economic trends and commercial construction indicators for metropolitan washington
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1
Economic Trends and Commercial Construction Indicators
for Metropolitan Washington
Cooperative Forecasting and Data Subcommittee
September 9, 2004
Department of Human Services, Planning and Public Safety
2
Economic Trends in Metropolitan Washington 1999 – 2003
• Population• Employment• Labor Force• Construction• Mortgage Rates, Home
Sales, and Housing-Related Inflation
•Inflation
•Income
•Retail Sales
•Airline Passengers
3
Economic Trends 1999 – 2003Percent Population Change in the Washington Region
Percent Population Change, 1999 - 2003
0 5 10 15 20 25 30 35 40
City of Falls Church
City of Manassas
Arlington County
Fairfax County
Prince George's County*
Montgomery County*
District of Columbia
City of Fairfax
Charles County
Stafford County
City of Alexandria
Frederick County*
Calvert County
Prince William County
City of Manassas Park
Loudoun County
Percent Change in Population
4
Economic Trends 1999 – 2003At-Place Employment in the Washington Region
2,300
2,350
2,400
2,450
2,500
2,550
2,600
2,650
1999 2000 2001 2002 2003
Year
(Tho
usan
ds)
5
Economic Trends 1999 – 2003Annual Unemployment Rate
0.0%
1.0%
2.0%
3.0%
4.0%
5.0%
6.0%
7.0%
8.0%
1999 2000 2001 2002 2003
Year
Une
mpl
oym
ent
Rat
e
Washington DC-MD-VA MSA Suburban Jurisdictions a/ District of Columbia
6
Economic Trends 1999 - 2003 Net Home Sales in the Washington Region
0
20,000
40,000
60,000
80,000
100,000
120,000
140,000
1999 2000 2001 2002 2003
Year
New
Ho
mes
So
ld
7
Economic Trends 1999 - 2003 Housing Units Authorized in the Washington Region
0
5,000
10,000
15,000
20,000
25,000
30,000
35,000
40,000
1999 2000 2001 2002 2003
Uni
ts A
utho
rize
d
8
Economic Trends 1999 – 2003Annual Per Capita Income, 2002
a/ Data for the Cities of Fairfax and Falls Church are included in Fairfax County.
b/ Data for the Cities of Manassas and Manassas Park are included in Prince William County.
$0 $10,000 $20,000 $30,000 $40,000 $50,000 $60,000
MSA
Stafford County
Prince George's County
Prince William County b/
Charles County
Calvert County
Frederick County
Loudoun County
District of Columbia
Montgomery County
Fairfax County a/
City of Alexandria
Arlington County
9
Commercial Construction Indicators2003
• 524 Projects
• 31.1 Million Square Feet
• $3.6 Billion Estimated Value
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