Economic Profile

For 4/04/94

POPULATION

Latest Current reporting Percent level period Year ago change Ventura County 703,000 July ’93 695,300 +1.1 Camarillo 56,140 Jan. ’93 55,502 +1.1 Fillmore 12,797 Jan. ’93 12,431 +2.9 Moorpark 26,713 Jan. ’93 26,173 +2.1 Ojai 7,853 Jan. ’93 7,754 +1.3 Oxnard 149,571 Jan. ’93 146,432 +2.1 Port Hueneme 20,471 Jan. ’93 19,889 +2.9 Santa Paula 26,732 Jan. ’93 25,847 +3.4 Simi Valley 102,982 Jan. ’93 101,799 +1.2 Thousand Oaks 109,214 Jan. ’93 106,557 +2.5 Ventura 96,112 Jan. ’93 94,340 +1.9

EMPLOYMENT

Latest Current reporting Percent level period Year ago change Agriculture 17,400 Feb. 18,600 -6.5 Oil & gas extraction 2,200 Feb. 2,200 0.0 Construction 8,600 Feb. 8,700 -1.1 Durable manufacturing 21,300 Feb. 22,400 -4.9 High technology 9,600 Feb. 9,900 -3.0 Non-durable manufacturing 8,000 Feb. 8,400 -4.8 Transportation & public utilities 10,200 Feb. 10,200 0.0 Wholesale trade 11,100 Feb. 11,000 +0.9 Retail trade 40,800 Feb. 42,400 -3.8 Finance, insurance & real estate 12,300 Feb. 12,100 +1.7 Services 63,700 Feb. 63,000 +1.1 Government 44,300 Feb. 44,100 +0.5 Total employment in county 239,900 Feb. 243,100 -1.3 Employed residents 347,500 Feb. n/a n/a Unemployment rate 8.8% Feb. n/a n/a Total employment California (thousands) 12,096 Feb. 12,253 -1.3 Nation (millions) 122.3 Feb. 122.0 +0.2

BUILDING PERMITS: Residential permits, single-family

Latest Current reporting Percent level period Year ago change Residential permits, single-family Ventura County 41 Jan. 56 -26.8 Camarillo 23 Feb. 2 +1050.0 Fillmore 0 Feb. 9 -100.0 Moorpark 10 Feb. 7 +42.9 Ojai 0 Feb. 0 0.0 Oxnard 3 Feb. 13 -76.9 Port Hueneme 0 Feb. 0 0.0 Santa Paula 0 Feb. 0 0.0 Simi Valley 0 Jan. 1 -100.0 Thousand Oaks 16 Feb. 20 -20.0 Ventura 53 Feb. 23 +130.4 All residential units, single-family and multiple 141 Jan. 56 +151.8

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

Latest Current reporting Percent level period Year ago change Ventura County 21.8 Jan. 14.0 +55.2 Camarillo 5.6 Feb. 0.8 +625.1 Fillmore 0.0 Feb. 1.3 -99.6 Moorpark 3.3 Feb. 1.4 +142.1 Ojai 0.0 Feb. 0.0 0.0 Oxnard 10.4 Feb. 3.3 +213.6 Port Hueneme 0.0 Feb. 0.0 0.0 Santa Paula 0.0 Feb. 0.6 -100.0 Simi Valley 0.7 Jan. 0.9 -13.2 Thousand Oaks 7.5 Feb. 5.2 +42.7 Ventura 7.5 Feb. 5.4 +37.5

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

Latest Current reporting Percent level period Year ago change Ventura County 24.7 Jan. 7.1 +249.3 Camarillo 2.5 Feb. 2.5 +2.0 Fillmore 0.0 Feb. 0.0 0.0 Moorpark 0.3 Feb. 5.1 -93.2 Ojai 0.2 Feb. 0.0 +424.8 Oxnard 3.8 Feb. 2.2 +71.9 Port Hueneme 0.2 Feb. 9.4 -97.9 Santa Paula 0.0 Feb. 0.0 0.0 Simi Valley 0.4 Jan. 0.6 -32.5 Thousand Oaks 19.7 Feb. 4.2 +367.0 Ventura 1.9 Jan. 0.6 +235.1

INFLATION RATE

Latest Current reporting Percent level period Year ago change Southern California 1.5% Feb. 3.5% -2.1

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

Latest Current reporting Percent level period Year ago change Camarillo $49.3 1993 Q2 $54.2 -9.1 Fillmore $11.0 1993 Q2 $9.8 +11.6 Moorpark $10.3 1993 Q2 $11.3 -8.8 Ojai $13.9 1993 Q2 $14.5 -4.1 Oxnard $214.0 1993 Q2 $215.9 -0.9 Port Hueneme $10.5 1993 Q2 $12.4 -15.4 Santa Paula $20.9 1993 Q2 $23.5 -11.3 Simi Valley $125.2 1993 Q2 $120.7 +3.7 Thousand Oaks $250.4 1993 Q2 $252.4 -0.8 Ventura $223.6 1993 Q2 $230.7 -3.1

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

Latest Current reporting Percent level period Year ago change Camarillo 1.6 1993 Q4 1.8 -9.1 Ojai 2.0 1993 Q4 1.8 +11.2 Oxnard 3.6 1993 Q4 3.1 +16.1 Santa Paula 0.1 1993 Q4 0.2 -7.3 Simi Valley 1.3 1993 Q4 1.2 +4.0 Thousand Oaks 2.6 1993 Q4 2.6 -0.1 Ventura 4.8 1993 Q3 5.5 -13.2

MEDIAN HOME PRICES: (In thousands of dollars)

Latest Current reporting Percent level period Year ago change Ventura County $212.4 Jan.-Dec. $218.1 -2.6 Camarillo $224.0 Jan.-Dec. $224.3 -0.1 Fillmore $170.4 Jan.-Dec. $181.3 -6.0 Moorpark $242.6 Jan.-Dec. $240.6 +0.8 Ojai $208.9 Jan.-Dec. $219.9 -5.0 Oxnard $180.3 Jan.-Dec. $186.9 -3.5 Port Hueneme $166.4 Jan.-Dec. $165.1 +0.8 Santa Paula $153.1 Jan.-Dec. $167.9 -8.8 Simi Valley $193.6 Jan.-Dec. $200.5 -3.4 Thousand Oaks $285.5 Jan.-Dec. $284.0 +0.5 Ventura $191.7 Jan.-Dec. $196.1 -2.2

HOME SALES

Latest Current reporting Percent level period Year ago change Ventura County 791 Jan.-Feb. 682 +16.0

MORTGAGE RATE

Latest Current reporting Percent level period Year ago change Southern California average 6.15% 1993 Q4 7.28% -1.13

HOUSING VACANCY RATE

Latest Current reporting Percent level period Year ago change Ventura County 4.8% 1993 4.9% -0.1 Camarillo 3.4% 1993 5.8% -2.4 Fillmore 3.7% 1993 4.0% -0.3 Moorpark 3.6% 1993 3.4% +0.1 Ojai 3.1% 1993 3.3% -0.3 Oxnard 4.9% 1993 4.8% +0.1 Port Hueneme 10.6% 1993 10.3% +0.3 Santa Paula 5.4% 1993 4.9% +0.4 Simi Valley 3.2% 1993 3.1% +0.04 Thousand Oaks 3.1% 1993 3.3% -0.2 Ventura 5.0% 1993 4.9% +0.1

Prepared by: UC Santa Barbara Economic Forecast Project