Economic Profile

For May 29, 1995

POPULATION

Latest Current reporting Percent level period Year 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 Percent level period Year ago change Agriculture 25,300 April 23,400 +8.1 Oil & gas extraction 1,800 April 1,900 -5.3 Construction 9,700 April 9,500 +2.1 Durable manufacturing 19,900 April 21,300 -6.6 High technology 9,000 April 9,800 -8.2 Non-durable manufacturing 8,200 April 8,200 -- Transportation & public utilities 11,400 April 10,900 +4.6 Wholesale trade 11,900 April 11,600 +2.6 Retail trade 44,700 April 43,600 +2.5 Finance, insurance & real estate 12,100 April 12,600 -4.0 Services 70,200 April 68,300 +2.8 Government 44,500 April 43,700 +1.8

EMPLOYMENT: Total employment (jobs)

Latest Current reporting Percent level period Year ago change Total employment in county 259,700 April 255,000 +1.8 Employed residents 359,200 April 357,700 +0.4 Unemployment rate 6.0% March 7.3% -1.3 California (thousands) 12,579 April 12,462 +0.9 Nation (millions) 125.1 April 122.4 +2.2

BUILDING PERMITS: Residential permits, single-family units

Latest Current reporting Percent level period Year ago change Ventura County 288 Jan.-March 283 +1.8 Camarillo 3 Jan.-March 25 -88.0 Fillmore 25 Jan.-March 2 +1150.0 Moorpark 12 Jan.-March 22 -45.5 Ojai 4 Jan.-March 0 -- Oxnard 5 Jan.-March 30 -83.3 Port Hueneme 0 Jan.-Feb. 0 -- Santa Paula 1 Jan.-March 0 -- Simi Valley 11 Jan.-March 32 -65.6 Thousand Oaks 90 Jan.-March 26 +246.2 Ventura 84 Jan.-March 87 -3.4 All residential units, single-family and multiple 342 Jan.-March 413 -17.2

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

Latest Current reporting Percent level period Year ago change Ventura County $69.9 Jan.-March $74.5 -6.1 Camarillo $2.4 Jan.-March $6.5 -62.7 Fillmore $3.1 Jan.-March $0.3 +890.9 Moorpark $3.58 Jan.-March $6.7 -46.5 Ojai $0.6 Jan.-March $0.2 +279.6 Oxnard $4.8 Jan.-March $12.1 -60.0 Port Hueneme $0.3 Jan.-March $0.1 +280.9 Santa Paula $0.5 Jan.-March $0.1 +727.2 Simi Valley $5.3 Jan.-March $9.1 -41.1 Thousand Oaks $21.4 Jan.-March $10.3 +108.4 Ventura $14.6 Jan.-March $13.4 +9.3

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

Latest Current reporting Percent level period Year ago change Ventura County $47.1 Jan.-March $49.3 -4.6 Camarillo $5.2 Jan.-March $4.1 +26.5 Fillmore $0.0 Jan.-March $0.0 -- Moorpark $0.9 Jan.-March $0.5 +79.1 Ojai $2.2 Jan.-Feb. $0.0 -- Oxnard $5.6 Jan.-March $6.3 -11.2 Port Hueneme $0.1 Jan.-Feb. $0.2 -68.6 Santa Paula $0.7 Jan.-March $0.0 -- Simi Valley $3.0 Jan.-March $8.9 -66.4 Thousand Oaks $21.6 Jan.-March $20.6 +4.4 Ventura $1.9 Jan.-March $3.1 -40.9

INFLATION RATE

Latest Current reporting Percent level period Year ago change Southern California 1.78% March 1.40% -0.3

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

Latest Current reporting Percent level period Year ago change Camarillo $51.6 1994 Q3 $50.4 +2.4 Fillmore $10.6 1994 Q3 $10.1 +5.8 Moorpark $16.1 1994 Q3 $12.1 +32.9 Ojai $13.7 1994 Q3 $13.8 -0.8 Oxnard $246.9 1994 Q3 $215.8 +14.4 Port Hueneme $10.9 1994 Q3 $11.0 -1.0 Santa Paula $23.6 1994 Q3 $21.2 +11.4 Simi Valley $140.0 1994 Q3 $125.1 +11.9 Thousand Oaks $299.2 1994 Q3 $259.7 +15.2 Ventura $244.4 1994 Q3 $236.0 +3.6

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

Latest Current reporting Percent level period Year ago change Camarillo 1.86 1994 Q4 1.62 +14.2 Ojai 2.20 1995 Q1 1.88 +17.1 Oxnard 2.95 1995 Q1 3.91 -24.5 Santa Paula 0.13 1994 Q4 0.15 -14.2 Simi Valley 1.45 1995 Q1 1.56 -7.5 Thousand Oaks 2.90 1994 Q4 2.60 +11.7 Ventura 3.20 1994 Q4 3.80 -15.9

MEDIAN HOME PRICES: (In thousands of dollars)

Latest Current reporting Percent level period Year ago change Ventura County $194.2 Jan.-March $202.2 -4.0 Camarillo $227.6 Jan.-March $230.4 -1.2 Fillmore $169.0 Jan.-March $146.8 +15.1 Moorpark $234.5 Jan.-March $221.9 +5.7 Ojai $217.1 Jan.-March $194.3 +11.7 Oxnard $176.4 Jan.-March $171.6 +2.8 Port Hueneme $135.3 Jan.-March $137.4 -1.5 Santa Paula $134.6 Jan.-March $147.4 -8.7 Simi Valley $175.9 Jan.-March $175.7 +0.1 Thousand Oaks $257.7 Jan.-March $261.2 -1.4 Ventura $178.0 Jan.-March $186.1 -4.4

HOME SALES

Latest Current reporting Percent level period Year ago change Ventura County 1,059 Jan.-March 1,418 -25.3

MORTGAGE RATE

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

HOUSING VACANCY RATE

Latest Current reporting Percent level period Year 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 Vemtura 5.2% 1995 5.1% +0.1

Prepared by: UC Santa Barbara Economic Forecast Project