Economic Trends and Commercial Construction Indicators for Metropolitan Washington

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Economic Trends and Commercial Construction
Indicators for Metropolitan Washington
Cooperative Forecasting and Data Subcommittee
Meeting July 15, 2003
Department of Human Services, Planning and Public
Safety
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Economic Trends in Metropolitan Washington 1998
2002

• Population
• Employment
• Federal Spending
• Labor Force
• Construction

• Mortgage Rates, Home Sales, and HousingRelated
  Inflation
• Inflation
• Income
• Retail Sales
• Airline Passengers

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Economic Trends 1998 2002Percent Population
Change in the Washington Region
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Economic Trends 1998 2002At-Place Employment
in the Washington Region
2002 Figures for Maryland and Virginia are
estimates based on the first three quarters
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Economic Trends 1998 2002Federal Spending for
Selected Categories, FY 2002
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Economic Trends 1998 2002Annual Unemployment
Rate
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Economic Trends 1998 - 2002 Net Home Sales in
the Washington Region
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Economic Trends 1998 2002Annual Per Capita
Income, 2001
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.
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Commercial Construction Indicators2002

• 510 Projects
• 33.6 Million Square Feet
• 3.7 Billion Estimated Value

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Commercial Construction Starts 1980 to 2002 Total
Square Feet
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Commercial Construction 2002 Square Feet by
Structure Type
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Commercial Construction 2002 Total Square Feet by
Ownership Type
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Commercial Construction 2002 Total Square Feet by
Structure Type and State Group
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Commercial Construction 2002 Total Square Feet by
Jurisdictional Group
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Commercial Construction 2002 Total Square Feet by
Metrorail and Commuter Station Areas
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Commercial Construction in Regional Activity
Centers and Clusters
46 in Regional Activity Centers 54 in Regional
Activity Clusters