Economic Profile

Latest Current reporting Year level period ago POPULATION Ventura County 708,200 Jan. '94 699,400 Camarillo 56,500 Jan. '94 56,140 Fillmore 12,900 Jan. '94 12,797 Moorpark 27,150 Jan. '94 26,713 Ojai 7,925 Jan. '94 7,853 Oxnard 151,900 Jan. '94 149,400 Port Hueneme 21,850 Jan. '94 20,471 Santa Paula 26,850 Jan. '94 26,732 Simi Valley 103,700 Jan. '94 102,900 Thousand Oaks 110,300 Jan. '94 109,100 Ventura 97,000 Jan. '94 96,000 EMPLOYMENT Agriculture 24,800 May 26,400 Oil & gas extraction 2,100 May 2,200 Construction 9,300 May 9,200 Durable manufacturing 21,400 May 22,100 High technology 9,700 May 9,800 Non-durable manufacturing 8,700 May 8,900 Transportation & public utilities 10,500 May 10,200 Wholesale trade 11,600 May 11,300 Retail trade 41,800 May 42,600 Finance, insurance & real estate 12,200 May 12,300 Services 65,200 May 64,600 Government 43,900 May 44,300 Total employment in county 251,500 May 254,100 Employed residents 356,000 May 347,300 Unemployment rate 6.4% May 7.8% Total employment California (thousands) 12,410 May 12,448 Nation (millions) 122.1 May 119.3 BUILDING PERMITS Residential permits, single-family Ventura County 553 Jan.-May 448 Camarillo 81 Jan.-May 20 Fillmore 23 Jan.-June 25 Moorpark 22 Jan.-May 91 Ojai 0 Jan.-May 2 Oxnard 42 Jan.-Apr. 36 Port Hueneme 0 Jan.-May 16 Santa Paula 1 Jan.-May 5 Simi Valley 33 Jan.-Apr. 35 Thousand Oaks 69 Jan.-May 47 Ventura 179 Jan.-May 80 All residential units, single-family and multiple 719 Jan.-May 517 Value of all residential permits (in millions of dollars) Ventura County 130.3 Jan.-May 109.3 Camarillo 20.6 Jan.-May 6.2 Fillmore 3.4 Jan.-June 4.0 Moorpark 6.7 Jan.-May 22.0 Ojai 0.42 Jan.-May 0.34 Oxnard 14.3 Jan.-Apr. 11.6 Port Hueneme 0.3 Jan.-May 2.1 Santa Paula 0.50 Jan.-May 1.29 Simi Valley 10.2 Jan.-Apr. 11.1 Thousand Oaks 19.2 Jan.-May 13.9 Ventura 27.1 Jan.-May 14.4 Value of commercial/industrial permits (in millions of dollars) Ventura County 75.8 Jan.-May 86.2 Camarillo 5.7 Jan.-May 4.9 Fillmore 0.0 Jan.-June 0.1 Moorpark 7.7 Jan.-May 10.8 Ojai 0.08 Jan.-May 0.10 Oxnard 8.6 Jan.-Apr. 22.7 Port Hueneme 0.4 Jan.-May 9.4 Santa Paula 0.02 Jan.-May 1.04 Simi Valley 9.1 Jan.-Apr. 8.9 Thousand Oaks 22.4 Jan.-May 9.5 Ventura 3.7 Jan.-May 4.8 INFLATION RATE Southern California 0.9% May 2.8% RETAIL SALES Cities by quarter (in millions of dollars) Camarillo $50.4 1993 Q3 $54.9 Fillmore $10.1 1993 Q3 $10.9 Moorpark $12.1 1993 Q3 $11.9 Ojai $13.8 1993 Q3 $14.7 Oxnard $215.8 1993 Q3 $219.8 Port Hueneme $11.0 1993 Q3 $11.8 Santa Paula $21.2 1993 Q3 $23.5 Simi Valley $125.1 1993 Q3 $121.5 Thousand Oaks $259.7 1993 Q3 $251.8 Ventura $236.0 1993 Q3 $232.0 HOTEL / MOTEL ROOM SALES (In millions of dollars) Camarillo 1.8 1994 Q1 1.7 Ojai 1.9 1994 Q1 1.8 Oxnard 4.0 1994 Q1 3.1 Santa Paula 0.1 1994 Q1 0.2 Simi Valley 1.6 1994 Q1 0.9 Thousand Oaks 3.9 1994 Q1 2.6 Ventura 3.8 1993 Q4 3.6 MEDIAN HOME PRICES (In thousands of dollars) Ventura County $202.5 Jan.-May $210.1 Camarillo $230.4 Jan.-Mar. $207.1 Fillmore $146.8 Jan.-Mar. $181.1 Moorpark $221.9 Jan.-Mar. $254.9 Ojai $194.3 Jan.-Mar. $225.6 Oxnard $171.6 Jan.-Mar. $171.0 Port Hueneme $163.1 Jan.-Mar. $156.7 Santa Paula $147.4 Jan.-Mar. $158.0 Simi Valley $175.7 Jan.-Mar. $188.0 Thousand Oaks $261.2 Jan.-Mar. $258.2 Ventura $186.1 Jan.-Mar. $183.2 HOME SALES Ventura County 2,778 Jan.-May 2,231 MORTGAGE RATE Southern California average 6.42% 1994 Q1 6.97% HOUSING VACANCY RATE Ventura County 5.0% 1994 4.8% Camarillo 3.5% 1994 3.4% Fillmore 4.0% 1994 3.7% Moorpark 3.6% 1994 3.6% Ojai 2.9% 1994 3.1% Oxnard 5.3% 1994 4.9% Port Hueneme 10.7% 1994 10.6% Santa Paula 5.4% 1994 5.4% Simi Valley 3.3% 1994 3.2% Thousand Oaks 3.0% 1994 3.1% Ventura 5.1% 1994 5.0%

Percent change POPULATION Ventura County +1.3 Camarillo +0.6 Fillmore +0.8 Moorpark +1.6 Ojai +0.9 Oxnard +1.7 Port Hueneme +6.7 Santa Paula +0.4 Simi Valley +0.8 Thousand Oaks +1.1 Ventura +1.0 EMPLOYMENT Agriculture -6.1 Oil & gas extraction -4.5 Construction +1.1 Durable manufacturing -3.2 High technology -1.0 Non-durable manufacturing -2.2 Transportation & public utilities +2.9 Wholesale trade +2.7 Retail trade -1.9 Finance, insurance & real estate -0.8 Services +0.9 Government -0.9 Total employment in county -1.0 Employed residents +2.5 Unemployment rate -1.4 Total employment California (thousands) -0.3 Nation (millions) +2.4 BUILDING PERMITS Residential permits, single-family Ventura County +23.4 Camarillo +305.0 Fillmore -8.0 Moorpark -75.8 Ojai ---- Oxnard +16.7 Port Hueneme ---- Santa Paula ---- Simi Valley -5.7 Thousand Oaks +46.8 Ventura +123.8 All residential units, single-family and multiple +39.1 Value of all residential permits (in millions of dollars) Ventura County +19.2 Camarillo +234.6 Fillmore -13.9 Moorpark -69.5 Ojai +20.9 Oxnard +23.2 Port Hueneme -84.5 Santa Paula -61.6 Simi Valley -7.4 Thousand Oaks +38.4 Ventura +88.1 Value of commercial/industrial permits (in millions of dollars) Ventura County -12.0 Camarillo +17.6 Fillmore ---- Moorpark -28.8 Ojai -27.9 Oxnard -61.9 Port Hueneme -95.8 Santa Paula -98.0 Simi Valley +1.7 Thousand Oaks +136.2 Ventura -23.8 INFLATION RATE Southern California -1.9 RETAIL SALES Cities by quarter (in millions of dollars) Camarillo -8.2 Fillmore -8.1 Moorpark +1.6 Ojai -6.5 Oxnard -1.8 Port Hueneme -6.7 Santa Paula -10.1 Simi Valley +3.0 Thousand Oaks +3.1 Ventura +1.7 HOTEL / MOTEL ROOM SALES (In millions of dollars) Camarillo +7.2 Ojai +3.6 Oxnard +29.6 Santa Paula -12.2 Simi Valley +82.3 Thousand Oaks +52.2 Ventura +5.0 MEDIAN HOME PRICES (In thousands of dollars) Ventura County -3.6 Camarillo +11.2 Fillmore -18.9 Moorpark -13.0 Ojai -13.9 Oxnard +0.4 Port Hueneme +4.1 Santa Paula -6.7 Simi Valley -6.5 Thousand Oaks +1.2 Ventura +1.6 HOME SALES Ventura County +24.5 MORTGAGE RATE Southern California average -0.55 HOUSING VACANCY RATE Ventura County +0.2 Camarillo +0.1 Fillmore +0.3 Moorpark +0.1 Ojai -0.1 Oxnard +0.5 Port Hueneme +0.1 Santa Paula +0.1 Simi Valley +0.1 Thousand Oaks -0.1 Ventura +0.0

Prepared by: UC Santa Barbara Economic Forecast Project

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