BLS QCEW employment change over Census BPS permitted units, the permits share of ACS ho…

{
  "address": "1 E Edenton St, Raleigh, NC 27601"
}

{
  "caveats": [
    "Reported inputs and a computed ratio only. Locus performs no comparison against any published benchmark and applies no label of its own."
  ],
  "componentStatus": [
    {
      "component": "census_bps_county",
      "status": "ok"
    }
  ],
  "employment": {
    "annualAvgEmployment": 665775,
    "basis": "place of work, UI-covered employment (BLS QCEW annual averages)",
    "netChange": 12622,
    "priorAnnualAvgEmployment": 653153,
    "priorYear": 2024,
    "year": 2025
  },
  "geo": {
    "county": "Wake County",
    "countyFips": "37183",
    "state": "NC"
  },
  "kind": "housing_supply_balance",
  "note": "Awareness/diagnostic only. Full briefs are x402-paid. Agents can discover live free tools at https://api.locus.report/tools/list and paid tools, prices, and manifests at https://api.locus.report/.well-known/ai-tool/index.json.",
  "ok": true,
  "permits": {
    "imputedShare": 0.004,
    "multifamilyUnits": 5628,
    "present": true,
    "reportedTotalUnits": 15180,
    "singleFamilyUnits": 9620,
    "totalUnits": 15248,
    "year": 2024
  },
  "point": {
    "latitude": 35.780418000003195,
    "longitude": -78.63910200000142
  },
  "provenance": {
    "employment": {
      "granularity": "county, calendar-year annual average, place of work, UI-covered employment",
      "source": "U.S. Bureau of Labor Statistics, Quarterly Census of Employment and Wages - annual averages, all ownerships, county total",
      "sourceUrl": "https://www.bls.gov/cew/"
    },
    "housingStock": {
      "granularity": "county, 5-year estimate",
      "source": "U.S. Census Bureau, American Community Survey 5-year, table B25001 (total housing units)",
      "sourceUrl": "https://data.census.gov/table/ACSDT5Y2023.B25001",
      "vintage": "ACSDT5Y2023"
    },
    "permits": {
      "granularity": "county aggregate, calendar year",
      "source": "U.S. Census Bureau, Building Permits Survey - annual county file (residential units authorized by building permit)",
      "sourceUrl": "https://www.census.gov/construction/bps/"
    }
  },
  "publishedBenchmarks": [
    {
      "label": "NAHB stated balanced band, jobs per total housing unit permitted",
      "note": "NAHB describes this as a historical observation and does not source it further. NAHB computes at metro (MSA) level.",
      "source": "NAHB Eye on Housing, June 2026",
      "url": "https://eyeonhousing.org/2026/06/structural-demand-outpacing-supply-jobs-to-permits-ratios-highlight-housing-gap/",
      "value": "1.25 to 1.50"
    }
  ],
  "publishedCritiques": [
    {
      "source": "MPF Research / National Apartment Association, 2015, 'Job Growth-to-Absorption: Doesn't Add Up'",
      "summary": "NAA / MPF Research measured this ratio family at -161 to +130 jobs per unit of demand across 50 apartment markets over 14 years and called its reliability 'surprisingly bad'.",
      "url": "https://www.naahq.org/news-publications/units/october-2015-issue/article/job-growth-absorption-doesnt-add"
    }
  ],
  "ratios": {
    "convention": "jobs in year N divided by housing units permitted in year N-1 (NAHB convention; the one-year lag reflects the time permitted units take to move through construction)",
    "jobsPerMultifamilyUnitPermitted": 2.24,
    "jobsPerTotalUnitPermitted": 0.83
  },
  "status": "ok",
  "supplyPipeline": {
    "note": "Permits authorized, not units delivered.",
    "totalHousingUnits": 481999,
    "unitsPermittedAsShareOfStockPct": 3.163
  },
  "verifyNext": [
    {
      "step": "Read the county's full permit history in the Census Building Permits Survey.",
      "url": "https://www.census.gov/construction/bps/"
    }
  ]
}