Ventura County Economic Profile

POPULATION

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Current Latest 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

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EMPLOYMENT *--*

Current Latest reporting Year Percent level period ago change Agriculture 18,000 Aug. 16,000 +12.5 Oil & gas extraction 1,800 Aug. 1,900 -5.3 Construction 10,900 Aug. 10,600 +2.8 Durable manufacturing 20,000 Aug. 21,100 -5.2 High technology 9,100 Aug. 9,600 -5.2 Non-durable manufacturing 8,300 Aug. 8,500 -2.4 Transportation & public 11,400 Aug. 10,500 +8.6 utilities Wholesale trade 12,400 Aug. 12,000 +3.3 Retail trade 45,300 Aug. 44,400 +2.0 Finance, insurance & real 12,400 Aug. 12,100 +2.5 estate Services 69,400 Aug. 67,600 +2.7 Government 40,500 Aug. 40,400 +0.2 Total employment in county 250,400 Aug. 245,100 +2.2 Employed residents 259,500 Aug. 351,100 -26.1 Unemployment rate 8.1% Aug. 8.6% -0.5 Total employment California (thousands) 12,677 Aug. 12,531 +1.2 Nation (millions) 124.8 Aug. 123.2 +1.3

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BUILDING PERMITS

Residential permits, single-family *--*

Current Latest reporting Year Percent level period ago change Ventura County 1,083 Jan.-July 939 +15.3 Camarillo 97 Jan.-July 90 +7.8 Fillmore 29 Jan.-July 31 -6.5 Moorpark 45 Jan.-July 61 -26.2 Ojai 8 Jan.-July 2 +300.0 Oxnard 88 Jan.-July 59 +49.2 Port Hueneme 0 Jan.-July 0 - Santa Paula 2 Jan.-July 1 +100.0 Simi Valley 229 Jan.-July 57 +301.8 Thousand Oaks 254 Jan.-July 194 +30.9 Ventura 242 Jan.-July 306 -20.9 All residential units, single-family and multiple 1,223 Jan.-July 1,306 -6.4

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Value of all residential permits (in millions of dollars) *--*

Current Latest reporting Year Percent level period ago change Ventura County $241.2 Jan.-July $226.5 +6.5 Camarillo $20.4 Jan.-July $25.2 -18.9 Fillmore $4.1 Jan.-July $4.5 -9.0 Moorpark $13.5 Jan.-July $19.8 -31.9 Ojai $1.4 Jan.-July $1.1 +23.9 Oxnard $25.8 Jan.-July $19.9 +29.4 Port Hueneme $0.5 Jan.-July $0.5 +10.6 Santa Paula $0.9 Jan.-July $0.5 +86.1 Simi Valley $51.6 Jan.-July $18.2 +183.2 Thousand Oaks $56.3 Jan.-July $44.6 +26.1 Ventura $39.5 Jan.-July $55.0 -28.2

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Value of commercial / industrial permits (in millions of dollars) *--*

Current Latest reporting Year Percent level period ago change Ventura County $112.7 Jan.-July $97.1 +16.1 Camarillo $11.2 Jan.-July $12.6 -10.5 Fillmore $0.8 Jan.-July $0.0 - Moorpark $2.9 Jan.-July $8.7 -67.0 Ojai $3.1 Jan.-July $0.7 +365.5 Oxnard $17.2 Jan.-July $15.6 +10.2 Port Hueneme $2.5 Jan.-July $0.4 +504.8 Santa Paula $0.8 Jan.-July $1.5 -45.6 Simi Valley $9.0 Jan.-July $17.3 -47.8 Thousand Oaks $48.5 Jan.-July $26.4 +83.5 Ventura $10.5 Jan.-July $5.7 +83.6

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INFLATION RATE *--*

Current Latest reporting Year Percent level period ago change Southern California 1.58% Aug. 1.40% +0.18

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RETAIL SALES

Cities by quarter (in millions of dollars) *--*

Current Latest reporting Year Percent level period ago change Camarillo $49.6 1995 Q1 $48.2 +2.9 Fillmore $9.4 1995 Q1 $8.9 +5.4 Moorpark $14.8 1995 Q1 $16.6 -11.0 Ojai $11.8 1995 Q1 $11.8 -0.3 Oxnard $228.3 1995 Q1 $221.5 +3.1 Port Hueneme $10.3 1995 Q1 $9.8 +4.8 Santa Paula $20.5 1995 Q1 $20.0 +2.4 Simi Valley $123.6 1995 Q1 $120.6 +2.4 Thousand Oaks $273.1 1995 Q1 $265.3 +2.9 Ventura $223.6 1995 Q1 $218.4 +2.4

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HOTEL / MOTEL ROOM SALES

(In millions of dollars) *--*

Current Latest reporting Year Percent level period ago change Camarillo 2.01 1995 Q2 1.64 +22.3 Ojai 3.38 1995 Q2 2.59 +30.8 Oxnard 3.54 1995 Q2 3.47 +1.9 Santa Paula 0.16 1995 Q2 0.15 +3.6 Simi Valley 1.61 1995 Q2 1.45 +11.0 Thousand Oaks 2.86 1995 Q2 2.51 +14.0 Ventura 3.95 1995 Q1 4.90 -19.3

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MEDIAN HOME PRICES

(In thousands of dollars) *--*

Current Latest reporting Year Percent level period ago change Ventura County $198.5 Jan.-July $205.3 -3.3 Camarillo $235.5 Jan.-June $227.3 +3.6 Fillmore $160.8 Jan.-June $159.9 +0.5 Moorpark $244.2 Jan.-June $215.8 +13.2 Ojai $207.5 Jan.-June $208.1 -0.3 Oxnard $172.6 Jan.-June $172.9 -0.2 Port Hueneme $135.3 Jan.-June $145.7 -7.1 Santa Paula $139.7 Jan.-June $149.4 -6.5 Simi Valley $176.1 Jan.-June $176.6 -0.3 Thousand Oaks $267.4 Jan.-June $261.6 +2.2 Ventura $192.4 Jan.-June $181.0 +6.3

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HOME SALES

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Current Latest reporting Year Percent level period ago change Ventura County 3,118 Jan.-July 4,208 -25.9

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MORTGAGE RATE

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Current Latest reporting Year Percent level period ago change Southern California average 7.40% 1995 Q2 6.30% +1.10

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HOUSING VACANCY RATE

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Current Latest 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

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Prepared by: UC Santa Barbara Economic Forecast Project