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Midland-Odessa Regional Economic Index

 

Midland-Odessa Regional Economic Index

Economic Indicators*

February 2017

Base Year

1996

Last Year

2016

This Year

2017

% Change

2016-2017

Retail Sales - February (Per Sales Tax Rebates) $386,073,235 $782,273,183 $691,975,337 -11.5%
Retail Sales - YTD $594,945,172 $1,337,900,039 $1,231,656,222 -7.9%
Dollars Spent on Auto Purchases - February $29,893,495 $72,411,114 $82,553,722 14.0%
Dollars Spent on Auto Purchases - YTD $61,024,417 $146,329,676 $172,111,939 17.6%
Hotel/Motel Spending - Quarter $8,549,737 $32,477,557 $28,166,842 -13.3%
Hotel/Motel Spending - YTD $8,549,737 $32,477,557 $28,166,842 -13.3%
Airline Passenger Enplanements - February71,151 40,210 33,409 36,323 8.7%
Airline Passenger Enplanements - YTD 79,019 66,955 71,151 6.3%
Value All Building Permits - February $21,529,260 $66,608,312 $76,765,165 15.2%
Value All Building Permits - YTD $29,805,092 $99,017,672 $107,452,070 8.5%
Permits for New Homes - February 42 67 117 74.6%
Permits for New Homes - YTD 65 127 214 68.5%
Sales of Existing Homes - February 170 192 224 16.7%
Sales of Existing Homes - YTD 277 348 479 37.6%
Average Home Sale Price - February $76,500 $233,489 $238,419 2.1%
Average Home Sale Price - YTD $76,550 $231,014 $241,789 4.7%
Dollar Volume of Residential Real Estate Sales - February $20,929,515 $45,744,041 $53,405,931 16.7%
Dollar Volume of Residential Real Estate Sales - YTD $34,168,821 $82,084,510 $115,958,364 41.3%
Employment
Wage and Salary Employment - February 99,300 159,800 158,000 -1.1%
Wage and Salary Employment - YTD Average 99,050 160,300 157,200 -1.9%
Unemployment Rate - February 6.0 5.0 4.9 -0.8%
Unemployment Rate - YTD Average 6.2 4.9 4.9 1.5%
TEXAS PBPI - February** 100.0 224.3 229.6 2.4%
INDEX - February (Base = 100 January 1996) 101.0 206.7 191.4 -7.4%

* 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)