637,186 191,200 1,285,780 1,160,206 0 1,584,000 450,000 1,134,000 0 0 9,088,272 7,100,877 6,125,420 3,807,643 2 Family number 0 0 0 0 0 0 0 0 0 0 0 2 0 0 Cost $ 0 0 0 0 0 0 0 0 0 0 0 299,280 0 0 3-4 Family number 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Cost $ 0 0 0 0 0 0 0 0 0 0 0 0 0 0 5+ Family number 0 0 0 0 0 0 0 0 0 0 144 5 0 0 Cost $ 0 0 0 0 0 0 0 0 0 0 28,204,980 450,000 0 0 Total number 652 65 126 300 161 619 279 99 77 164 350 451 238 269 One Family number 266 65 66 54 81 361 87 99 77 98 212 191 234 245 Cost $ 57,533,576 14,125,114 12,242,760 11,817,993 19,347,709 69,400,280 16,029,998 21,465,793 14,265,013 17,639,476 55,493,848 42,870,284 35,278,917 32,761,320 2 Family number 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Cost $ 0 0 0 0 0 0 0 0 0 0 0 0 0 0 3-4 Family number 0 0 0 0 0 0 0 0 0 0 0 32 4 0 Cost $ 0 0 0 0 0 0 0 0 0 0 0 1,693,200 408,000 0 5+ Family number 386 0 60 246 80 258 192 0 0 66 138 228 0 24 Cost $ 35,393,959 0 5,785,500 23,901,678 5,706,781 12,358,500 6,768,000 0 0 5,590,500 13,082,996 16,355,000 0 761,500 County Unincorporated quarter year Annual 2007 2007 4 2007 3 2007 2 2007 1 Annual 2006 2006 4 2006 3 2006 2 2006 1 Annual 2005 Annual 2004 Annual 2003 Annual 2002 Prichard quarter year Annual 2007 2007 4 2007 3 2007 2 2007 1 Annual 2006 2006 4 2006 3 2006 2 2006 1 Annual 2005 Annual 2004 Annual 2003 Annual 2002 Total number 1,332 218 305 480 329 1,820 486 442 479 413 1,392 1,404 1,205 1,230 One Family number 1,278 166 305 480 327 1,661 382 437 429 413 1,392 1,250 1,195 1,222 Cost $ 211,415,203 27,814,595 51,105,128 80,938,418 51,557,062 194,619,328 59,992,372 6,863,017 67,373,633 60,390,306 114,453,250 100,906,056 94,082,529 97,832,071 2 Family number 2 0 0 0 2 2 0 0 2 0 0 0 2 0 Cost $ 170,907 0 0 0 170,907 170,907 0 0 170,907 0 0 0 88,118 0 3-4 Family number 0 0 0 0 0 48 0 0 48 0 0 0 0 8 Cost $ 0 0 0 0 0 4,364,196 0 0 4,364,196 0 0 0 0 253,200 5+ Family number 52 52 0 0 0 109 104 5 0 0 0 154 8 0 Cost $ 5,159,240 5,159,240 0 0 0 10,779,119 10,284,664 494,455 0 0 0 5,603,534 287,386 0 Total number 28 18 0 6 4 56 5 11 0 40 24 288 11 18 One Family number 28 18 0 6 4 56 5 11 0 40 24 88 11 12 Cost $ 3,524,099 2,020,789 0 873,191 630,119 8,284,049 1,089,793 1,727,528 0 5,466,728 3,668,825 8,984,848 1,046,763 1,321,400 2 Family number 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Cost $ 0 0 0 0 0 0 0 0 0 0 0 0 0 0 3-4 Family number 0 0 0 0 0 0 0 0 0 0 0 0 0 6 Cost $ 0 0 0 0 0 0 0 0 0 0 0 0 0 327,930 5+ Family number 0 0 0 0 0 0 0 0 0 0 0 200 0 0 Cost $ 0 0 0 0 0 0 0 0 0 0 0 10,000,000 0 0 Saraland quarter year Annual 2007 2007 4 2007 3 2007 2 2007 1 Annual 2006 2006 4 2006 3 2006 2 2006 1 Annual 2005 Annual 2004 Annual 2003 Annual 2002 Total number 15 15 0 0 0 0 0 0 0 0 126 100 93 98 One Family number 15 15 0 0 0 0 0 0 0 0 86 100 88 62 Cost $ 2,295,000 2,295,000 0 0 0 0 0 0 0 0 16,794,726 19,211,052 17,429,586 11,821,372 2 Family number 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Cost $ 0 0 0 0 0 0 0 0 0 0 0 0 0 0 3-4 Family number 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Notes: All data supplied by the U.S. Bureau of the Census;. Analysis done by the Mitchell College of Business Center for Real Estate Studies; For additional information, contact Don Epley, Director, 251.460.6736, depley@usouthal.edu Cost $ 0 0 0 0 0 0 0 0 0 0 0 0 0 0 5+ Family number 0 0 0 0 0 0 0 0 0 0 40 0 5 36 Cost $ 0 0 0 0 0 0 0 0 0 0 1,250,000 0 152,650 1,099,080