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% |