Market Indicators, October 2013

Market indicators are updated monthly, and include the most recently available information. Expanded statistics are available in each print edition of The Bellingham Business Journal.

Jobs: Local unemployment at lowest level since October 2012

Unemployment rate
Includes non-seasonally adjusted figures in Whatcom County

August 2013: 6.5 percent (initial estimate)
August 2012: 7.7 percent
Year-over-year change: 1.2 percent decrease

Source: Washington State Employment Security Department

Jobless benefit claims
Includes continued unemployment benefit claims in Whatcom County

July 2013: 2,036
July: 2012: 2,477
Year-over-year change: 17.8 percent decrease

Source: Washington State Employment Security Department

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

August 2013: 82,100 (initial estimate)
August 2012: 79,700
Year-over-year change: 3.01 percent increase

Source: Washington State Employment Security Department

Bankruptices
Includes Chapters 7, 11, 13 in Whatcom County

August 2013: 44
August 2012: 49
Year-over-year change: 10.2 percent decrease

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

 

Spending: Vehicle registrations outpacing previous year’s figures

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

August 2013: $1,797,168.60
August 2012: $1,651,057.80
Year-over-year change: 8.85 percent increase

Source: Washington State Department of Revenue

Motor vehicle registrations
Includes original registrations in Whatcom County

August 2013: 1,225
August 2012: 1,113
Year-over-year change: 10.06 percent increase

Source: Washington State Department of Licensing

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

August 2013: $0.96
August 2012: $1.00
Year-to-year change: 4 percent decrease

Source: Bank of Canada

Border traffic
Includes southbound passenger-vehicle crossings into Whatcom County

April 2013: 545,964
April 2012: 549,520
Year-to-year change: 0.65 percent decrease

Source: U.S. Department of Transportation

 

Housing: Sales continue hitting high notes as fall begins

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

August 2013: $277,350
August 2012: $270,179
Year-to-year change: 2.65 percent increase

Source: Northwest Multiple Listing Service

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

August 2013: $253,400
August 2012: $237,250
Year-to-year change: 6.81 percent increase

Source: Northwest Multiple Listing Service

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

August 2013: 274
August 2012: 262
Year-to-year change: 4.58 percent increase

Source: Northwest Multiple Listing Service

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

August 2013: 348
August 2012: 326
Year-to-year change: 6.75 percent increase

Source: Northwest Multiple Listing Service

Foreclosure rate
Includes foreclosures in Whatcom County

July 2013: 1.28 percent
July 2012: 1.5 percent
Year-to-year change: 0.22 percent decrease

Source: CoreLogic

Mortgage delinquency rate
Includes delinquencies in Whatcom County

July 2013: 3.51 percent
July 2012: 4.37 percent
Year-to-year change: 0.86 percent decrease

Source: CoreLogic

 

Other factors: Cruise terminal made most of busy season

Airport traffic
Includes total enplanements at Bellingham International Airport

August 2013: 52,909
August 2012: 53,724
Year-to-year change: 1.52 percent decrease

Source: Port of Bellingham 

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

August 2013: 4,450
August 2012: 4,112
Year-to-year change: 8.22 percent increase

Source: Port of Bellingham 

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

August 2013: $11,940,069
August 2012: $4,320,043
Year-to-year change: 176.39 percent increase

Source: City of Bellingham

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

August 2013: $17,243,695
August 2012: $11,101,799
Year-to-year change: 55.32 percent increase

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.

 

Tags:

Related Stories