Midland-Odessa Regional Economic Index

The Midland-Odessa region has also experienced significant economic growth, growing at more than 20% 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

September 2018

Base Year

1996

Last Year

2017

This Year

2018

% Change

2017-2018

Taxable Spending - September (Per Sales Tax Rebates) $257,412,559 $707,328,880 $901,054,978 27.4%
Taxable Spending - 3rd Quarter $801,107,285 $2,173,905,830 $2,857,686,669 31.5%
Taxable Spending - YTD $2,441,112,561 $5,886,488,220 $8,135,136,013 38.2%
Dollars Spent on Auto Purchases - September $29,888,110 $99,751,743 $118,007,543 18.3%
Dollars Spent on Auto Purchases - 3rd Quarter $96,034,977 $323,457,093 $406,968,260 25.8%
Dollars Spent on Auto Purchases - YTD $290,156,482 $910,920,880 $1,219,523,974 33.9%
Hotel/Motel Spending - Quarter $9,408,950 $42,594,239 $81,497,764 91.3%
Hotel/Motel Spending - YTD $26,128,927 $102,573,840 $204,050,409 98.9%
Airline Passenger Enplanements - September 44,654 40,175 47,708 18.8%
Airline Passenger Enplanements - 3rd Quarter 139,473 129,233 154,149 19.3%
Airline Passenger Enplanements - YTD 410,035 380,419 444,282 16.8%
Value All Building Permits - September $11,539,035 $31,220,256 $54,663,884 75.1%
Value All Building Permits - 3rd Quarter $50,723,506 $178,662,740 $209,611,038 17.3%
Value All Building Permits - YTD $185,564,100 $555,903,841 $760,331,978 36.8%
Permits for New Homes - September 28 93 124 33.3%
Permits for New Homes - 3rd Quarter 93 360 488 35.6%
Permits for New Homes - YTD 329 1,087 1,456 33.9%
Sales of Existing Homes - September 244 354 403 13.8%
Sales of Existing Homes - 3rd Quarter 784 1,097 1,241 13.1%
Sales of Existing Homes - YTD 2,014 3,076 3,407 10.8%
Average Home Sale Price - September $83,600 $269,142 $303,950 12.9%
Average Home Sale Price - 3rd Quarter $79,733 $266,342 $290,525 9.1%
Average Home Sale Price - YTD $77,811 $261,108 $283,181 8.5%
Dollar Volume of Residential Real Estate Sales - September $33,526,338 $97,800,684 $122,491,866 25.2%
Dollar Volume of Residential Real Estate Sales - 3rd Quarter $102,857,489 $300,607,283 $361,162,184 20.1%
Dollar Volume of Residential Real Estate Sales - YTD $260,796,955 $831,230,294 $971,697,580 16.9%
Employment
Wage and Salary Employment - September 100,700 170,600 180,100 5.6%
Wage and Salary Employment - 3rd Quarter 99,635 169,200 179,565 6.1%
Wage and Salary Employment - YTD Average 99,465 164,580 179,965 9.3%
Unemployment Rate - September 5.3 3.0 2.4 -18.7%
Unemployment Rate - 3rd Quarter 5.7 3.3 2.5 -24.1%
Unemployment Rate - YTD Average 6.0 3.8 3.1 -17.6%
TEXAS PBPI - September 105.6 271.7 338.4 24.6%
INDEX - September (Base = 100 January 1996) 104.7 213.0 253.0 18.8%