Massachusetts Updated Businesses Database 01/07 v.1.0.0
343,603 Database Records
This business database is available for immediate download and contains updated business listings for all Massachusetts businesses that filed changes of demographic, location or contact information for the month of January 2007. Complete Massachusetts marketing information is available for each of the businesses in this website content database. This Massachusetts download database can be purchased as a single item using the links provided or you can subscribe to our Updated Businesses Database Service.The real estate industry in Massachusetts slowed during 2006, especially in metropolitan areas such as Boston. While the housing market experienced gains between 2004 and 2005, they remained unchanged during the first quarter of 2006. Despite this, it should be emphasized that housing depreciation was not even for all the cities and towns. While housing gains remained somewhat moderate in places such as Springfield, and they were much stronger in places such as Pittsfield. The sale of single family homes was decreased greatly during the second quarter of 2006.
Since the construction industry is directly related to the real estate market, it shouldn't come as a surprise that this industry also declined during 2006. While there was a bit of a peak during the first quarter of 2006, it fell dramatically during the second quarter. In contrast, the demand for office space is quite high, especially in the city of Boston. The technology sector has experienced a massive downturn, a large number of people have lost their jobs, especially in the Boston metropolitan area. The cost of office space in Massachusetts increased during 2006.
Office related businesses saw a decline in 2001, but they saw improvements during 2006. Despite this, statistics indicate that office jobs will not become fully prominent until after 2011. The industrial sector has continued to see growth in this state, and this has helped the vacancy rate in many properties. The banking industry in Massachusetts reported solid earnings throughout 2006. The capital ratio for this state in 2006 was 9.5 percent, which is very high. Some of the loans which remained very popular are those which are related to commercial real estate. The number of past due loans in this state remained quite low.
The manufacturing industry continued to remain low in 2006. In fact, the manufacturing industry was at a -0.4%. The industry with the highest rate of growth was the goods/production industry, which sat at 2.3%. The unemployment rate for Massachusetts is much higher than other states, sitting at 5.5%. Like many other states within the U.S, the real estate market has slowed. Government related jobs are positive, but are much lower than many other states. It will be a few years before the office space market in this state sees dramatic improvements. The number of construction permits for single family units was a -17.5%. The sale of existing homes was higher than 12 percent.
Overall, Massachusetts saw a high rate of business growth during 2006, but many industries suffered. Some of the most prominent are real estate and manufacturing. Technology related jobs also experienced a decline, with a sizable number of job losses occurring in major cities. Since many technology related jobs have high salaries, losses in this sector can have a tremendous impact on the state as a whole. While an unemployment rate of 5% may be lower than the national average, it is still higher than many states, and it can be a sign of instability in various sectors.
