Economic Profile

For January 2, 1995

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 10,500 Nov. 13,900 -24.5 Oil & gas extraction 2,000 Nov. 2,200 -9.1 Construction 10,400 Nov. 9,400 +10.6 Durable manufacturing 20,100 Nov. 21,300 -5.6 Electronic equipment 9,200 Nov. 9,600 -4.2 Non-durable manufacturing 8,400 Nov. 8,400 -- Transportation & public utilities 10,400 Nov. 10,200 +2.0 Wholesale trade 11,300 Nov. 10,700 +5.6 Retail trade 43,700 Nov. 42,800 +2.1 Finance, insurance & real estate 11,500 Nov. 12,200 -5.7 Services 65,200 Nov. 64,300 +1.4 Government 43,000 Nov. 44,000 -2.3 Total employment in county 236,500 Nov. 239,400 -1.2 Employed residents 343,600 Nov. 341,400 +0.6 Unemployment rate 7.7% Nov. 8.5% -0.8 Total employment California (thousands) 12,337 Nov. 12,328 +0.1 Nation (millions) 124.6 Nov. 120.3 +3.6

BUILDING PERMITS: Residential permits, single-family

Latest Current reporting Year Percent level period ago change Ventura County 1,378 Jan.-Oct. 965 +42.8 Camarillo 120 Jan.-Oct. 69 +73.9 Fillmore 33 Jan.-Nov. 56 -41.1 Moorpark 141 Jan.-Nov. 94 +50.0 Ojai 4 Jan.-Oct. 8 -50.0 Oxnard 134 Jan.-Oct. 157 -14.6 Port Hueneme 0 Jan.-Oct. 16 -- Santa Paula 5 Jan.-Nov. 9 -44.4 Simi Valley 101 Jan.-Oct. 103 -1.9 Thousand Oaks 317 Jan.-Nov. 133 +138.3 Ventura 447 Jan.-Nov. 131 +241.2 All residential units, single-family and multiple 1,907 Jan.-Oct. 1,124 +69.7

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

Latest Current reporting Year Percent level period ago change Ventura County $330.5 Jan.-Oct. $231.7 +42.6 Camarillo $34.2 Jan.-Oct. $18.8 +81.5 Fillmore $4.7 Jan.-Nov. $8.2 -42.9 Moorpark $42.3 Jan.-Nov. $26.8 +57.5 Ojai $2.1 Jan.-Oct. $ 2.0 +5.2 Oxnard $38.9 Jan.-Oct. $35.0 +11.3 Port Hueneme $1.2 Jan.-Oct. $2.5 -53.1 Santa Paula $0.87 Jan.-Nov. $1.94 -54.9 Simi Valley $30.1 Jan.-Oct. $28.7 +5.0 Thousand Oaks $87.5 Jan.-Nov. $40.6 +115.7 Ventura $77.8 Jan.-Nov. $26.5 +193.7

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

Latest Current reporting Year Percent level period ago change Ventura County $137.3 Jan.-Oct. $147.1 -6.7 Camarillo $18.2 Jan.-Oct. $9.8 +85.4 Fillmore $0.5 Jan.-Nov. $0.0 -- Moorpark $9.1 Jan.-Nov. $17.1 -46.7 Ojai $0.15 Jan.-Oct. $0.92 -83.8 Oxnard $22.4 Jan.-Oct. $46.9 -52.1 Port Hueneme $0.5 Jan.-Oct. $9.5 -95.0 Santa Paula $1.72 Jan.-Nov. $1.37 +25.5 Simi Valley $13.8 Jan.-Oct. $16.3 -15.8 Thousand Oaks $40.2 Jan.-Nov. $34.9 +15.1 Ventura $8.8 Jan.-Nov. $13.5 -34.7

INFLATION RATE

Latest Current reporting Year Percent level period ago change Southern California 0.86% Nov. 2.29% -1.43

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

Latest Current reporting Year Percent level period ago change Camarillo $48.2 1994 Q1 $48.7 -1.0 Fillmore $8.9 1994 Q1 $8.9 -- Moorpark $16.6 1994 Q1 $10.7 +55.1 Ojai $11.8 1994 Q1 $12.5 -5.6 Oxnard $221.0 1994 Q1 $199.9 +10.6 Port Hueneme $9.8 1994 Q1 $10.1 -3.0 Santa Paula $20.0 1994 Q1 $20.5 -2.4 Simi Valley $120.6 1994 Q1 $114.2 +5.6 Thousand Oaks $265.3 1994 Q1 $230.1 +15.3 Ventura $218.4 1994 Q1 $210.3

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

Latest Current reporting Year Percent level period ago change Camarillo 2.14 1994 Q3 1.86 +15.4 Ojai 3.13 1994 Q3 2.26 +38.4 Oxnard 4.28 1994 Q3 4.65 -7.9 Santa Paula 0.17 1994 Q3 0.19 -11.2 Simi Valley 1.54 1994 Q3 1.04 +47.8 Thousand Oaks 3.36 1994 Q3 3.08 +9.3 Ventura 5.89 1994 Q3 5.70 +3.3

MEDIAN HOME PRICES: (In thousands of dollars)

Latest Current reporting Year Percent level period ago change Ventura County $207.2 Jan.-Oct. $213.1 -2.8 Camarillo $226.7 Jan.-Aug. $223.0 +1.7 Fillmore $160.1 Jan.-Aug. $181.0 -11.5 Moorpark $218.7 Jan.-Aug. $248.2 -11.9 Ojai $208.8 Jan.-Aug. $211.1 -1.1 Oxnard $172.5 Jan.-Aug. $177.1 -2.6 Port Hueneme $144.6 Jan.-Aug. $169.8 -14.8 Santa Paula $153.9 Jan.-Aug. $157.6 -2.3 Simi Valley $177.1 Jan.-Aug. $190.9 -7.2 Thousand Oaks $265.6 Jan.-Aug. $264.5 +0.4 Ventura $183.6 Jan.-Aug. $189.6

HOME SALES

Latest Current reporting Year Percent level period ago change Ventura County 6,077 Jan.-Oct. 5,222 +16.4

MORTGAGE RATE

Latest Current reporting Year Percent level period ago change Southern California average 6.76% 1994 Q3 6.47% +0.29

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% +0.1 Thousand Oaks 3.0% 1994 3.1% -0.1 Ventura 5.1% 1994 5.0% --

Prepared by: UC Santa Barbara Economic Forecast Project