Economic Profile

POPULATION

Latest Current reporting Year Percent level period ago change Ventura County 708,200 Jan. ’94 699,400 +1.3 Camarillo 56,500 Jan. ’94 56,140 +0.6 Fillmore 12,900 Jan. ’94 12,797 +0.8 Moorpark 27,150 Jan. ’94 26,713 +1.6 Ojai 7,925 Jan. ’94 7,853 +0.9 Oxnard 151,900 Jan. ’94 149,400 +1.7 Port Hueneme 21,850 Jan. ’94 20,471 +6.7 Santa Paula 26,850 Jan. ’94 26,732 +0.4 Simi Valley 103,700 Jan. ’94 102,900 +0.8 Thousand Oaks 110,300 Jan. ’94 109,100 +1.1 Ventura 97,000 Jan. ’94 96,000 +1.0

EMPLOYMENT

Latest Current reporting Year Percent level period ago change Agriculture 20,700 March 21,800 -5.0 Oil & gas extraction 2,200 March 2,200 0.0 Construction 9,000 March 8,300 +8.4 Durable manufacturing 29,700 March 30,900 -3.9 High technology 9,900 March 10,100 -2.0 Non-durable manufacturing 8,100 March 8,400 -3.6 Transportation & public utilities 10,300 March 10,500 -1.9 Wholesale trade 11,300 March 11,100 +1.8 Retail trade 41,500 March 42,800 -3.0 Finance, insurance & real estate 12,400 March 12,200 +1.6 Services 64,500 March 63,900 +0.9 Government 44,400 March 44,200 +0.5 Total employment in county 246,000 March 248,600 -1.0 Employed residents 353,800 March 341,300 +3.7 Unemployment rate 8.4% March 8.2% +2.4

EMPLOYMENT: Total employment

Latest Current reporting Year Percent level period ago change California (thousands) 12,311 April 12,377 -0.5 Nation (millions) 122.0 April 118.4 +3.0

BUILDING PERMITS: Residential permits, single-family

Latest Current reporting Year Percent level period ago change Ventura County 281 Jan.-Mar. 183 +53.6 Camarillo 25 Jan.-Mar. 2 +1150.0 Fillmore 0 Jan.-Mar. 10 0.0 Moorpark 22 Jan.-Mar. 90 -75.6 Ojai 0 Jan.-Mar. 0 0.0 Oxnard 30 Jan.-Mar. 34 -11.8 Port Hueneme 0 Jan.-Mar. 16 0.0 Santa Paula 0 Jan.-Mar. 1 0.0 Simi Valley 33 Jan.-Apr. 35 -5.7 Thousand Oaks 52 Jan.-Mar. 30 +73.3 Ventura 115 Jan.-Apr. 29 +296.6 All residential units, single-family and multiple 411 Jan.-Mar. 222 +85.1

BUILDING PERMITS: Value of all residential permits (in millions of dollars)

Latest Current reporting Year Percent level period ago change Ventura County 74.2 Jan.-Mar. 48.2 +54.1 Camarillo 9.5 Jan.-Mar. 1.0 +894.5 Fillmore 0.0 Jan.-Mar. 1.4 -96.7 Moorpark 6.7 Jan.-Apr. 21.9 -69.3 Ojai 0.0 Jan.-Feb. 0.0 -50.0 Oxnard 10.8 Jan.-Mar. 10.3 +5.4 Port Hueneme 0.1 Jan.-Mar. 1.9 -95.8 Santa Paula 0.0 Jan.-Feb. 0.7 0.0 Simi Valley 10.2 Jan.-Apr. 11.1 -7.4 Thousand Oaks 10.3 Jan.-Mar. 6.7 +54.3 Ventura 15.8 Jan.-Apr. 7.1 +122.5

BUILDING PERMITS: Value of commercial/industrial permits (in millions of dollars)

Latest Current reporting Year Percent level period ago change Ventura County 49.3 Jan.-Mar. 39.0 +26.4 Camarillo 4.1 Jan.-Mar. 3.1 +33.8 Fillmore 0.0 Jan.-Mar. 0.0 +301.7 Moorpark 7.7 Jan.-Apr. 10.8 -28.6 Ojai 0.2 Jan.-Feb. 0.0 +424.8 Oxnard 6.3 Jan.-Mar. 8.3 -23.8 Port Hueneme 0.4 Jan.-Mar. 9.4 -96.0 Santa Paula 0.0 Jan.-Mar. 1.0 0.0 Simi Valley 9.1 Jan.-Apr. 8.9 +1.7 Thousand Oaks 20.6 Jan.-Mar. 5.0 +311.4 Ventura 3.4 Jan.-Apr. 3.6 -5.1

INFLATION RATE

Latest Current reporting Year Percent level period ago change Southern California 1.4% April 2.0% -0.6

RETAIL SALES: Cities by quarter (in millions of dollars)

Latest Current reporting Year Percent level period ago change Camarillo $50.4 1993 Q3 $54.9 -8.2 Fillmore $10.1 1993 Q3 $10.9 -8.1 Moorpark $12.1 1993 Q3 $11.9 +1.6 Ojai $13.8 1993 Q3 $14.7 -6.5 Oxnard $215.8 1993 Q3 $219.8 -1.8 Port Hueneme $11.0 1993 Q3 $11.8 -6.7 Santa Paula $21.2 1993 Q3 $23.5 -10.1 Simi Valley $125.1 1993 Q3 $121.5 +3.0 Thousand Oaks $259.7 1993 Q3 $251.8 +3.1 Ventura $236.0 1993 Q3 $232.0 +1.7

HOTEL / MOTEL ROOM SALES: (In millions of dollars)

Latest Current reporting Year Percent level period ago change Camarillo 1.8 1994 Q1 1.7 +7.2 Ojai 1.9 1994 Q1 1.8 +3.6 Oxnard 4.0 1994 Q1 3.1 +29.6 Santa Paula 0.1 1994 Q1 0.2 -12.2 Simi Valley 1.6 1994 Q1 0.9 +82.3 Thousand Oaks 3.9 1994 Q1 2.6 +52.2 Ventura 3.8 1993 Q4 3.6 +5.0

MEDIAN HOME PRICES: (In thousands of dollars)

Latest Current reporting Year Percent level period ago change Ventura County $201.6 Jan.-Mar. $192.9 +4.5 Camarillo $251.6 Jan.-Feb. $209.1 +20.3 Fillmore $167.0 Jan.-Feb. $164.2 +1.7 Moorpark $225.9 Jan.-Feb. $247.1 -8.6 Ojai $186.9 Jan.-Feb. $228.9 -18.4 Oxnard $169.5 Jan.-Feb. $176.7 -4.1 Port Hueneme $130.3 Jan.-Feb. $162.4 -19.8 Santa Paula $149.5 Jan.-Feb. $151.0 -1.0 Simi Valley $176.1 Jan.-Feb. $174.8 +0.8 Thousand Oaks $265.0 Jan.-Feb. $252.8 +4.8 Ventura $185.8 Jan.-Feb. $184.8 +0.5

HOME SALES

Latest Current reporting Year Percent level period ago change Ventura County 1,778 Jan.-Mar. 1,152 +54.3

MORTGAGE RATE

Latest Current reporting Year Percent level period ago change Southern California average 6.42% 1994 Q1 6.97% -0.55

HOUSING VACANCY RATE

Latest Current reporting Year Percent level period ago change Ventura County 5.0% 1994 4.8% +0.2 Camarillo 3.5% 1994 3.4% +0.1 Fillmore 4.0% 1994 3.7% +0.3 Moorpark 3.6% 1994 3.6% +0.1 Ojai 2.9% 1994 3.1% -0.1 Oxnard 5.3% 1994 4.9% +0.5 Port Hueneme 10.7% 1994 10.6% +0.1 Santa Paula 5.4% 1994 5.4% +0.1 Simi Valley 3.3% 1994 3.2% +0.01 Thousand Oaks 3.0% 1994 3.1% -0.1 Ventura 5.1% 1994 5.0% +0.0

Prepared by: UC Santa Barbara Economic Forecast Project