Market Indicators, January 2014

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: Unemployment rate hanging near 6 percent

Unemployment rate
Includes non-seasonally adjusted figures in Whatcom County

November 2013: 6.1 percent
Yearly change: 0.7 percent decrease
Monthly change: No change

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

Bankruptcies
Includes Chapters 7, 11, 13 in Whatcom County

November 2013: 36
Yearly change: 2.86 percent increase
Monthly change: 29.41 percent decrease

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

 

Spending: Canadian-dollar rate falling

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

October 2013: $1.77 million
Yearly change: 4.12 percent increase
Monthly change: 1.72 percent decrease

Source: Washington State Department of Revenue

Motor vehicle registrations
Includes original registrations in Whatcom County

November 2013: 899
Yearly change: 3.33 percent increase
Monthly change: 18.94 percent decrease

Source: Washington State Department of Licensing

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

October 2013: $0.95
Yearly change: 5 percent decrease
Monthly change: 1.04 percent decrease

Source: Bank of Canada

Housing: Sale prices return to climbing

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

November 2013: $294,779
Yearly change: 4.56 percent increase
Monthly change: 4.45 percent increase

Source: Northwest Multiple Listing Service

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

November 2013: $260,000
Yearly change: 8.81 percent increase
Monthly change: 4.42 percent increase

Source: Northwest Multiple Listing Service

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

November 2013: 199
Yearly change: 3.65 percent increase
Monthly change: 28.93 percent decrease

Source: Northwest Multiple Listing Service

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

November 2013: 236
Yearly change: 6.79 percent increase
Monthly change: 14.49 percent decrease

Source: Northwest Multiple Listing Service

Foreclosure rate
Includes foreclosures in Whatcom County

October 2013: 1.1 percent
Yearly change: 0.42 percent decrease
Monthly change:  0.02 percent decrease

Source: CoreLogic

Mortgage delinquency rate
Includes delinquencies in Whatcom County

October 2013: 3.2 percent
Yearly change: 0.97 percent decrease
Monthly change:  0.07 percent decrease

Source: CoreLogic

 

Other factors: Travel still below last year

Airport traffic
Includes total enplanements at Bellingham International Airport

November 2013: 42,562
Yearly change: 7.09 percent decrease
Monthly change: 0.07 percent increase

Source: Port of Bellingham 

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

November 2013: 1,641
Yearly change: 14.17 percent decrease
Monthly change: 6.14 percent increase

Source: Port of Bellingham 

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

November 2013: $3.7 million
Yearly change: 21.28 percent decrease
Monthly change: 73.38 percent decrease

Source: City of Bellingham

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

November 2013: $6.1 million
Yearly change: 69.44 percent increase
Monthly change: 22.78 percent decrease

Source: Whatcom County Planning & Development Services

Evan Marczynski, associate editor for The Bellingham Business Journal, can be reached at 360-647-8805, or evan@bbjtoday.com.

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