Selected Economic Indicators for February 2010
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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 Jan. 2010)
|
-- |
-- |
2.6%
|
| For the United States (As of Feb. 2010) |
-- |
-- |
2.1% |
| Core CPI-U (excludes food and energy) |
-- |
-- |
1.3% |
(As of Feb. 2010)
(Source: Published bi-monthly by United States Department of Labor, Bureau of Labor Statistics)
|
|
|
|
|
| |
Current Year |
Prior Month |
Prior Year |
Unemployment Rates
|
|
|
|
Alexandria (As of Jan. 2010)
|
5.3%
|
4.8%
|
4.4%
|
Virginia (As of Feb. 2010)
|
7.2%
|
6.9%
|
5.2%
|
United States (As of Feb. 2010)
|
9.7%
|
9.7%
|
8.1%
|
(Source: United States Department of Labor, Bureau of Labor Statistics)
|
|
|
|
|
|
Current Year |
Prior Quarter |
Prior Year |
Office Vacancy Rates
|
|
|
|
Alexandria
|
16.3%
|
16.2%
|
8.0% |
Northern Virginia
|
16.3%
|
16.0%
|
14.6%
|
Washington DC Metro Area
|
15.4%
|
14.9%
|
12.5%
|
(As of 4th quarter 2009)
(Source: Grubb & Ellis)
|
|
|
|
|
|
|
|
| |
Current Year |
Prior Year |
Percent Change |
New Business Licenses
3 month trailing average
|
68 |
75 |
-9.3% |
(As of Feb. 2010)
(Source: Finance Department) |
| |
|
|
|
New Commercial Construction
(Fiscal YTD as of Feb. 2010)
|
|
|
|
Number of New Building Permits
|
4 |
4
|
0.0%
|
Value of New Building Permits
|
22.6
|
58
|
-61.0%
|
(Source: Office of Code Enforcement)
|
|
|
|
|
Residential Real Estate Indicators(YTD ending Feb. 2010)
|
|
|
|
Residential Dwelling Units Sold
|
204
|
183
|
11.5%
|
Average Residential Sales Price
|
$404,382
|
$390,740
|
3.5%
|
| (Source: Department of Real Estate Assessments) |
|
|
|
|
Foreclosures
3 month trailing Average |
23 |
29 |
-20.7% |
(As of February 2010)
(Source: Department of Real Estate Assessments) |
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City of Alexandria, VA
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