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% |
