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Midland-Odessa Regional Economic Index

 

Midland-Odessa Regional Economic Index

Economic Indicators*

December 2016

Base Year

1996

Last Year

2015

This Year

2016

% Change

2015-2016

Taxable Spending - December (Per Sales Tax Rebates) $260,304,269 $560,417,757 $524,400,755 -6.4%
Taxable Spending - 4th Quarter $782,050,779 $1,854,741,386 $1,619,798,618 -12.7%
Taxable Spending - Annual $3,139,280,328 $8,153,906,840 $6,612,960,300 -18.9%
Dollars Spent on Auto Purchases - December $31,679,621 $83,191,763 $82,400,071 -1.0%
Dollars Spent on Auto Purchases - 4th Quarter $94,763,315 $254,823,562 $236,925,409 -7.0%
Dollars Spent on Auto Purchases - Annual $388,342,343 $1,159,276,295 $978,536,048 -15.6%
Hotel/Motel Spending - Quarter $9,410,005 $40,313,754 $25,022,280 -37.9%
Hotel/Motel Spending - YTD $35,089,632 $188,670,482 $114,630,385 -39.2%
Airline Passenger Enplanements - December 46,648 42,009 42,531 1.2%
Airline Passenger Enplanments - 4th Quarter 136,989 125,562 121,111 -3.5%
Airline Passenger Enplanements - Annual 547,024 508,116 466,334 -8.2%
Value All Building Permits - December $10,715,110 $55,847,534 $45,886,871 -17.8%
Value Al Building Permits - 4th Quarter $43,954,369 $138,350,037 $126,609,531 -8.5%
Value All Building Permits - Annual $214,121,813 $749,175,134 $553,009,005 -26.2%
Permits for New Homes - December 24 103 116 12.6%
Permits for New Homes - 4th Quarter 94 268 315 17.5%
Permits for New Homes - Annual 123 1,218 1,100 -9.7%
Sales of Existing Homes - December 148 250 285 14.0%
Sales of Existing Homes - 4th Quarter 456 675 789 16.9%
Sales of Existing Homes - Annual 2,470 3,169 3,206 1.2%
Average Home Sale Price - December $77,700 $236,604 $236,105 -0.2%
Average Home Sale Price - 4th Quarter $74,433 $247,828 $240,935 -2.8%
Average Home Sale Price - Annual $76,967 $242,731 $242,281 -0.2%
Dollar Volume of Residential Real Estate Sales - December $17,908,346 $60,274,914 $67,289,994 11.6%
Dollar Volume of Residential Real Estate Sales - 4th Quarter $52,963,008 $170,743,133 $190,435,307 11.5%
Dollar Volume of Residential Real Estate Sales - Annual $301,973,745 $790,649,382 $783,493,692 -0.9%
Employment
Wage and Salary Employment - December 102,300 165,900 165,400 -0.3%
Wage and Salary Employment - 4th Quarter Average 100,265 165,135 164,865 -0.2%
Wage and Salary Employment - Annual Average 100,040 168,260 163,985 -2.5%
Unemployment Rate - December 4.7 4.3 4.5 5.2%
Unemploymet Rate - 4th Quarter Average 5.0 4.4 4.6 3.3%
Unemployment Rate - Annual Average 5.7 4.0 5.1 26.6%
TEXAS PBPI - December** 111.9 242.0 217.9 -9.9%
INDEX - December (Base = 100 January 1996) 106.8 213.4 195.6 -8.4%

* 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)