0 Articles
0 News
0 Properties
0 Page

Midland-Odessa Regional Economic Index

 

Midland-Odessa Regional Economic Index

Economic Indicators*

March 2017

Base Year

1996

Last Year

2016

This Year

2017

% Change

2016-2017

Retail Sales - March (Per Sales Tax Rebates) $215,975,196 $497,417,549 $552,212,508 11.0%
Retail Sales - YTD $812,013,045 $1,837,774,776 $1,786,130,790 -2.8%
Dollars Spent on Auto Purchases - March $33,201,916 $86,528,803 $102,386,457 18.3%
Dollars Spent on Auto Purchases - YTD $93,870,201 $232,004,515 $273,493,969 17.9%
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 - March 48,155 40,166 45,141 12.4%
Airline Passenger Enplanements - YTD 127,174 107,121 116,292 8.6%
Value All Building Permits - March $12,360,545 $47,661,554 $64,733,175 35.8%
Value All Building Permits - YTD $42,261,517 $146,997,757 $172,538,115 17.4%
Permits for New Homes - March 39 79 173 119.0%
Permits for New Homes - YTD 104 206 387 87.9%
Sales of Existing Homes - March 231 271 388 43.2%
Sales of Existing Homes - YTD 508 619 896 44.7%
Average Home Sale Price - March $79,400 $235,697 $251,703 6.8%
Average Home Sale Price - YTD $77,500 $233,064 $246,335 5.7%
Dollar Volume of Residential Real Estate Sales - March $29,527,591 $65,240,439 $97,660,814 49.7%
Dollar Volume of Residential Real Estate Sales - YTD $63,775,824 $147,515,721 $221,139,450 49.9%
Employment
Wage and Salary Employment - March 99,600 157,900 157,400 -0.3%
Wage and Salary Employment - YTD Average 99,235 159,500 157,200 -1.4%
Unemployment Rate - March 5.8 5.3 4.7 -11.2%
Unemployment Rate - YTD Average 6.1 5.0 4.9 -2.8%
TEXAS PBPI - March** 101.0 221.3 234.3 5.6%
INDEX - March (Base = 100 January 1996) 101.8 203.5 193.1 -5.1%

* 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)