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 21,600 June 23,000 Oil & gas extraction 2,100 June 2,200 Construction 9,800 June 9,200 Durable manufacturing 21,000 June 21,900 High technology 9,500 June 9,700 Non-durable manufacturing 8,900 June 9,100 Transportation & public utilities 10,600 June 10,200 Wholesale trade 11,700 June 11,400 Retail trade 42,000 June 42,800 Finance, insurance & real estate 12,300 June 12,300 Services 64,400 June 64,300 Government 43,600 June 43,900 Total employment in county 248,000 June 250,300 Employed residents 356,000 May 347,300 Unemployment rate 6.4% May 7.8% Total employment California (thousands) 12,398 June 12,448 Nation (millions) 122.5 June 119.2 BUILDING PERMITS Residential permits, single-family Ventura County 553 Jan.-May 448 Camarillo 81 Jan.-May 20 Fillmore 23 Jan.-June 25 Moorpark 44 Jan.-June 91 Ojai 0 Jan.-May 2 Oxnard 58 Jan.-June 102 Port Hueneme 0 Jan.-May 16 Santa Paula 1 Jan.-May 5 Simi Valley 33 Jan.-Apr. 35 Thousand Oaks 171 Jan.-June 60 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 15.4 Jan.-June 22.0 Ojai 0.42 Jan.-May 0.34 Oxnard 18.7 Jan.-June 24.3 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 39.8 Jan.-June 18.3 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 8.5 Jan.-June 16.3 Ojai 0.08 Jan.-May 0.10 Oxnard 14.9 Jan.-June 29.1 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 25.7 Jan.-June 13.0 Ventura 3.7 Jan.-May 4.8 INFLATION RATE Southern California 1.1% June 2.4% 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 $227.3 Jan.-Apr. $214.2 Fillmore $148.1 Jan.-Apr. $183.1 Moorpark $221.3 Jan.-Apr. $261.1 Ojai $206.9 Jan.-Apr. $211.4 Oxnard $170.5 Jan.-Apr. $177.2 Port Hueneme $140.3 Jan.-Apr. $184.2 Santa Paula $147.5 Jan.-Apr. $160.4 Simi Valley $178.2 Jan.-Apr. $186.1 Thousand Oaks $263.4 Jan.-Apr. $259.3 Ventura $182.3 Jan.-Apr. $186.5 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 +6.5 Durable manufacturing -4.1 High technology -2.1 Non-durable manufacturing -2.2 Transportation & public utilities +3.9 Wholesale trade +2.6 Retail trade -1.9 Finance, insurance & real estate ---- Services +0.2 Government -0.7 Total employment in county -0.9 Employed residents +2.5 Unemployment rate -1.4 Total employment California (thousands) -0.4 Nation (millions) +2.8 BUILDING PERMITS Residential permits, single-family Ventura County +23.4 Camarillo +305.0 Fillmore -8.0 Moorpark -51.6 Ojai ---- Oxnard -43.1 Port Hueneme ---- Santa Paula ---- Simi Valley -5.7 Thousand Oaks +185.0 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 -30.0 Ojai +20.9 Oxnard -23.1 Port Hueneme -84.5 Santa Paula -61.6 Simi Valley -7.4 Thousand Oaks +117.9 Ventura +88.1 Value of commercial/industrial permits (in millions of dollars) Ventura County -12.0 Camarillo +17.6 Fillmore ---- Moorpark -47.6 Ojai -27.9 Oxnard -48.7 Port Hueneme -95.8 Santa Paula -98.0 Simi Valley +1.7 Thousand Oaks +97.8 Ventura -23.8 INFLATION RATE Southern California -1.3 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 +6.1 Fillmore -19.1 Moorpark -15.2 Ojai -2.1 Oxnard -3.8 Port Hueneme -23.8 Santa Paula -8.0 Simi Valley -4.2 Thousand Oaks +1.6 Ventura -2.3 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