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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 851 Jan.-June 554 Camarillo 81 Jan.-May 20 Fillmore 23 Jan.-June 25 Moorpark 61 Jan.-July 91 Ojai 2 Jan.-June 3 Oxnard 58 Jan.-June 102 Port Hueneme 0 Jan.-June 16 Santa Paula 1 Jan.-June 7 Simi Valley 45 Jan.-May 47 Thousand Oaks 194 Jan.-July 67 Ventura 179 Jan.-May 80 All residential units, single-family and multiple 1,174 Jan.-June 645 Value of all residential permits (in millions of dollars) Ventura County 200.5 Jan.-June 136.9 Camarillo 20.6 Jan.-May 6.2 Fillmore 3.4 Jan.-June 4.0 Moorpark 19.8 Jan.-July 22.1 Ojai 1.05 Jan.-June 0.56 Oxnard 18.7 Jan.-June 24.3 Port Hueneme 0.4 Jan.-June 2.2 Santa Paula 0.52 Jan.-June 1.59 Simi Valley 10.0 Jan.-May 13.7 Thousand Oaks 44.6 Jan.-July 22.1 Ventura 27.1 Jan.-May 14.4 Value of commercial/industrial permits (in millions of dollars) Ventura County 87.5 Jan.-June 96.0 Camarillo 5.7 Jan.-May 4.9 Fillmore 0.0 Jan.-June 0.1 Moorpark 8.7 Jan.-July 16.3 Ojai 0.10 Jan.-June 0.11 Oxnard 14.9 Jan.-June 29.1 Port Hueneme 0.4 Jan.-June 9.4 Santa Paula 0.03 Jan.-June 1.04 Simi Valley 14.9 Jan.-May 10. Thousand Oaks 26.4 Jan.-July 14.4 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 $53.6 1993 Q4 $53.3 Fillmore $8.6 1993 Q4 $9.6 Moorpark $13.4 1993 Q4 $10.8 Ojai $13.6 1993 Q4 $14.1 Oxnard $243.0 1993 Q4 $218.5 Port Hueneme $10.3 1993 Q4 $11.3 Santa Paula $21.6 1993 Q4 $22.8 Simi Valley $130.0 1993 Q4 $133.8 Thousand Oaks $294.2 1993 Q4 $288.0 Ventura $249.0 1993 Q4 $245.7 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 $205.5 Jan.-June $213.0 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 3,594 Jan.-June 2,864 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 +53.6 Camarillo +305.0 Fillmore -8.0 Moorpark -33.0 Ojai -33.3 Oxnard -43.1 Port Hueneme -- Santa Paula -85.7 Simi Valley -4.3 Thousand Oaks +189.6 Ventura +123.8 All residential units, single-family and multiple +82.0 Value of all residential permits (in millions of dollars) Ventura County +46.4 Camarillo +234.6 Fillmore -13.9 Moorpark -10.3 Ojai +87.4 Oxnard -23.1 Port Hueneme -81.0 Santa Paula -67.5 Simi Valley -26.9 Thousand Oaks +101.6 Ventura +88.1 Value of commercial/industrial permits (in millions of dollars) Ventura County -8.9 Camarillo +17.6 Fillmore -- Moorpark -46.7 Ojai -14.4 Oxnard -48.7 Port Hueneme -95.8 Santa Paula -96.9 Simi Valley +37.1 Thousand Oaks +83.7 Ventura -23.8 INFLATION RATE Southern California -1.3 RETAIL SALES Cities by quarter (in millions of dollars) Camarillo +0.6 Fillmore -10.4 Moorpark +23.7 Ojai -3.4 Oxnard +11.2 Port Hueneme -8.7 Santa Paula -5.3 Simi Valley -2.8 Thousand Oaks +2.2 Ventura +1.4 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 -3.5 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 +25.5 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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