Midland-Odessa Regional Economic Index

 

Midland-Odessa Regional Economic Index

Economic Indicators*

July 2017

Base Year

1996

Last Year

2016

This Year

2017

% Change

2016-2017

Retail Sales - July (Per Sales Tax Rebates) $211,678,024 $495,732,233 $655,627,374 32.3%
Retail Sales - YTD $1,813,069,724 $3,963,533,922 $4,280,797,799 8.0%
Dollars Spent on Auto Purchases - July $34,066,852 $81,907,804 $96,961,996 18.4%
Dollars Spent on Auto Purchases - YTD $227,908,541 $562,521,969 $682,896,937 21.4%
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 - July 48,702 40,427 45,023 11.4%
Airline Passenger Enplanements - YTD 319,264 270,194 296,209 9.6%
Value All Building Permits - July $14,593,115 $81,085,002 $85,890,788 5.9%
Value All Building Permits - YTD $140,695,451 $358,383,720 $438,779,545 22.4%
Permits for New Homes - July 27 83 166 100.0%
Permits for New Homes - YTD 263 594 893 50.3%
Sales of Existing Homes - July 270 278 373 34.2%
Sales of Existing Homes - YTD 1,500 1,823 2,367 29.8%
Average Home Sale Price - July $77,800 $254,571 $264,366 3.8%
Average Home Sale Price - YTD $76,986 $240,893 $258,205 7.2%
Dollar Volume of Residential Real Estate Sales - July $33,665,802 $72,508,189 $98,608,643 36.0%
Dollar Volume of Residential Real Estate Sales - YTD $186,836,287 $451,604,902 $614,784,859 36.1%
Employment
Wage and Salary Employment - July 98,300 154,800 158,300 2.3%
Wage and Salary Employment - YTD Average 99,230 157,300 157,655 0.2%
Unemployment Rate - July 6.3 6.0 3.7 -38.7%
Unemployment Rate - YTD Average 6.1 5.4 4.3 -19.8%
TEXAS PBPI - July** 103.7 209.7 255.3 21.7%
INDEX - July (Base = 100 January 1996) 103.7 194.1 202.5 4.4%

* 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)