Market Indicators, December 2013

Market indicators are updated monthly. They include the most recently available data. Expanded statistics are available in print editions of The Bellingham Business Journal.

Jobs: Employment numbers pick up; bankruptcies rise

Unemployment rate
Includes non-seasonally adjusted figures in Whatcom County

October 2013: 6.1 percent
Yearly change: 0.4 percent decrease
Monthly change: 0.1 percent decrease

Source: Washington State Employment Security Department

Jobless benefit claims
Includes continued unemployment benefit claims in Whatcom County

October 2013: 1,780
Yearly change: 17.09 percent decrease
Monthly change: 1.37 percent increase

Source: Washington State Employment Security Department

Total nonfarm employment
Includes non-seasonally adjusted figures in Whatcom County

October 2013: 85,700
Yearly change: 4.13 percent increase
Monthly change: 2.27 percent increase

Source: Washington State Employment Security Department

Bankruptcies
Includes Chapters 7, 11, 13 in Whatcom County

October 2013: 51
Yearly change: 21.43 percent increase
Monthly change: 18.6 percent increase

Source: U.S. Bankruptcy Court, Western District of Washington 

 

Spending: Canadian dollar average down nearly 5 percent

Sales-tax distribution
Includes basic and optional local sales tax to Bellingham

October 2013: $1,737,141.18
Yearly change: 8.75 percent increase
Monthly change: Negligible

Source: Washington State Department of Revenue

Motor vehicle registrations
Includes original registrations in Whatcom County

October 2013: 1,109
Yearly change: 5.62 percent increase
Monthly change: 4.33 percent increase

Source: Washington State Department of Licensing

Canadian dollar
Includes monthly averages (Canadian-to-U.S.) at market closing

October 2013: $0.96
Yearly change: 4.95 percent decrease
Monthly change: 1.03 percent decrease

Source: Bank of Canada

Border traffic
Includes southbound passenger-vehicle crossings into Whatcom County

April 2013: 545,964
Yearly change: 0.65 percent decrease
Monthly change: 6.62 percent decrease

Source: U.S. Department of Transportation

 

Housing: Busy sales continue, but price rises slow

Average home sale price
Includes single-family homes and condos in Whatcom County

October 2013: $282,221
Yearly change: 1.23 percent increase
Monthly change: 6.41 percent decrease

Source: Northwest Multiple Listing Service

Median home sale price
Includes single-family homes and condos in Whatcom County

October 2013: $249,000
Yearly change: 3.35 percent decrease
Monthly change: 7.74 percent decrease

Source: Northwest Multiple Listing Service

Closed residential sales
Includes single-family homes and condos in Whatcom County

October 2013: 280
Yearly change: 15.7 percent increase
Monthly change: 8.11 percent increase

Source: Northwest Multiple Listing Service

Pending residential sales
Includes single-family homes and condos in Whatcom County

October 2013: 276
Yearly change: 11.54 percent decrease
Monthly change: 8.91 percent decrease

Source: Northwest Multiple Listing Service

Foreclosure rate
Includes foreclosures in Whatcom County

September 2013: 1.12 percent
Yearly change: 0.9 percent decrease
Monthly change:  0.05 percent decrease

Source: CoreLogic

Mortgage delinquency rate
Includes delinquencies in Whatcom County

September 2013: 3.27 percent
Yearly change: 0.37 percent decrease
Monthly change:  0.05 percent decrease

Source: CoreLogic

 

Other factors: Airport, cruise terminal traffic lower than 2012

Airport traffic
Includes total enplanements at Bellingham International Airport

October 2013: 42,533
Yearly change: 4.53 percent decrease
Monthly change: 1.37percent decrease

Source: Port of Bellingham 

Cruise terminal traffic
Includes inbound/outbound passengers at Bellingham Cruise Terminal

October 2013: 1,546
Yearly change: 18.46 percent decrease
Monthly change: 15.19 percent decrease

Source: Port of Bellingham 

Bellingham building permit values
Includes total building-permit valuation in Bellingham

October 2013: $13.9 million
Yearly change: 8.59 percent increase
Monthly change: 59.77 percent increase

Source: City of Bellingham

Whatcom County building permit values
Includes total building-permit valuation in unincorporated areas of Whatcom County

October 2013: $7.9 million
Yearly change: 29.51 percent increase
Monthly change: 9.2 percent decrease

Source: Whatcom County Planning & Development Services

Evan Marczynski, staff reporter for The Bellingham Business Journal, can be reached at 360-647-8805, Ext. 5052, or evan@bbjtoday.com.

This article has been updated to reflect the following correction. 

Correction: Dec. 2, 2013: 

An earlier version of this month’s Market Indicators included incorrect section headlines. They have since been fixed. 

Tags:

Related Stories