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Charts summarizing the national and regional economies and housing markets

Indicators tracking the performance of the Washington area economy

A snapshot of the current state of the national economy

Featured Research

CRA Working Paper Series (recent releases)

CRA Working Paper 2013-03: Generational Perspectives on Residential Mobility: Implications for Housing Demand
CRA Working Paper 2013-02: New Trends in the Distribution and Characteristics of the Federal Workforce in the Washington DC Metropolitan Area 1998-2011

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Impact of Local Regulatory Processes and Fees on Ability to Deliver New Housing In Montgomery County, MD

June 2012 – Approval of new residential projects in Montgomery County—and in local jurisdictions around the region—has become cumbersome, expensive and risky. This study finds that regulatory processes in Montgomery County can add $30-$50K to the cost of a new single-family or townhouse unit and $10-$20K to cost of a multi-family unit.

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Impact of Local Regulatory Processes and Fees on Ability to Deliver New Housing In Fairfax County, VA

September 2012 – Complementing recent research on the residential development process in Montgomery County, this study finds that regulatory process in Fairfax County can add $30-$60K to the cost of a new single-family or townhouse unit and $15-$20K to cost of a multi-family unit.

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Housing the Richmond Region's Future Workforce

March 2013 - This research forecasts the future housing demand associated with net new job growth in the Richmond, VA region between 2012 and 2032. Because it is a jobs-driven forecast of housing demand, it explicitly links the potential economic growth in the region to the availability and affordability of housing.

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• Economic Impact of Sequestration Budget Cuts to DOD and Non-DOD Agencies as Modified by the American Taxpayer Relief Act of 2012, March 2013
• CRA Working Paper No. 2012-02: Immigrants in the Washington, DC Metropolitan Labor Market, September 2012
• House Testimony Impacts of Sequestration on Small Businesses, September 2012
• CRA Working Paper No. 2012-01: Domestic Migration To And From The Washington DC Metropolitan Area 1985-2010, July 2012
• The Economic Impact of the Budget Control Act of 2011 on DOD & non-DOD Agencies, July 2012
• The Impact of Metrorail on Loudoun County’s Economic Future, May 2012

Recent Presentations

• The Washington Area’s Post-Federally Dependent Economy, Dr. Fuller, May 14, 2013
• What Will the Montgomery County Economy Look Like in 2017, Dr. Fuller, May 14, 2013
• The Outlook for the U.S. and Washington Area Economies In 2013 and Beyond, Dr. Fuller, April 12, 2013
• Washington Economy: Conditions and Trends, Dr. Fuller, Virginia Assoc. of Economists, March 2013
• The Vision Series, Dr. Fuller, George Mason University, Feb 2013
• Washington Economy After the Fiscal Cliff, Dr. Fuller CRA Conference, Jan 2013
• Population & Demographic Change in Washington, Dr. Sturtevant CRA Conference, Jan 2013
• Transition to “Normal”?, Dr. Duncan (Fannie Mae) CRA Conference, Jan 2013

CRA Census Series

• Worker Flows in the Washington Metropolitan Area, 1990-2010, Update from the American Community Survey, May 2013
• Housing Affordability in the Washington DC Metropolitan Area, Update from the American Community Survey, April 2013
• Commuting Behaviors in the DC Metropolitan Area, Update from the American Community Survey, August 2012
• Telecommuting in the DC Metropolitan Area, Update from the American Community Survey, June 2012
• The Washington DC Area Rental Market, Update from the American Community Survey, March 2012

In the News
” The federal government is a major contributor to the local economy. It isn’t free money though, and the real story here is that the Washington area workforce works very hard. We have more wage-earners per household than any metropolitan area” – Dr. Fuller on the impact of the federal government on the region’s affluence

FULL STORY

View all recent news articles

	Wash Metro Unemployment Rate* 5.2% (Mar-13), down 0.3 from Mar-12
	Wash Metro Jobs* 3.06M (Mar-13), up 36.1K from Mar-12
	Wash Metro Median Home Price 400.0K (Apr-13), up 7.7% from Apr-12

Notes:
* Not Seasonally Adjusted

Housing Corner

Housing Market Updates

These reports produced by CRA and RBI RealEstate Business Intelligence provide a snapshot of area housing market trends

• DC Metro Market Update
• Baltimore Metro Market Update
• Mid-Year Distressed Properties Report

Washington Post Real Estate Blog

CRA’s Dr. Lisa Sturtevant is a regular contributor to the Washington Post “Where We Live” Real Estate Blog, providing unique insights into market trends and behavior.

• December 18, 2012 blog post

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