Market Indicators, June 2014

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

Annual changes, where applicable, compare the cumulative year-to-date totals with numbers from the same time period during the previous year. Data include raw numbers only and are not adjusted to account for any seasonal factors.

Jobs: Local unemployment dips under 6 percent

Unemployment rate
Includes non-seasonally adjusted figures in Whatcom County

April 2014: 5.8 percent (April 2013: 6.8 percent)

Source: Washington State Employment Security Department

Jobless benefit claims
Includes continued unemployment benefit claims in Whatcom County

April 2014: 2,538 (April 2013: 2,477)

Source: Washington State Employment Security Department

Bankruptcies
Includes Chapters 7, 11, 13 in Whatcom County

April 2014: 49
Year-to-date: 161 (Annual change: 20.69 percent decrease)

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

 

Spending: Little change in monthly tax payout

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

April 2014: $1.41 million
Year-to-date: $6.47 million (Annual change: 1.09 percent increase)

Source: Washington State Department of Revenue

Motor vehicle registrations
Includes original registrations in Whatcom County

April 2014: 1,130 (April 2013: 1,198)

Source: Washington State Department of Licensing

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

April 2014: $0.91 (April 2013: $0.98)

Source: Bank of Canada

Housing: Single-family house, condo prices rise

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

May 2014: $298,871 (May 2013: $290,195)

Source: Northwest Multiple Listing Service

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

May 2014: $260,500 (May 2013: $250,000)

Source: Northwest Multiple Listing Service

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

May 2014: 260 (Annual change: 6.81 percent decrease)

Source: Northwest Multiple Listing Service

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

May 2014: 402 (Annual change: 1.01 percent increase)

Source: Northwest Multiple Listing Service

Foreclosure rate
Includes foreclosures in Whatcom County

February 2014: 1.11 percent (February 2013: 1.46 percent)

Source: CoreLogic

Mortgage delinquency rate
Includes delinquencies in Whatcom County

February 2014: 2.93 percent (February 2013: 4.02 percent)

Source: CoreLogic

 

Other factors: Busy month at Bellingham International Airport

Airport traffic
Includes total enplanements at Bellingham International Airport

April 2014: 46,882
Year-to-date: 188,203 (Annual change: 7.76 percent decrease)

Source: Port of Bellingham 

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

April 2014: 1,550
Year-to-date: 5,450 (Annual change: 6.2 percent increase)

Source: Port of Bellingham 

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

April 2014: $9.11 million
Year-to-date: $51.96 million (Annual change: 19.7 percent increase)

Source: City of Bellingham

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