Midland-Odessa Regional Economic Index

The Midland-Odessa region has also experienced significant economic growth, growing at 19.6% overall. We invite you to view the tables below for updated economic data and to contact the MDC staff for additional information.


Midland-Odessa Regional Economic Index

Economic Indicators

June 2018

Base Year

1996

Last Year

2017

This Year

2018

% Change

2017-2018

Taxable Spending - June (Per Sales Tax Rebates) $244,153,777 $602,195,638 $851,860,478 41.5%
Taxable Spending - 2nd Quarter $798,798,809 $1,861,592,283 $2,660,226,868 42.9%
Taxable Spending - YTD $1,629,955,281 $3,689,831,588 $5,245,108,996 42.2%
Dollars Spent on Auto Purchases - June $32,687,254 $110,234,574 $131,801,430 19.6%
Dollars Spent on Auto Purchases - 2nd Quarter $101,247,054 $316,327,992 $419,783,294 32.7%
Dollars Spent on Auto Purchases - YTD $194,574,729 $588,835,363 $814,452,821 38.3%
Hotel/Motel Spending - Quarter $8,057,127 $31,428,162 $70,345,571 123.8%
Hotel/Motel Spending - YTD $16,679,166 $59,833,201 $122,253,515 104.3%
Airline Passenger Enplanements - June 49,408 48,080 54,747 13.9%
Airline Passenger Enplanements - 2nd Quarter 143,388 134,894 156,376 15.9%
Airline Passenger Enplanements - YTD 270,562 251,186 290,133 15.5%
Value All Building Permits - June $20,691,701 $113,201,542 $49,964,699 -55.9%
Value All Building Permits - 2nd Quarter $87,581,734 $186,941,334 $189,141,455 1.2%
Value All Building Permits - YTD $132,419,916 $370,468,815 $502,603,845 35.7%
Permits for New Homes - June 33 133 193 45.1%
Permits for New Homes - 2nd Quarter 132 340 473 39.1%
Permits for New Homes - YTD 236 727 970 33.4%
Sales of Existing Homes - June 149 415 420 1.2%
Sales of Existing Homes - 2nd Quarter 722 1,087 1,214 11.7%
Sales of Existing Homes - YTD 1,230 1,979 2,155 8.9%
Average Home Sale Price - June $81,400 $275,957 $302,111 9.5%
Average Home Sale Price - 2nd Quarter $76,200 $267,446 $293,790 9.8%
Average Home Sale Price - YTD $76,850 $258,207 $280,310 8.6%
Dollar Volume of Residential Real Estate Sales - June $33,396,453 $117,679,242 $126,886,801 7.8%
Dollar Volume of Residential Real Estate Sales - 2nd Quarter $91,074,660 $299,325,771 $357,373,109 19.4%
Dollar Volume of Residential Real Estate Sales - YTD $157,054,288 $527,649,113 $606,914,228 15.0%
Employment
Wage and Salary Employment - June 100,200 166,700 178,200 6.9%
Wage and Salary Employment - 2nd Quarter Average 99,535 165,000 177,800 7.8%
Wage and Salary Employment - YTD Average 99,385 162,265 175,535 8.2%
Unemployment Rate - June 6.4 3.6 2.8 -23.9%
Unemployment Rate - 2nd Quarter Average 6.1 3.6 2.5 -29.7%
Unemployment Rate - YTD Average 6.1 4.1 2.7 -34.4%
TEXAS PBPI - June 101.5 254.0 322.5 27.0%
INDEX - June (Base = 100 January 1996) 103.6 202.4 245.0 21.0%