Midland-Odessa Regional Economic Index

 

Midland-Odessa Regional Economic Index

Economic Indicators*

October 2017

Base Year

1996

Last Year

2016

This Year

2017

% Change

2016-2017

Retail Sales - October (Per Sales Tax Rebates) $220,278,596 $505,599,188 $730,771,994 44.5%
Retail Sales - YTD $2,613,577,023 $5,575,163,161 $6,501,961,418 16.6%
Dollars Spent on Auto Purchases - October $32,574,649 $76,019,513 $116,718,044 53.5%
Dollars Spent on Auto Purchases - YTD $321,114,111 $805,252,537 $1,022,521,697 27.0%
Hotel/Motel Spending - Quarter $9,555,302 $27,323,244 $47,387,148 73.4%
Hotel/Motel Spending - YTD $35,631,440 $118,676,372 $149,753,757 26.2%
Airline Passenger Enplanements - October 48,577 39,942 45,834 14.8%
Airline Passenger Enplanements - YTD 458,612 385,165 426,253 10.7%
Value All Building Permits - October $16,242,047 $46,492,906 $69,301,463 49.1%
Value All Building Permits - YTD $191,547,427 $485,774,119 $594,092,231 22.3%
Permits for New Homes - October 42 83 78 -6.0%
Permits for New Homes - YTD 371 868 1,165 34.2%
Sales of Existing Homes - October 155 260 376 44.6%
Sales of Existing Homes - YTD 2,169 2,680 3,477 29.7%
Average Home Sale Price - October $74,700 $239,976 $239,815 -0.1%
Average Home Sale Price - YTD $77,500 $242,425 $258,542 6.6%
Dollar Volume of Residential Real Estate Sales - October $18,533,603 $64,038,974 $90,170,480 40.8%
Dollar Volume of Residential Real Estate Sales - YTD $273,189,673 $671,215,137 $907,507,543 35.2%
Employment
Wage and Salary Employment - October 102,400 156,500 160,100 2.3%
Wage and Salary Employment - YTD Average 99,760 156,900 158,110 0.8%
Unemployment Rate - October 5.1 5.2 2.8 -46.3%
Unemployment Rate - YTD Average 5.9 5.5 4.0 -26.4%
TEXAS PBPI - October** 108.7 211.1 271.2 28.5%
INDEX - October (Base = 100 January 1996) 105.0 190.0 211.1 11.1%

* With the exception of  the average home sale price, all economic indicators listed in dollar form above are adjusted for inflation by restating prior periods in current dollars
**  Texas Permian Basin Petroleum Index (Base=100 Jan 1996)