Economic Profile

POPULATION

Latest Current reporting Year Percent level period ago change Ventura County 720,508 Jan. ’95 708,992 +1.6 Camarillo 58,472 Jan. ’95 56,562 +3.4 Fillmore 12,872 Jan. ’95 12,937 -0.5 Moorpark 27,544 Jan. ’95 27,202 +1.3 Ojai 8,154 Jan. ’95 7,927 +2.9 Oxnard 154,558 Jan. ’95 152,034 +1.7 Port Hueneme 21,772 Jan. ’95 21,893 -0.6 Santa Paula 27,093 Jan. ’95 26,887 +0.8 Simi Valley 103,660 Jan. ’95 103,834 -0.2 Thousand Oaks 112,600 Jan. ’95 110,391 +2.0 Ventura 100,677 Jan. ’95 97,080 +3.7

EMPLOYMENT

Latest Current reporting Year Percent level period ago change Agriculture 24,500 May 22,500 +8.9 Oil & gas extraction 1,800 May 1,900 -5.3 Construction 10,000 May 9,800 +2.0 Durable 19,700 May 21,200 -7.1 manufacturing High technology 8,800 May 9,700 -9.3 Non-durable 8,200 May 8,600 -4.7 manufacturing Transportation & 11,300 May 10,900 +3.7 public utilities Wholesale trade 12,000 May 11,700 +2.6 Retail trade 44,500 May 43,700 +1.8 Finance, insurance 12,200 May 12,600 -3.2 & real estate Services 69,200 May 68,400 +1.2 Government 43,300 May 43,800 -1.1 Total employment 256,700 May 255,100 +0.6 in county Employed residents 348,300 May 360,200 -3.3 Unemployment rate 7.1% May 6.4% +0.7 Total employment California 12,314 June 12,195 +1.0 (thousands) Nation (millions) 124.4 June 122.6 +1.5

BUILDING PERMITS

Latest Current reporting Year Percent level period ago change Residential permits, single-family Ventura County 670 Jan.-May 553 +21.2 Camarillo 61 Jan.-May 81 -24.7 Fillmore 28 Jan.-May 15 +86.7 Moorpark 12 Jan.-May 22 -45.5 Ojai 6 Jan.-May 0 - Oxnard 55 Jan.-April 42 +31.0 Port Hueneme 0 Jan.-April 0 - Santa Paula 2 Jan.-May 1 +100.0 Simi Valley 75 Jan.-May 45 +66.7 Thousand Oaks 234 Jan.-June 171 +36.8 Ventura 190 Jan.-May 179 +6.1 All residential units, single-family 754 Jan.-May 719 +4.9 and multiple Value of all residential permits (in millions of dollars) Ventura County $154.7 Jan.-May $130.0 +19.0 Camarillo $12.3 Jan.-May $21.3 -42.3 Fillmore $3.4 Jan.-May $1.9 +84.2 Moorpark $5.9 Jan.-May $6.7 -11.5 Ojai $3.0 Jan.-May $0.4 +610.6 Oxnard $15.5 Jan.-May $15.4 +0.9 Port Hueneme $0.4 Jan.-May $0.3 +27.7 Santa Paula $0.7 Jan.-May $0.5 +45.1 Simi Valley $20.1 Jan.-May $12.9 +55.8 Thousand Oaks $51.5 Jan.-June $39.8 +29.4 Ventura $32.6 Jan.-May $27.1 +20.0 Value of commercial / industrial permits (in millions of dollars) Ventura County $71.9 Jan.-May $73.8 -2.6 Camarillo $6.5 Jan.-May $5.7 +12.9 Fillmore $0.0 Jan.-May $0.0 - Moorpark $2.4 Jan.-May $7.7 -68.3 Ojai $3.0 Jan.-May $0.1 +4,832.5 Oxnard $9.1 Jan.-April $12.0 -24.6 Port Hueneme $2.5 Jan.-April $0.4 +541.1 Santa Paula $0.7 Jan.-May $0.0 -- Simi Valley $7.4 Jan.-May $14.0 -47.3 Thousand Oaks $44.1 Jan.-June $25.7 +71.9 Ventura $3.3 Jan.-May $3.7 -9.8

INFLATION RATE

Latest Current reporting Year Percent level period ago change Southern California 2.31 June 1.07% +1.24

RETAIL SALES

Latest Current reporting Year Percent level period ago change Cities by quarter (in millions of dollars) Camarillo $54.6 1994 Q4 $53.6 +1.9 Fillmore $10.1 1994 Q4 $8.6 +17.4 Moorpark $16.1 1994 Q4 $13.4 +20.5 Ojai $13.9 1994 Q4 $13.6 +2.3 Oxnard $272.4 1994 Q4 $243.0 +12.1 Port Hueneme $10.9 1994 Q4 $10.3 +5.5 Santa Paula $22.9 1994 Q4 $21.6 +6.2 Simi Valley $146.1 1994 Q4 $130.0 +12.4 Thousand Oaks $346.7 1994 Q4 $294.2 +17.8 Ventura $268.4 1994 Q4 $249.0 +7.8

HOTEL / MOTEL ROOM SALES

Latest Current reporting Year Percent level period ago change (In millions of dollars) Camarillo 1.83 1995 Q1 1.85 -0.7 Ojai 2.20 1995 Q1 1.88 +17.1 Oxnard 2.95 1995 Q1 3.91 -24.5 Santa Paula 0.13 1995 Q1 0.15 -13.9 Simi Valley 1.45 1995 Q1 1.56 -7.5 Thousand Oaks 2.92 1995 Q1 3.89 -24.9 Ventura 3.95 1995 Q1 4.90 -19.3

MEDIAN HOME PRICES

Latest Current reporting Year Percent level period ago change (In thousands of dollars) Ventura County $195.3 Jan.-May $202.5 -3.5 Camarillo $226.8 Jan.-May $227.3 -0.2 Fillmore $168.1 Jan.-May $147.8 +13.8 Moorpark $240.0 Jan.-May $221.3 +8.4 Ojai $214.0 Jan.-May $206.9 +3.4 Oxnard $174.4 Jan.-May $170.5 +2.3 Port Hueneme $134.2 Jan.-May $140.3 -4.3 Santa Paula $134.8 Jan.-May $147.5 -8.6 Simi Valley $178.7 Jan.-May $178.2 +0.3 Thousand Oaks $262.1 Jan.-May $263.4 -0.5 Ventura $185.9 Jan.-May $182.3 +2.0

HOME SALES

Latest Current reporting Year Percent level period ago change Ventura County 1,976 Jan.-May 2,778 -28.9

MORTGAGE RATE

Latest Current reporting Year Percent level period ago change Southern California average 7.00% 1995 Q1 6.42% +0.58

HOUSING VACANCY RATE

Latest Current reporting Year Percent level period ago change Ventura County 5.0% 1995 5.0% +0.0 Camarillo 3.3% 1995 3.5% -0.2 Fillmore 4.3% 1995 4.0% +0.3 Moorpark 3.9% 1995 3.6% +0.3 Ojai 3.6% 1995 2.9% +0.7 Oxnard 5.0% 1995 5.3% -0.3 Port Hueneme 10.4% 1995 10.7% -0.3 Santa Paula 5.6% 1995 5.4% +0.2 Simi Valley 3.8% 1995 3.3% +0.5 Thousand Oaks 3.0% 1995 3.0% +0.0 Ventura 5.2% 1995 5.1% +0.1

Prepared by: UC Santa Barbara Economic Forecast Project