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 December 2018 |
Base Year 1996 |
Last Year 2017 |
This Year 2018 |
% Change 2017-2018 |
| Taxable Spending - December (Per Sales Tax Rebates) | $270,979,484 | $737,824,404 | $962,678,704 | 30.5% |
| Taxable Spending - 4th Quarter | $814,123,096 | $2,315,097,445 | $2,939,375,993 | 27.0% |
| Taxable Spending - YTD | $3,268,023,875 | $8,232,423,119 | $11,117,129,417 | 35.0% |
| Dollars Spent on Auto Purchases - December | $31,808,978 | $100,990,437 | $132,444,020 | 31.1% |
| Dollars Spent on Auto Purchases - 4th Quarter | $95,150,263 | $332,791,677 | $427,102,184 | 28.3% |
| Dollars Spent on Auto Purchases - YTD | $389,928,065 | $1,258,220,788 | $1,666,049,509 | 32.4% |
| Hotel/Motel Spending - Quarter | $9,646,784 | $47,840,832 | $77,715,484 | 62.4% |
| Hotel/Motel Spending - YTD | $35,972,575 | $151,187,497 | $283,303,275 | 87.4% |
| Airline Passenger Enplanements - December | 46,648 | 56,639 | 52,018 | -8.2% |
| Airline Passenger Enplanments - 4th Quarter | 136,989 | 150,948 | 159,258 | 5.5% |
| Airline Passenger Enplanements - YTD | 547,024 | 530,322 | 603,540 | 13.8% |
| Value All Building Permits - December | $11,833,530 | $27,244,725 | $76,229,647 | 179.8% |
| Value All Building Permits - 4th Quarter | $48,542,230 | $136,931,682 | $193,078,244 | 41.0% |
| Value All Building Permits - YTD | $236,471,381 | $699,920,628 | $963,203,403 | 37.6% |
| Permits for New Homes - December | 24 | 63 | 123 | 95.2% |
| Permits for New Homes - 4th Quarter | 94 | 243 | 322 | 32.5% |
| Permits for New Homes - YTD | 123 | 1,330 | 1,778 | 33.7% |
| Sales of Existing Homes - December | 148 | 347 | 341 | -1.7% |
| Sales of Existing Homes - 4th Quarter | 456 | 1,024 | 1,104 | 7.8% |
| Sales of Existing Homes - YTD | 2,470 | 4,100 | 4,521 | 10.3% |
| Average Home Sale Price - December | 77,700 | 261,721 | 280,002 | 7.0% |
| Average Home Sale Price - 4th Quarter | 74,433 | 256,196 | 281,435 | 9.9% |
| Average Home Sale Price - YTD | 76,967 | 259,771 | 282,925 | 8.9% |
| Dollar Volume of Residential Real Estate Sales - December | $18,868,709 | $93,123,590 | $95,480,631 | 2.5% |
| Dollar Volume of Residential Real Estate Sales - 4th Quarter | $55,803,233 | $269,646,241 | $311,395,511 | 15.5% |
| Dollar Volume of Residential Real Estate Sales - YTD | $318,167,564 | $1,105,399,436 | $1,292,587,438 | 16.9% |
| Employment | ||||
| Wage and Salary Employment - December | 102,300 | 173,400 | 180,900 | 4.3% |
| Wage and Salary Employment - 4th Quarter | 102,300 | 172,665 | 180,435 | 4.5% |
| Wage and Salary Employment - YTD Average | 100,175 | 166,600 | 177,835 | 6.7% |
| Unemployment Rate - December | 4.7 | 2.6 | 2.3 | -9.9% |
| Unemployment Rate - 4th Quarter | 5.0 | 2.7 | 2.3 | -14.9% |
| Unemployment Rate - YTD Average | 5.7 | 3.5 | 2.5 | -28.3% |
| TEXAS PBPI - December | 111.5 | 288.7 | 343.8 | 19.1% |
| INDEX - December (Base = 100 January 1996) | 106.7 | 222.4 | 260.1 | 16.9% |
