This article first appeared in the PR October 2009
issue of Pro Remodeler.
Population: 5,358,130 (11.7 percent increase since 2000)
Home prices
• Down 11.8 percent from 2008
• Down 30.6 percent from May 2006 local peak
• Down 7.3 percent over last 5 years
• Up 79.5 percent over last decade
Homeownership rate: 67.7 percent (No. 40 among major metros)
Median household income: $81,163
Local unemployment rate: 6.2 percent (up from 4 percent in 2008)
Sources: S&P/Case Shiller Home Price Index, U.S. Bureau of Labor Statistics, U.S. Census Bureau
RELATED LINKS
Washington Business Journal: Report: D.C.-area economy remains strong
The Corner Office: Case Design/Remodeling
BOWA Builders, 2006 Remodeler of the Year
Data and information on the Washington remodeling market