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Economic Profile

August 22, 1995

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Latest Current reporting Year Percent level period ago change POPULATION 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 Agriculture 19,500 July 18,100 +7.7 Oil & gas extraction 1,800 July 1,900 -5.3 Construction 11,000 July 10,310 +6.8 Durable manufacturing 19,800 July 21,000 -5.7 High technology 8,900 July 9,600 -7.3 Non-durable manufacturing 8,500 July 8,500 0.0 Transportation & 11,600 July 10,800 +7.4 public utilities Wholesale trade 12,300 July 11,900 +3.4 Retail trade 45,100 July 44,400 +1.6 Finance, insurance 12,300 July 12,600 -2.4 & real estate Services 69,500 July 67,900 +2.4 Government 42,600 July 42,300 +0.7 Total employment 254,000 July 249,700 +1.7 in county Employed residents 363,900 July 352,400 +3.3 Unemployment rate 8.2% July 9.1% -0.9 Total employment California (thousands) 12,656 July 12,519 +1.1 Nation (millions) 124.5 July 122.7 +1.4 BUILDING PERMITS Residential permits, single-family Ventura County 943 Jan.-June 851 +10.8 Camarillo 68 Jan.-June 90 -24.4 Fillmore 28 Jan.-June 23 +21.7 Moorpark 35 Jan.-June 44 -20.5 Ojai 7 Jan.-June 2 +250.0 Oxnard 65 Jan.-June 58 +12.1 Port Hueneme 0 Jan.-June 0 - Santa Paula 2 Jan.-June 1 +100.0 Simi Valley 210 Jan.-June 56 +275.0 Thousand Oaks 254 Jan.-July 194 +30.9 Ventura 212 Jan.-June 281 -24.6 All residential units, single-family 1,059 Jan.-June 1,218 -13.1 and multiple Value of all residential permits (in millions of dollars) Ventura County $208.2 Jan.-June $204.4 +1.9 Camarillo $14.5 Jan.-June $24.7 -41.4 Fillmore $3.4 Jan.-June $3.4 +0.4 Moorpark $10.5 Jan.-June $15.4 -32.1 Ojai $1.3 Jan.-June $1.1 +25.1 Oxnard $18.1 Jan.-June $19.2 -5.6 Port Hueneme $0.5 Jan.-June $0.4 +15.5 Santa Paula $0.9 Jan.-June $0.5 +78.3 Simi Valley $47.9 Jan.-June $15.5 +208.1 Thousand Oaks $56.3 Jan.-July $44.6 +26.1 Ventura $35.0 Jan.-June $50.0 -30.0 Value of commercial / industrial permits (in millions of dollars) Ventura County $94.6 Jan.-June $86.0 +10.0 Camarillo $11.0 Jan.-June $8.5 +28.7 Fillmore $0.1 Jan.-June $0.0 - Moorpark $2.5 Jan.-June $8.5 -70.6 Ojai $3.0 Jan.-June $0.5 +541.9 Oxnard $11.6 Jan.-June $14.9 -22.1 Port Hueneme $2.5 Jan.-June $0.4 +529.3 Santa Paula $0.8 Jan.-June $0.0 -- Simi Valley $7.8 Jan.-June $14.8 -47.1 Thousand Oaks $48.5 Jan.-July $26.4 +83.5 Ventura $8.2 Jan.-June $5.5 +49.2 INFLATION RATE Southern California 1.85 July 1.27% +0.58 RETAIL SALES Cities by quarter (in millions of dollars) 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 HOTEL / MOTEL ROOM SALES (In millions of dollars) Camarillo 1.83 1995 Q1 1.85 -0.7 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 MEDIAN HOME PRICES (In thousands of dollars) Ventura County $197.7 Jan.-June $205.5 -3.8 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 HOME SALES Ventura County 2,597 Jan.-June 3,594 -27.7 MORTGAGE RATE Southern California average 7.40% 1995 Q2 6.30% +1.10 average HOUSING VACANCY RATE 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

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