Selected Economic Indicators for December 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 (As of Nov. 2009)
|
-- |
-- |
1.6%
|
| For the United States (As of Dec. 2009) |
-- |
-- |
2.7% |
| Core CPI-U (excludes food and energy) |
-- |
-- |
1.8% |
(As of Dec. 2009)
(Source: Published bi-monthly by United States Department of Labor, Bureau of Labor Statistics)
|
|
|
|
|
Unemployment Rates
|
|
|
|
Alexandria (As of Nov. 2009)
|
4.5%
|
3.1%
|
--
|
Virginia (As of Dec. 2009)
|
6.9%
|
5.0%
|
--
|
United States (As of Dec. 2009)
|
10.0%
|
7.1%
|
--
|
(Source: United States Department of Labor, Bureau of Labor Statistics)
|
|
|
|
|
Office Vacancy Rates
|
|
|
|
Alexandria
|
16.3%
|
8.0%
|
-- |
Northern Virginia
|
16.3%
|
14.6%
|
--
|
Washington DC Metro Area
|
15.4%
|
12.5%
|
--
|
(As of 4th quarter 2009)
(Source: Grubb & Ellis)
|
|
|
|
|
|
|
|
New Business Licenses
3 month trailing average
|
67 |
71 |
-5.6% |
(As of Dec. 2009)
(Source: Finance Department, Business Tax Branch) |
| |
|
|
|
New Commercial Construction
(Fiscal YTD as of Nov. 2009)
|
|
|
|
Number of New Building Permits
|
2 |
4
|
-50.0%
|
Value of New Building Permits
|
10.6
|
58
|
-81.7%
|
(Source: Office of Code Enforcement)
|
|
|
|
|
Residential Real Estate Indicators(YTD ending December 2009)
|
|
|
|
Residential Dwelling Units Sold
|
1,902
|
1,768
|
7.6%
|
Average Residential Sales Price
|
$438,766
|
$463,527
|
-5.3%
|
| (Source: Department of Real Estate Assessments) |
|
|
|
|
Foreclosures
3 month trailing Average |
24 |
31 |
-22.6% |
(As of December 2009)
(Source: Department of Real Estate Assessments) |
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