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 May 2011) |
-- |
-- |
3.9% |
| For the United States (As of June 2011) |
-- |
-- |
3.6% |
| Core CPI-U (excludes food and energy) |
-- |
-- |
1.6% |
(As of June 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 June 2011) |
4.8% |
4.5% |
4.8% |
| Virginia (As of June 2011) |
6.0% |
6.0% |
6.9% |
| United States (As of June 2011) |
9.2% |
9.1% |
9.5% |
| (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 |
13.0% |
12.1% |
12.1% |
| Northern Virginia |
12.7% |
12.6% |
12.8% |
| Washington DC Metro Area |
11.5% |
11.3% |
12.0% |
(As of 2nd quarter 2011) (Source: CoStar) |
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Current Year |
Prior Year |
Change on
Previous Year |
New Business Licenses
3 month trailing average |
61 |
56 |
7.7% |
(As of June 2011) (Source: Finance Department) |
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New Commercial Construction (excluding apartment buildings) and Building Renovations
(Fiscal YTD as of June 2011) |
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| Number of New Building Permits |
5 |
4 |
25.0% |
Value of New Building Permits ($ millions) |
$22.4 |
$22.9 |
-2.2% |
| (Source: Office of Code Enforcement) |
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New Multi-Family Construction (including apartment and condominium buildings) (Fiscal YTD ending June 2011) |
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| Number of New Building Permits |
58 |
121 |
-52.1% |
Value of New Building Permits ($ millions) |
$40.0 |
$25.2 |
58.7% |
| (Source: Office of Code Enforcement) |
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| Residential Real Estate Indicators(Calendar YTD ending June 2011) |
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| Residential Dwelling Units Sold |
886 |
913 |
-3.0% |
| Average Residential Sales Price |
$540,558 |
$434,692 |
24.4% |
| (Source: Department of Real Estate Assessments) |
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Foreclosures
3 month trailing Average |
15 |
27 |
-44.4% |
(As of June 2011) (Source: Department of Real Estate Assessments) |