Selected Economic Indicators -- May 2012

Page updated on Jul 19, 2012 at 10:38 AM

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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 2012)
-- -- 1.8%
For the United States (As of May 2012) -- -- 1.7%
Core CPI-U (excludes food and energy) -- -- 2.3%
(As of May 2012)
(Source: Published bi-monthly by United States Department of Labor, Bureau of Labor Statistics)
       
  Current Month Prior Month Prior Year
Unemployment Rates      
Alexandria (As of May 2012) 4.2% 4.2% 4.5%
Virginia (As of June 2012) 5.6% 5.6% 6.0%
United States (As of June 2012) 8.2% 8.2% 9.2%
(Source: United States Department of Labor, Bureau of Labor Statistics)
       
  Current Quarter Prior Quarter Prior Year
Office Vacancy Rates      
Alexandria 14.4% 13.9% 12.1%
Northern Virginia 13.9% 13.3% 12.9%
Washington DC Metro Area 12.2% 11.7% 11.5%
(As of 1st quarter 2012)
(Source: CoStar)
     
       
  Current Year Prior Year Change on
Previous Year
New Business Licenses
3 month trailing average
72 68 5.9%
(As of June 2012)
(Source: Finance Department)
       
New Commercial Construction (excluding apartment buildings) and Building Renovations
(Fiscal YTD as of May 2012)
 
Number of New Building Permits 3 4 -25.0%
Value of New Building Permits
($ millions)
$30.1 $7.2 318.1%
(Source: Office of Code Administration)
       
New Multi-Family Construction (including apartment and condominium buildings)
(Fiscal YTD as of May 2012)
   
Number of New Building Permits 61 58 5.2%
Value of New Building Permits
($ millions)
$123.7 $40.0 209.3%
(Source: Office of Code Administration)
   
       
Residential Real Estate Indicators
(Calendar YTD ending May 2012)
     
Residential Dwelling Units Sold 758 686 10.5%
Median Residential Sales Price
(As of May 2012)
$531,000 $493,000 7.7%
(Source: Department of Real Estate Assessments)
       
Foreclosures
3 month trailing Average
67 57 17.5%
(As of May 2012)
(Source: Department of Real Estate Assessments)
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