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Midland Economic Indicators

 

Midland Economic Index January 2017
Economic Indicators*

Base Year

1996

Last Year

2016

This Year

2017

% Change

2016-2017

Taxable Spending - January (per sales tax rebates) $114,486,582 $289,116,481 $283,860,177 -1.8%
Taxable Spending - YTD $114,486,582 $289,116,481 $283,860,177 -1.8%
Dollars Spent on Auto Purchases - January $14,473,950 $40,262,149 $45,234,189 12.3%
Dollars Spent on Auto Purchases - YTD $14,473,950 $40,262,149 $45,234,189 12.3%
Hotel/Motel Tax Receipts - Quarter $4,508,800 $18,783,294 $16,623,593 -11.5%
Hotel/Motel Tax Receipts - YTD $4,508,800 $18,783,294 $16,623,593 -11.5%
Airline Boardings - January 38,809 33,546 34,828 3.8%
Airline Boardings - YTD 38,809 33,546 34,828 3.8%
Value All Building Permits - January $3,476,191 $22,175,824 $15,269,187 -31.1%
Value All Building Permits - YTD $3,476,191 $22,175,824 $15,269,187 -31.1%
Permits for New Homes - January 15 38 55 44.7%
Permits for New Homes - YTD  15 38 55 44.7%
Sales of Existing Homes - January 67 100 159 59.0%
Sales of Existing Homes - YTD 67 100 159 59.0%
Average Home Sale Price - January $84,448 $251,364 $257,725 2.5%
Average Home Sale Price - YTD $84,448 $251,364 $257,725 2.5%
Home Sales Dollar Volume - January $9,114,471 $25,627,753 $40,978,239 59.9%
Home Sales Dollar Volume - YTD $9,114,471 $25,627,753 $40,978,239 59.9%
Employment
Wage & Salary Employment - January 52,300 89,300 87,100 -2.5%
Wage & Salary Employment - YTD Average 52,300 89,300 87,100 -2.5%
Unemployment Rate - January 5.0 4.0 4.1 2.5%
Unemployment Rate - YTD Average 5.0 4.0 4.1 2.5%
INDEX - January (Base = 100 January 1996) 100.0 211.0 191.6 -9.2%

* With the exception of the average home sale price, all economic indicators expressed in dollar form above are adjusted for inflation by restating prior periods in current dollars.


 

Midland, Texas Economic Indicators
    2016 2017 % Change
2016-2017

City of Midland
Sales Tax Rebate

(not adjusted for inflation)

January $4,231,028 $4,257,903 0.6%
February $6,637,691 $5,481,160 -17.4%
March      
April      
May      
June      
July      
August      
September      
October      
November      
December      
Year-To-Date Total $10,868,719 $9,739,063 -10.4%
         

Midland County
Motor Vehicle Sales Tax

(not adjusted for inflation)

January $2,538,772 $2,827,137 11.4%
February      
March      
April      
May      
June      
July      
August      
September      
October      
November      
December      
YTD Total $2,538,772 $2,827,137 11.4%
         

City of Midland
Hotel/Motel Tax Receipts
Collected January, April, July and October
for previous quarters ending
December, March, June and September

(not adjusted for inflation)

January $1,284,553 $1,163,652 -9.4%
April      
July      
October      
YTD Total $1,284,553 $1,163,652 -9.4%
         
Midland International Airport
Passenger Enplanements
January 33,546 34,828 3.8%
February 33,409 36,323 8.7%
March      
April      
May      
June      
July      
August      
September      
October      
November      
December      
YTD Total 66,955 71,151 6.3%
         

City of Midland
Building Permit Valuation Total

(not adjusted for inflation)

January $22,361,591 $15,269,187 -31.7%
February      
March      
April      
May      
June      
July      
August      
September      
October      
November      
December      
YTD Total $22,361,591 $15,269,187 -31.7%
         
City of Midland
New Single-Family Residence Permits
January 38 55 44.7%
February      
March      
April      
May      
June      
July      
August      
September      
October      
November      
December      
YTD Total 38 55 44.7%
         
Midland
Existing Home Sales
January    100 159 59.0%
February      
March      
April      
May      
June      
July      
August      
September      
October      
November      
December      
YTD Total 100 159 59.0%
         

Midland
Average Home Sale Price

(not adjusted for inflation)

January $251,364 $257,725 2.5%
February      
March      
April      
May      
June      
July      
August      
September      
October      
November      
December      
YTD Average $251,364 $257,725 2.5%
         

Midland
Home Sales Total Dollar Volume

(not adjusted for inflation)

January $25,136,405 $40,978,239 63.0%
February      
March      
April      
May      
June      
July      
August      
September      
October      
November      
December      
YTD Total $25,136,405 $40,978,239 63.0%
         
Midland Payroll Employment
per Current Employment Statistics 
January   89,300 87,100 -2.5%
February      
March      
April      
May      
June      
July      
August      
September      
October      
November      
December      
YTD Average 89,300 87,100 -2.5%
         
Midland
Estimated Oil & Gas Employment
January 19,430 19,370 -0.3%
February      
March      
April      
May      
June      
July      
August      
September      
October      
November      
December      
YTD Average 19,430 19,370 -0.3%
Midland
Unemployment Rate
January 4.0 4.1 2.5%
February      
March      
April      
May      
June      
July      
August      
September      
October      
November      
December      
YTD Average 4.0 4.1 2.5%