Online Reference 1: Selected Economic Indicators
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Change on
Previous Year |
Consumer Price Index (CPI-U) for the Washington‑Baltimore,
DC‑MD‑VA‑WV Area (As of November 2011) |
-- |
-- |
3.3% |
| For the United States (As of December 2011) |
-- |
-- |
3.0% |
| Core CPI-U (excludes food and energy) |
-- |
-- |
2.2% |
(As of December 2011) (Source: Published bi-monthly by United States Department of Labor, Bureau of Labor Statistics) |
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Current Month |
Prior Month |
Prior Year |
| Unemployment Rates |
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| Alexandria (As of December 2011) |
4.6% |
4.3% |
4.4% |
| Virginia (As of December 2011) |
6.2% |
6.2% |
6.6% |
| United States (As of January 2012) |
8.3% |
8.5% |
9.4% |
| (Source: United States Department of Labor, Bureau of Labor Statistics) |
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Current Quarter |
Prior Quarter |
Prior Year |
| Office Vacancy Rates |
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| Alexandria |
13.5% |
13.6% |
11.6% |
| Northern Virginia |
13.1% |
12.9% |
12.6% |
| Washington DC Metro Area |
11.6% |
11.5% |
11.3% |
(As of 4th quarter 2011) (Source: CoStar) |
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Current Year |
Prior Year |
Change on
Previous Year |
New Business Licenses
3 month trailing average |
64 |
52 |
23.1%
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(As of January 2012) (Source: Finance Department) |
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New Commercial Construction (excluding apartment buildings) and Building Renovations
(Fiscal YTD as of December 2011) |
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| Number of New Building Permits |
2 |
1 |
100.0% |
Value of New Building Permits ($ millions) |
$17 |
$0.3 |
5466.7% |
| (Source: Office of Code Administration) |
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New Multi-Family Construction (including apartment and condominium buildings) (Fiscal YTD as of December 2011) |
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| Number of New Building Permits |
60 |
26 |
130.8% |
Value of New Building Permits ($ millions) |
$102.9 |
$39.9 |
157.9% |
(Source: Office of Code Administration)
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Residential Real Estate Indicators (Calendar YTD ending December 2011) |
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| Residential Dwelling Units Sold |
1,690 |
1,697 |
-0.4% |
Median Residential Sales Price (As of December 2011) |
$488,500 |
$417,600 |
17.0% |
| (Source: Department of Real Estate Assessments) |
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Foreclosures
3 month trailing Average |
14 |
20 |
-30.0% |
(As of December 2011) (Source: Department of Real Estate Assessments) |