Reports

Snapshot

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Snapshot is a monthly update of the Fifth District economy, published by the Regional Economics section of the Federal Reserve Bank of Richmond. Snapshot includes timely analysis of labor market, household, and housing market conditions at both the state and metro area level.

 
Snapshot cover

February 5, 2010

February 2010 Snapshot

Recent reports on the Fifth District economy were somewhat downbeat.

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Fifth District

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Maryland

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About

Snapshot is a monthly update of the Fifth District economy, published by the Regional Economics section of the Federal Reserve Bank of Richmond. Snapshot includes timely analysis of labor market, household, and housing market conditions at both the state and metro area level. Comments and suggestions on content and format are welcomed.

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Contact Information

Sarah Watt
Research Associate
Regional Economics / Research
P.O. Box 27622
Richmond, VA 23261
804-697-8927

The views expressed in Snapshot are those of the contributors and not necessarily of the Federal Reserve Bank of Richmond or the Federal Reserve System.

Notes

The Housing Opportunity Index is the share of homes sold considered affordable to a family earning the area's median income.

Commercial real estate data are designed exclusively for the use of CB Richard Ellis clients and cannot be reproduced without prior permission of CBRE. Resale of the information contained herein is strictly prohibited.


Manufacturing and Service Sector Surveys

Each index equals the percentage of responding firms reporting increase minus the percentage reporting decrease. All firms surveyed are located within the Fifth Federal Reserve District.

Manufacturing Composite Index

The weighted average of the shipments (33 percent), new orders (40 percent) and employment (27 percent) indexes.

Mortgage Delinquency Rate

The number of mortgages 90 days past due as a percent of the total number of mortgages at the end of the period. The delinquency rate does not include loans in the process of foreclosure.

Pending Home Sales Index

Measure of signed real estate contracts for existing single-family homes, condos, and co-ops.

Month's Supply of Homes

Monthly sum of active listings, or inventory, over the quarter divided by sum of sales of the three months.

Average Monthly Inventory

Average of weekly inventory of single family homes and condos.

Median Asking Price

Asking price of single family homes and condos.

Median Home Sales Price - NAR

Single family homes.

Median Home Sales Price - NAHB

Total Home Sales.

House Price Index

Weighted repeat sales index, measuring the average price changes in repeat sales or refinancings on the same single family properties. Based on transactions involving conforming, conventional mortgages purchased or securitized by Fannie Mae or Freddie Mac.

Housing Opportunity Index

Share of homes sold considered affordable to a family earning the area's median income.

Commercial Vacancy

Commercial real estate data are designed exclusively for the use of CB Richard Ellis clients and cannot be reproduced without prior permission of CBRE. Resale of the information contained herein is strictly prohibited.

Sources

Nonfarm Payroll Employment
Bureau of Labor Statistics, Haver Analytics

Unemployment Rate
Bureau of Labor Statistics, Haver Analytics

Civilian Labor Force
Bureau of Labor Statistics, Haver Analytics

Unemployment Insurance Claims
U.S. Department of Labor, Haver Analytics

District Imports / Exports
U.S. Census Bureau, Haver Analytics

Personal Income
Bureau of Economic Analysis, Haver Analytics

Median Family Income
National Association of Home Builders, Wells Fargo, Haver Analytics

Bankruptcy Filings
Administrative Office of the U.S. Courts, Haver Analytics

Mortgage Loans Past Due
Mortgage Bankers Association of America, Haver Analytics

Private Building Permits
U.S. Census Bureau, Haver Analytics

Private Housing Starts
Bank of Tokyo-Mitsubishi, Haver Analytics

Existing Home Sales
National Association of Realtors, Haver Analytics

Months' Supply of Home
National Association of Realtors, Haver Analytics

Median Home Sales Price - NAR
National Association of Realtors, Haver Analytics

Median Home Sales Price - NAHB
National Association of Home Builders, Wells Fargo, Haver Analytics

House Price Index
Office of Federal Housing Enterprise Oversight, Haver Analytics

Housing Opportunity Index
National Association of Home Builders, Wells Fargo, Haver Analytics

Commercial Vacancy Rates
CB Commercial Real Estate Group, Inc., Haver Analytics

Home Inventory / Asking Price
Housing Tracker.Net

Commercial Vacancy Rates
CB Commercial Real Estate Group, Inc., Haver Analytics

Home Inventory / Asking Price
Housing Tracker.Net