Midland-Odessa Regional Economic Index

 

Midland-Odessa Regional Economic Index

Economic Indicators*

March 2018

Base Year

1996

Last Year

2017

This Year

2018

% Change

2017-2018

Taxable Spending - March (Per Sales Tax Rebates) $219,867,896 $562,165,489 $864,795,950 53.8%
Taxable Spending - YTD $826,648,627 $1,818,323,700 $2,570,862,809 41.4%
Dollars Spent on Auto Purchases - March $33,132,714 $102,359,604 $120,475,323 17.7%
Dollars Spent on Auto Purchases - YTD $93,674,551 $273,520,215 $396,136,418 44.8%
Hotel/Motel Spending - Quarter $8,628,679 $28,426,914 $51,947,920 82.7%
Hotel/Motel Spending - YTD $8,628,679 $28,426,914 $51,947,920 82.7%
Airline Passenger Enplanements - March 48,155 45,141 50,438 11.7%
Airline Passenger Enplanements - YTD 127,174 116,292 133,757 15.0%
Value All Building Permits - March $12,871,002 $67,397,505 $51,598,351 -23.4%
Value All Building Permits - YTD $44,006,803 $180,124,559 $307,656,639 70.8%
Permits for New Homes - March 39 173 173 0.0%
Permits for New Homes - YTD 104 387 497 28.4%
Sales of Existing Homes - March 231 386 384 -0.5%
Sales of Existing Homes - YTD 508 892 944 5.8%
Average Home Sale Price - March $79,400 $252,994 $260,052 2.8%
Average Home Sale Price - YTD $77,500 $246,947 $262,705 6.4%
Dollar Volume of Residential Real Estate Sales - March $30,346,172 $100,362,770 $99,859,856 -0.5%
Dollar Volume of Residential Real Estate Sales - YTD $65,543,854 $226,815,342 $248,477,737 9.6%
Employment
Wage and Salary Employment - March 99,600 161,000 173,300 7.6%
Wage and Salary Employment - YTD Average 99,235 159,535 172,800 8.3%
Unemployment Rate - March 5.8 4.2 2.8 -33.6%
Unemployment Rate - YTD Average 6.1 4.5 2.8 -38.2%
TEXAS PBPI - March** 101.0 235.9 302.5 28.2%
INDEX - March (Base = 100 January 1996) 101.8 194.0 232.8 20.0%

* 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)