Selected Economic Indicators for March 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 March 2010)
|
-- |
-- |
2.6%
|
| For the United States (As of March 2010) |
-- |
-- |
2.1% |
| Core CPI-U (excludes food and energy) |
-- |
-- |
1.1% |
(As of March 2010) (Source: Published bi-monthly by United States Department of Labor, Bureau of Labor Statistics)
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Current Year |
Prior Month |
Prior Year |
Unemployment Rates
|
|
|
|
Alexandria (As of Feb. 2010)
|
5.4%
|
5.4%
|
4.7%
|
Virginia (As of Mar. 2010)
|
7.4%
|
7.2%
|
6.1%
|
United States (As of Mar. 2010)
|
9.7%
|
9.7%
|
8.1%
|
(Source: United States Department of Labor, Bureau of Labor Statistics)
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| |
Current Year |
Prior Quarter |
Prior Year |
Office Vacancy Rates
|
|
|
|
Alexandria
|
17.6%
|
16.3%
|
14.3% |
Northern Virginia
|
16.6%
|
16.3%
|
15.2%
|
Washington DC Metro Area
|
15.7%
|
15.4%
|
13.5%
|
(As of 1st quarter 2010) (Source: Grubb & Ellis)
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Current Year |
Prior Year |
Percent Change |
New Business Licenses
3 month trailing average
|
80 |
82 |
-2.4% |
(As of Feb. 2010) (Source: Finance Department) |
| |
|
|
|
New Commercial Construction
(Fiscal YTD as of March 2010)
|
|
|
|
Number of New Building Permits
|
4 |
5
|
-20.0%
|
Value of New Building Permits
|
23.5
|
61.5
|
-61.8%
|
(Source: Office of Code Enforcement)
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Residential Real Estate Indicators(YTD ending March 2010)
|
|
|
|
Residential Dwelling Units Sold
|
352
|
331
|
6.3%
|
Average Residential Sales Price
|
$405,424
|
$407,924
|
-0.6%
|
| (Source: Department of Real Estate Assessments) |
|
|
|
|
Foreclosures
3 month trailing Average |
26 |
22 |
18.2% |
(As of March 2010) (Source: Department of Real Estate Assessments) |