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Midland-Odessa Regional Economic Index

 

Midland-Odessa Regional Economic Index

Economic Indicators*

January 2017

Base Year

1996

Last Year

2016

This Year

2017

% Change

2016-2017

Retail Sales - January (Per Sales Tax Rebates) $208,483,638 $554,593,927 $538,677,601 -2.9%
Retail Sales - YTD $208,483,638 $554,593,927 $538,677,601 -2.9%
Dollars Spent on Auto Purchases - January $31,172,991 $74,018,453 $89,679,243 21.2%
Dollars Spent on Auto Purchases - YTD $31,172,991 $74,018,453 $89,679,243 21.2%
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 - January 38,809 33,546 34,828 3.8%
Airline Passenger Enplanements - YTD 38,809 33,546 34,828 3.8%
Value All Building Permits - January $8,247,552 $32,298,609 $30,579,991 -5.3%
Value All Building Permits - YTD $8,247,552 $32,298,609 $30,579,991 -5.3%
Permits for New Homes - January 23 60 97 61.7%
Permits for New Homes - YTD 23 60 97 61.7%
Sales of Existing Homes - January 107 156 224 43.6%
Sales of Existing Homes - YTD 107 156 224 43.6%
Average Home Sale Price - January $76,600 $227,969 $233,270 2.3%
Average Home Sale Price - YTD $76,600 $227,969 $233,270 2.3%
Dollar Volume of Residential Real Estate Sales - January $13,209,378 $36,258,322 $52,252,490 44.1%
Dollar Volume of Residential Real Estate Sales - YTD $13,209,378 $36,258,322 $52,252,490 44.1%
Employment
Wage and Salary Employment - January 98,800 160,800 156,500 -2.7%
Wage and Salary Employment - YTD Average 98,800 160,800 156,500 -2.7%
Unemployment Rate - January 6.4 4.7 4.9 3.8%
Unemployment Rate - YTD Average 6.4 4.7 4.9 3.8%
TEXAS PBPI - January** 100.0 232.4 223.3 -3.9%
INDEX - January (Base = 100 January 1996) 100.0 209.7 190.5 -9.2%

* 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)