Selected Economic Indicators for December 2010

Current Year

Prior Year

Change on
Previous Year

Consumer Price Index (CPI-U)
for the Washington‑Baltimore,
DC‑MD‑VA‑WV Area (As of November 2010)

1.6%

1.5% 

0.8%

(As of December 2010)
(Source: Published bi-monthly by United States Department of Labor, Bureau of Labor Statistics)

Unemployment Rates  

Alexandria (As of November 2010)

  4.6%

4.4%

 4.5%

Virginia (As of December 2010)

  6.7%

6.7%

  6.8%

United States (As of December 2010)

   9.4%

 9.8%

10.0%

(Source: United States Department of Labor, Bureau of Labor Statistics)

Office Vacancy Rates 

  Alexandria

10.9%

  10.9%

  Northern Virginia

12.4%

 12.5%

12.7%

  Washington DC Metro Area

11.3%

 11.5%

12.5%

(As of 4th quarter 2010)
(Source: CoStar)

New Business Licenses  
3 month trailing average

New Commercial Construction
(Fiscal YTD as of December 2010)

Number of New Building Permits

           2

    -50.0%

Value of New Building Permits 

$0.3

   $10.6

    -97.2%

(Source: Office of Code Enforcement)

Residential Real Estate Indicators(Calendar YTD ending December 2010)

Residential Dwelling Units Sold 

        1,856

          1,902

        -2.4%

Average Residential Sales Price 

$452,953

   $438,766

         3.2%