6
The Bellingham Business Journal
August 2015
Market Indicators
Jobs: Unemployment rate nearly unchanged Bankruptcies
Unemployment rate June 2015: 5.8 % June 2014: 6.1 %
June 2015 total: 38 Annual change: + 26.32 %
Includes non-seasonally adjusted figures in Whatcom County
Includes filings for Chapters 7, 11 and 13 in Whatcom County
40
8%
June 2015: 63.5% June 2014: 63.4 %
Includes non-seasonally adjusted figures for Washington state
Chapters 11,13 Chapter 7
35 30
7%
Labor force participation rate 70% 67.5%
25 20
65%
15
6%
10
62.5%
5
5%
J F M A M J J A S O N D J F M A M J 2014
0
2015
J F M A M J
J A S O N D J F M A M J
2014
SOURCE: WASHINGTON STATE EMPLOYMENT SECURITY DEPARTMENT
60%
J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J
2013
2015
SOURCE: U.S. BANKRUPTCY COURT, WESTERN DISTRICT OF WASHINGTON
2014
2015
SOURCE: U.S. BUREAU OF LABOR STATISTICS
Spending: Sales-tax distribution higher than ‘14 Sales-tax distribution �
June 2015: $1,602,850.4 Annual change:
$2.5M
2014
Includes monthly averages (Canada-to-U.S.) at market closing
$30M
$1.2
$25M
$1.0
$1.5M $1M
$0.8
$20M
$0.6
$15M
$0.4
$0.5M 0
June 2015: $22,376,612 June 2014: $15,926,877
June 2015: $0.81 June 2014: $0.92
2015
$2M
Building-permit values
Canadian dollar
6.11%
Includes basic and optional local sales tax to Bellingham
$10M
$0.2
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M
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SOURCE: WASHINGTON STATE DEPARTMENT OF REVENUE
$0.0
J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J
2013
$5M
SOURCE: BANK OF CANADA
J F M A M J J A S O N D J F M A M J
2014
2015
2014
2015
SOURCE: CITY OF BELLINGHAM
Housing: Spring’s over but home sales continue Housing sale prices
$350K
Foreclosures & delinquencies
Housing sales
Average: June 2015: $298,006 June 2014: $304,840 Median: June 2015: $279,450 June 2014: $270,625
Delinquency rate: April 2015: 1.96% April 2014: 2.71% Foreclosure rate: April 2015: 0.70% April 2014: 1.07%
Closed, June 2015: 378 Annual change: + 23.28 % Pending, June 2015: 469 Annual change: + 19.62 % Includes sales of single-family houses and condos in Whatcom County
500
Average price Median price
400
$300K
5%
Pending sales Closed sales
Delinquency rate
4%
Foreclosure rate
3%
300 2%
$250K
200 $200K
J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J
2013
2015
2014
100
1%
J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J
2013
SOURCE: NORTHWEST MULTIPLE LISTINGS SERVICE
2014
2015
SOURCE: NORTHWEST MULTIPLE LISTINGS SERVICE
0%
J F MAM J J A S O N D J F MAM J A S O N D J F MA
2013
2014
2015
SOURCE: CORELOGIC
Other factors: Airport traffic down, as forecast Cruise terminal traffic
Airport traffic Includes total passengers flying from Bellingham International Airport
80K 60K
2015
5,000
2014
4,000
2013
50K 40K 20K
F
M
SOURCE: PORT OF BELLINGHAM
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M
J
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D
2014
1.5M
3,000
0
2015
1.75M 1.25M 1M 0.75M 0.5M
1,000
10K
Includes southbound passengers crossings into Whatcom County
2M
2,000
30K
J
June 2015: 1,258,958 Year-over-year: � 12.26 %
Includes inbound and outbound passengers at Bellingham Cruise Terminal
70K
0
Border traffic
June 2015: 3,134 May 2014: 3,236
June 2015: 31,576 Annual change: - 30.23%
0.25M
J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J 2013
SOURCE: PORT OF BELLINGHAM
2014
2015
0
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F
M
A
M
J
J
SOURCE: WWU BORDER POLICY RESEARCH INSTITUTE
Notes: Graphs include the most recent data available at press time. Annual changes show cumulative difference from the same time period during the previous year. Data include raw numbers only and are not adjusted to account for any seasonal factors.
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