Selected Economic Indicators for November 2009
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|
Current Year
|
Prior Year
|
Percent Change
|
Consumer Price Index (CPI-U) for the Washington‑Baltimore,
DC‑MD‑VA‑WV Area
|
-- |
-- |
1.6%
|
| For the United States |
-- |
-- |
1.8% |
| Core CPI-U (excludes food and energy) |
-- |
-- |
1.7% |
(As of Nov. 30, 2009) (Source: Published bi-monthly by United States Department of Labor, Bureau of Labor Statistics)
|
|
|
|
|
Unemployment Rates
|
|
|
|
Alexandria (As of Oct. 31, 2009)
|
4.6%
|
3.0%
|
--
|
Virginia (As of Nov. 30, 2009)
|
6.6%
|
4.6%
|
--
|
United States (As of Nov. 30, 2009)
|
10.0%
|
6.8%
|
--
|
(Source: United States Department of Labor, Bureau of Labor Statistics)
|
|
|
|
|
Office Vacancy Rates
|
|
|
|
Alexandria
|
16.2%
|
7.0%
|
-- |
Northern Virginia
|
16.0%
|
13.3%
|
--
|
Washington DC Metro Area
|
14.9%
|
12.0%
|
--
|
(As of Sept. 30, 2009) (Source: Grubb & Ellis)
|
|
|
|
|
|
|
|
New Business Licenses
3 month trailing average
|
64 |
70 |
-8.6% |
(As of Nov. 30, 2009) (Source: Finance Department, Business Tax Branch) |
| |
|
|
|
New Commercial Construction
(Fiscal YTD as of Nov. 30, 2009)
|
|
|
|
Number of New Building Permits
|
2 |
3
|
-33.3%
|
Value of New Building Permits
|
10.6
|
24.3
|
-56.4%
|
(Source: Office of Code Enforcement)
|
|
|
|
|
Residential Real Estate Indicators(YTD ending Nov. 30, 2009)
|
|
|
|
Residential Dwelling Units Sold
|
1,790
|
1,636
|
9.4%
|
Average Residential Sale Price
|
$438,542
|
$462,417
|
-5.2%
|
| (Source: Department of Real Estate Assessments) |
|
|
|
|
Foreclosures
3 month trailing Average |
23 |
32 |
-28.1% |
(As of Nov. 30, 2009) (Source: Department of Real Estate Assessments) |