Midland-Odessa Regional Economic Index

 

Midland-Odessa Regional Economic Index

Economic Indicators*

September 2017

Base Year

1996

Last Year

2016

This Year

2017

% Change

2016-2017

Retail Sales - September (Per Sales Tax Rebates) $252,014,250 $491,620,486 $692,495,185 40.9%
Retail Sales - 3rd Quarter $784,306,923 $1,585,464,679 $2,128,315,926 34.2%
Retail Sales - YTD $2,389,918,951 $5,062,405,455 $5,763,040,170 13.8%
Dollars Spent on Auto Purchases - September $29,702,432 $79,609,751 $99,344,684 24.8%
Dollars Spent on Auto Purchases - 3rd Quarter $95,438,365 $250,446,205 $322,085,718 28.6%
Dollars Spent on Auto Purchases - YTD $288,353,902 $728,764,054 $905,221,131 24.2%
Hotel/Motel Spending - Quarter $9,392,011 $28,006,112 $42,517,555 51.8%
Hotel/Motel Spending - YTD $26,081,886 $91,373,264 $102,389,173 12.1%
Airline Passenger Enplanements - September 44,654 38,302 40,175 4.9%
Airline Passenger Enplanments - 3rd Quarter 139,473 115,456 129,233 11.9%
Airline Passenger Enplanements - YTD 410,035 345,223 380,419 10.2%
Value All Building Permits - September $10,864,493 $43,104,141 $29,382,375 -31.8%
Value All Building Permits - 3rd Quarter $47,758,340 $158,624,921 $167,757,190 5.8%
Value All Building Permits - YTD $174,716,499 $437,805,592 $523,018,808 19.5%
Permits for New Homes - September 28 80 93 16.3%
Permits for New Homes - 3rd Quarter 93 274 360 31.4%
Permits for New Homes - YTD 329 785 1,087 38.5%
Sales of Existing Homes - September 244 273 367 34.4%
Sales of Existing Homes - 3rd Quarter 784 875 1,107 26.5%
Sales of Existing Homes - YTD 2,014 2,420 3,098 28.0%
Average Home Sale Price - September $83,600 $245,463 $271,562 10.6%
Average Home Sale Price - 3rd Quarter $79,733 $250,205 $266,883 6.7%
Average Home Sale Price - YTD $77,811 $242,689 $260,453 7.3%
Dollar Volume of Residential Real Estate Sales - September $32,661,004 $68,739,951 $99,663,265 45.0%
Dollar Volume of Residential Real Estate - 3rd Quarter $100,202,679 $224,957,809 $296,105,103 31.6%
Dollar Volume of Residential Real Estate Sales - YTD $254,065,638 $605,768,395 $813,492,893 34.3%
Employment
Wage and Salary Employment - September 100,700 156,100 158,800 1.7%
Wage and Salary Employment - 3rd Quarter 99,635 155,400 157,960 1.6%
Wage and Salary Employment - YTD Average 99,465 156,945 157,445 0.3%
Unemployment Rate - September 5.3 5.6 3.2 -42.8%
Unemployment Rate - 3rd Quarter 5.7 5.8 3.5 -39.1%
Unemployment Rate - YTD Average 6.0 5.5 4.1 -24.3%
TEXAS PBPI - September** 106.2 209.6 263.4 25.7%
INDEX - September (Base = 100 January 1996) 104.7 191.0 207.9 8.9%

* 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)