Midland-Odessa Regional Economic Index

 

Midland-Odessa Regional Economic Index

Economic Indicators*

April 2017

Base Year

1996

Last Year

2016

This Year

2017

% Change

2016-2017

Retail Sales - April (Per Sales Tax Rebates) $236,259,928 $480,371,805 $555,820,530 15.7%
Retail Sales - YTD $1,049,597,307 $2,321,143,857 $2,344,864,368 1.0%
Dollars Spent on Auto Purchases - April $33,846,534 $88,980,703 $89,604,746 0.7%
Dollars Spent on Auto Purchases - YTD $127,525,811 $320,513,341 $362,542,453 13.1%
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 - April 43,716 38,313 40,193 4.9%
Airline Passenger Enplanements - YTD 170,890 145,434 156,485 7.6%
Value All Building Permits - April $35,102,464 $44,697,379 $36,058,097 -19.3%
Value All Building Permits - YTD $77,495,745 $192,153,449 $209,145,709 8.8%
Permits for New Homes - April 48 96 107 11.5%
Permits for New Homes - YTD 152 302 494 63.6%
Sales of Existing Homes - April 229 267 295 10.5%
Sales of Existing Homes - YTD 737 886 1,195 34.9%
Average Home Sale Price - April $72,700 $226,269 $250,766 10.8%
Average Home Sale Price - YTD $76,300 $231,016 $247,639 7.2%
Dollar Volume of Residential Real Estate Sales - April $26,752,956 $61,769,044 $73,975,995 19.8%
Dollar Volume of Residential Real Estate Sales - YTD $90,677,009 $209,627,623 $296,869,146 41.6%
Employment
Wage and Salary Employment - April 98,600 157,000 157,400 0.3%
Wage and Salary Employment - YTD Average 99,075 158,875 157,250 -1.0%
Unemployment Rate - April 5.9 5.4 4.2 -23.4%
Unemployment Rate - YTD Average 6.0 5.1 4.7 -8.3%
TEXAS PBPI - April** 102.1 216.4 240.8 11.3%
INDEX - April (Base = 100 January 1996) 102.2 201.3 194.5 -3.4%

* 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)