Market Indicators, March 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: 2013 ends at 6.4% unemployment

Unemployment rate
Includes non-seasonally adjusted figures in Whatcom County

December 2013: 6.4 percent
December 2012: 7.1 percent

Source: Washington State Employment Security Department

Jobless benefit claims
Includes continued unemployment benefit claims in Whatcom County

December 2013: 2,532
December 2012: 1,881

Source: Washington State Employment Security Department

Bankruptcies
Includes Chapters 7, 11, 13 in Whatcom County

January 2014: 26
Year-to-date: 26
Annual change: 21.21 percent decrease

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

 

Spending: Loonie down to 91 cents

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

January 2014: $1.59 million
Year-to-date: $1.59 million
Annual change: Negligible

Source: Washington State Department of Revenue

Motor vehicle registrations
Includes original registrations in Whatcom County

January 2014: 1,042
January 2013: 924

Source: Washington State Department of Licensing

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

January 2014: $0.91
January 2013: $1.01

Source: Bank of Canada

 

Housing: Late-mortgage rate dropping

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

January 2014: $283,370
January 2013: $267,120

Source: Northwest Multiple Listing Service

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

January 2014: $251,750
January 2013: $235,000

Source: Northwest Multiple Listing Service

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

January 2014: 148
Year-to-date: 148
Annual change: 4.23 percent increase

Source: Northwest Multiple Listing Service

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

January 2014: 239
Year-to-date: 239
Annual change: None

Source: Northwest Multiple Listing Service

Foreclosure rate
Includes foreclosures in Whatcom County

December 2013: 1.15 percent
December 2012: 1.58 percent

Source: CoreLogic

Mortgage delinquency rate
Includes delinquencies in Whatcom County

December 2013: 3.07 percent
December 2012: 4.17percent

Source: CoreLogic

 

Other factors: County permits higher

Airport traffic
Includes total enplanements at Bellingham International Airport

December 2013: 46,486
Year-to-date: 595,074
Annual change: 4.29 precent increase

Source: Port of Bellingham 

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

January 2014: 1,422
Year-to-date: 1,422
Annual change: 7.81 percent increase

Source: Port of Bellingham 

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

January 2014: $8.38 million
Year-to-date: $8.38 million
Annual change: 52.92 percent decrease

Source: City of Bellingham

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

December 2013: $5.33 million
Year-to-date: $110.1 million
Annual change: 13.16 percent increase

Source: Whatcom County Planning & Development Services

Evan Marczynski, associate editor of The Bellingham Business Journal, can be reached at 360-647-8805, Ext. 5052, or evan@bbjtoday.com.

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