Economic Profile

Prepared by: UC Santa Barbara Economic Forecast Project

Latest Current reporting Year level period ago POPULATION Ventura County 713,400 July ’94 703,600 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 22,900 Mar. 20,500 Oil & gas extraction 1,900 Mar. 2,000 Construction 9,200 Mar. 9,400 Durable manufacturing 20,100 Mar. 21,600 High technology 9,100 Mar. 9,900 Non-durable manufacturing 8,100 Mar. 8,100 Transportation & public utilities 11,300 Mar. 10,800 Wholesale trade 11,700 Mar. 11,600 Retail trade 44,200 Mar. 43,400 Finance, insurance & real estate 12,000 Mar. 12,900 Services 69,500 Mar. 67,700 Government 43,000 Mar. 43,200 Total employment in county 253,700 Mar. 251,200 Employed residents 358,400 Mar. 358,800 Unemployment rate 6.0% Mar. 7.3% Total employment California (thousands) 12,508 Mar. 12,387 Nation (millions) 125.3 Mar. 122.2 BUILDING PERMITS Residential permits, single-family Ventura County 288 Jan.-Mar. 283 Camarillo 2 Jan.-Feb. 23 Fillmore 25 Jan.-Mar. 2 Moorpark 12 Jan.-Mar. 22 Ojai 3 Jan.-Feb. 0 Oxnard 5 Jan.-Mar. 30 Port Hueneme 0 Jan.-Feb. 0 Santa Paula 0 Jan.-Feb. 0 Simi Valley 11 Jan.-Mar. 32 Thousand Oaks 90 Jan.-Mar. 26 Ventura 84 Jan.-Mar. 87 All residential units, single-family and multiple 342 Jan.-Mar. 413 Value of all residential permits (in millions of dollars) Ventura County $69.9 Jan.-Mar. $74.5 Camarillo $1.5 Jan.-Feb. $5.4 Fillmore $3.1 Jan.-Mar. $0.3 Moorpark $3.58 Jan.-Mar. $6.7 Ojai $0.5 Jan.-Feb. $0.2 Oxnard $4.8 Jan.-Mar. $12.1 Port Hueneme $0.2 Jan.-Feb. $0.03 Santa Paula $0.06 Jan.-Feb. $0.06 Simi Valley $5.3 Jan.-Mar. $9.1 Thousand Oaks $21.4 Jan.-Mar. $10.3 Ventura $14.6 Jan.-Mar. $13.4 Value of commercial/industrial permits (in millions of dollars) Ventura County $47.1 Jan.-Mar. $49.3 Camarillo $3.1 Jan.-Feb. $2.5 Fillmore $0.0 Jan.-Mar. $0.0 Moorpark $0.9 Jan.-Mar. $0.5 Ojai $2.2 Jan.-Feb. $0.0 Oxnard $5.6 Jan.-Mar. $6.3 Port Hueneme $0.1 Jan.-Feb. $0.2 Santa Paula $0.0 Jan.-Feb. $0.0 Simi Valley $3.0 Jan.-Mar. $8.9 Thousand Oaks $21.6 Jan.-Mar. $20.6 Ventura $1.9 Jan.-Mar. $3.1 INFLATION RATE Southern California 1.38% March 1.80% RETAIL SALES Cities by quarter (in millions of dollars) Camarillo $51.6 1994 Q3 $50.4 Fillmore $10.6 1994 Q3 $10.1 Moorpark $16.1 1994 Q3 $12.1 Ojai $13.7 1994 Q3 $13.8 Oxnard $246.9 1994 Q3 $215.8 Port Hueneme $10.9 1994 Q3 $11.0 Santa Paula $23.6 1994 Q3 $21.2 Simi Valley $140.0 1994 Q3 $125.1 Thousand Oaks $299.2 1994 Q3 $259.7 Ventura $244.4 1994 Q3 $236.0 HOTEL / MOTEL ROOM SALES (In millions of dollars) Camarillo 1.86 1994 Q4 1.62 Ojai 2.65 1994 Q4 1.99 Oxnard 2.88 1994 Q4 3.63 Santa Paula 0.13 1994 Q4 0.15 Simi Valley 1.62 1994 Q4 1.25 Thousand Oaks 2.90 1994 Q4 2.60 Ventura 3.20 1994 Q4 3.80 MEDIAN HOME PRICES (In thousands of dollars) Ventura County $194.2 Jan.-Mar. $202.2 Camarillo $227.4 Jan.-Feb. $251.6 Fillmore $161.0 Jan.-Feb. $167.0 Moorpark $223.7 Jan.-Feb. $225.9 Ojai $210.3 Jan.-Feb. $186.9 Oxnard $182.3 Jan.-Feb. $169.5 Port Hueneme $142.1 Jan.-Feb. $130.3 Santa Paula $134.6 Jan.-Feb. $149.5 Simi Valley $174.6 Jan.-Feb. $176.1 Thousand Oaks $251.3 Jan.-Feb. $265.0 Ventura $176.9 Jan.-Feb. $185.8 HOME SALES Ventura County 1,059 Jan.-Mar. 1,418 MORTGAGE RATE Southern California average 6.68% 1994 Q4 6.15% 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 +1.4 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 +11.7 Oil & gas extraction -5.0 Construction -2.1 Durable manufacturing -6.9 High technology -8.1 Non-durable manufacturing -- Transportation & public utilities +4.6 Wholesale trade +0.9 Retail trade +1.8 Finance, insurance & real estate -7.0 Services +2.7 Government -0.5 Total employment in county +1.0 Employed residents -0.1 Unemployment rate -1.3 Total employment California (thousands) +1.0 Nation (millions) +2.6 BUILDING PERMITS Residential permits, single-family Ventura County +1.8 Camarillo -91.3 Fillmore +1150.0 Moorpark -45.5 Ojai -- Oxnard -83.3 Port Hueneme -- Santa Paula -- Simi Valley -65.6 Thousand Oaks +246.2 Ventura -3.4 All residential units, single-family and multiple -17.2 Value of all residential permits (in millions of dollars) Ventura County -6.1 Camarillo -71.7 Fillmore +890.9 Moorpark -46.5 Ojai +222.3 Oxnard -60.0 Port Hueneme +557.5 Santa Paula -1.1 Simi Valley -41.1 Thousand Oaks +108.4 Ventura +9.3 Value of commercial/industrial permits (in millions of dollars) Ventura County -4.6 Camarillo +24.3 Fillmore -- Moorpark +79.1 Ojai -- Oxnard -11.2 Port Hueneme -43.4 Santa Paula -- Simi Valley -66.4 Thousand Oaks +4.4 Ventura -40.9 INFLATION RATE Southern California -0.42 RETAIL SALES Cities by quarter (in millions of dollars) Camarillo +2.4 Fillmore +5.8 Moorpark +32.9 Ojai -0.8 Oxnard +14.4 Port Hueneme -1.0 Santa Paula +11.4 Simi Valley +11.9 Thousand Oaks +15.2 Ventura +3.6 HOTEL / MOTEL ROOM SALES (In millions of dollars) Camarillo +14.2 Ojai +33.3 Oxnard -20.6 Santa Paula -14.2 Simi Valley +29.2 Thousand Oaks +11.7 Ventura -15.9 MEDIAN HOME PRICES (In thousands of dollars) Ventura County -4.0 Camarillo -9.6 Fillmore -3.6 Moorpark -1.0 Ojai +12.5 Oxnard +7.6 Port Hueneme +9.1 Santa Paula -10.0 Simi Valley -0.9 Thousand Oaks -5.2 Ventura -4.8 HOME SALES Ventura County -25.3 MORTGAGE RATE Southern California average +0.53 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