Midland-Odessa Regional Economic Index

The Midland-Odessa region is experiencing significant economic growth. 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 2019

Base Year

1996

Last Year

2018

This Year

2019

% Change

2018-2019

Taxable Spending - June (Per Sales Tax Rebates) $249,646,269 $871,023,958 $962,973,906 10.6%
Taxable Spending - 2nd Quarter $816,768,613 $2,720,071,418 $2,974,225,510 9.3%
Taxable Spending - YTD $1,666,622,807 $5,363,103,137 $5,991,546,133 11.7%
Dollars Spent on Auto Purchases - June $32,856,745 $132,360,187 $145,035,253 9.6%
Dollars Spent on Auto Purchases - 2nd Quarter $101,772,043 $421,474,737 $428,088,137 1.6%
Dollars Spent on Auto Purchases - YTD $195,583,643 $818,438,561 $833,880,747 1.9%
Hotel/Motel Spending - Quarter $8,212,139 $71,698,958 $61,301,591 -14.5%
Hotel/Motel Spending - YTD $17,000,058 $124,605,564 $117,641,730 -5.6%
Airline Passenger Enplanements - June 49,408 54,747 58,838 7.5%
Airline Passenger Enplanments - 2nd Quarter 143,388 156,376 165,536 5.9%
Airline Passenger Enplanements - YTD 270,562 290,133 308,376 6.3%
Value All Building Permits - June $21,517,447 $55,030,132 $149,635,662 171.9%
Value All Building Permits - 2nd Quarter $91,076,871 $236,704,737 $303,923,443 28.4%
Value All Building Permits - YTD $137,704,415 $562,431,857 $633,412,112 12.6%
Permits for New Homes - June 33 193 190 -1.6%
Permits for New Homes - 2nd Quarter 132 471 434 -7.9%
Permits for New Homes - YTD 236 968 772 -20.2%
Sales of Existing Homes - June 149 426 422 -0.9%
Sales of Existing Homes - 2nd Quarter 722 1,217 1,289 5.9%
Sales of Existing Homes - YTD 1,230 2,168 2,245 3.6%
Average Home Sale Price - June $81,400 $297,932 $317,060 6.4%
Average Home Sale Price - 2nd Quarter $76,200 $292,708 $307,997 5.2%
Average Home Sale Price - YTD $76,850 $279,553 $301,840 8.0%
Dollar Volume of Residential Real Estate Sales - June $34,222,836 $130,059,773 $133,799,170 2.9%
Dollar Volume of Residential Real Estate - 2nd Quarter $93,328,271 $365,768,085 $397,914,961 8.8%
Dollar Volume of Residential Real Estate Sales - YTD $160,940,541 $624,001,834 $680,877,425 9.1%
Employment
Wage and Salary Employment - June 100,200 189,300 193,800 2.4%
Wage and Salary Employment - 2nd Quarter Average 99,535 188,100 192,935 2.6%
Wage and Salary Employment - YTD Average 99,385 184,650 192,665 4.3%
Unemployment Rate - June 6.4 2.6 2.3 -9.7%
Unemployment Rate - 2nd Quarter 6.1 2.3 2.0 -13.6%
Unemployment Rate - YTD Average 6.1 2.5 2.2 -11.4%
TEXAS PBPI - June 101.7 329.6 332.0 0.7%
INDEX - June (Base = 100 January 1996) 103.6 250.7 273.8 9.2%