Midland-Odessa Regional Economic Index

 

Midland-Odessa Regional Economic Index

Economic Indicators*

May 2017

Base Year

1996

Last Year

2016

This Year

2017

% Change

2016-2017

Retail Sales - May (Per Sales Tax Rebates) $306,931,545 $641,195,395 $677,541,627 5.7%
Retail Sales - YTD $1,358,026,836 $2,965,651,986 $3,025,752,584 2.0%
Dollars Spent on Auto Purchases - May $34,950,386 $85,117,599 $117,079,773 37.6%
Dollars Spent on Auto Purchases - YTD $162,398,998 $405,436,913 $479,402,756 18.2%
Hotel/Motel Spending - Quarter $8,035,298 $30,491,452 $31,343,016 2.8%
Hotel/Motel Spending - YTD $16,633,978 $63,154,926 $59,671,099 -5.5%
Airline Passenger Enplanements - May 50,264 40,917 46,621 13.9%
Airline Passenger Enplanements - YTD 221,154 186,351 203,106 9.0%
Value All Building Permits - May $28,212,144 $39,752,711 $33,843,126 -14.9%
Value All Building Permits - YTD $105,905,897 $232,397,128 $243,516,229 4.8%
Permits for New Homes - May 51 70 100 42.9%
Permits for New Homes - YTD 203 372 594 59.7%
Sales of Existing Homes - May 244 289 346 19.7%
Sales of Existing Homes - YTD 981 1,175 1,564 33.1%
Average Home Sale Price - May $74,500 $243,652 $268,835 10.3%
Average Home Sale Price - YTD $75,940 $234,124 $253,178 8.1%
Dollar Volume of Residential Real Estate Sales - May $29,192,970 $72,045,643 $93,016,955 29.1%
Dollar Volume of Residential Real Estate Sales - YTD $152,499,112 $282,138,644 $397,578,456 40.9%
Employment
Wage and Salary Employment - May 99,800 156,000 157,800 1.2%
Wage and Salary Employment - YTD Average 99,220 158,300 157,420 -0.6%
Unemployment Rate - May 5.9 5.4 4.0 -27.0%
Unemployment Rate - YTD Average 6.0 5.2 4.5 -12.3%
TEXAS PBPI - May** 101.9 213.5 246.7 15.5%
INDEX - May (Base = 100 January 1996) 103.3 199.0 196.4 -1.3%

* 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)