Economic Profile

POPULATION

Latest Current reporting Year Percent level period ago change Ventura County 708,200 Jan. ’94 699,400 +1.3 Camarillo 56,500 Jan. ’94 56,140 +0.6 Fillmore 12,900 Jan. ’94 12,797 +0.8 Moorpark 27,150 Jan. ’94 26,713 +1.6 Ojai 7,925 Jan. ’94 7,853 +0.9 Oxnard 151,900 Jan. ’94 149,400 +1.7 Port Hueneme 21,850 Jan. ’94 20,471 +6.7 Santa Paula 26,850 Jan. ’94 26,732 +0.4 Simi Valley 103,700 Jan. ’94 102,900 +0.8 Thousand Oaks 110,300 Jan. ’94 109,100 +1.1 Ventura 97,000 Jan. ’94 96,000 +1.0

EMPLOYMENT

Latest Current reporting Year Percent level period ago change Agriculture 24,800 May 26,400 -6.1 Oil & gas extraction 2,100 May 2,200 -4.5 Construction 9,300 May 9,200 +1.1 Durable manufacturing 21,400 May 22,100 -3.2 High technology 9,700 May 9,800 -1.0 Non-durable manufacturing 8,700 May 8,900 -2.2 Transportation & public utilities 10,500 May 10,200 +2.9 Wholesale trade 11,600 May 11,300 +2.7 Retail trade 41,800 May 42,600 -1.9 Finance, insurance & real estate 12,200 May 12,300 -0.8 Services 65,200 May 64,600 +0.9 Government 43,900 May 44,300 -0.9 Total employment in county 251,500 May 254,100 -1.0 Employed residents 356,000 May 347,300 +2.5 Unemployment rate 6.4% May 7.8% -1.4 Total employment California (thousands) 12,410 May 12,448 -0.3 Nation (millions) 122.1 May 119.3 +2.4

BUILDING PERMITS

Residential permits, single-family

Latest Current reporting Year Percent level period ago change Ventura County 387 Jan.-Apr. 311 +24.4 Camarillo 81 Jan.-May 20 +305.0 Fillmore 15 Jan.-May 25 -40.0 Moorpark 22 Jan.-May 91 -75.8 Ojai 0 Jan.-May 2 ---- Oxnard 42 Jan.-Apr. 36 +16.7 Port Hueneme 0 Jan.-May 16 ---- Santa Paula 1 Jan.-May 5 ---- Simi Valley 33 Jan.-Apr. 35 -5.7 Thousand Oaks 69 Jan.-May 47 +46.8 Ventura 179 Jan.-May 80 +123.8 All residential units, single-family and multiple 535 Jan.-Apr. 380 +40.8

Value of all residential permits (in millions of dollars)

Latest Current reporting Year Percent level period ago change Ventura County 95.1 Jan.-Apr. 81.8 +16.2 Camarillo 20.6 Jan.-May 6.2 +234.6 Fillmore 1.9 Jan.-May 4.0 -53.3 Moorpark 6.7 Jan.-May 22.0 -69.5 Ojai 0.42 Jan.-May 0.34 +20.9 Oxnard 14.3 Jan.-Apr. 11.6 +23.2 Port Hueneme 0.3 Jan.-May 2.1 -84.5 Santa Paula 0.50 Jan.-May 1.29 -61.6 Simi Valley 10.2 Jan.-Apr. 11.1 -7.4 Thousand Oaks 19.2 Jan.-May 13.9 +38.4 Ventura 27.1 Jan.-May 14.4 +88.1

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

Latest Current reporting Year Percent level period ago change Ventura County 61.1 Jan.-Apr. 72.7 -15.9 Camarillo 5.7 Jan.-May 4.9 +17.6 Fillmore 0.0 Jan.-May 0.1 ---- Moorpark 7.7 Jan.-May 10.8 -28.8 Ojai 0.08 Jan.-May 0.10 -27.9 Oxnard 8.6 Jan.-Apr. 22.7 -61.9 Port Hueneme 0.4 Jan.-May 9.4 -95.8 Santa Paula 0.02 Jan.-May 1.04 -98.0 Simi Valley 9.1 Jan.-Apr. 8.9 +1.7 Thousand Oaks 22.4 Jan.-May 9.5 +136.2 Ventura 3.7 Jan.-May 4.8 -23.8

INFLATION RATE

Latest Current reporting Year Percent level period ago change Southern California 0.9% May 2.8% -1.9

RETAIL SALES

Cities by quarter (in millions of dollars)

Latest Current reporting Year Percent level period ago change Camarillo $50.4 1993 Q3 $54.9 -8.2 Fillmore $10.1 1993 Q3 $10.9 -8.1 Moorpark $12.1 1993 Q3 $11.9 +1.6 Ojai $13.8 1993 Q3 $14.7 -6.5 Oxnard $215.8 1993 Q3 $219.8 -1.8 Port Hueneme $11.0 1993 Q3 $11.8 -6.7 Santa Paula $21.2 1993 Q3 $23.5 -10.1 Simi Valley $125.1 1993 Q3 $121.5 +3.0 Thousand Oaks $259.7 1993 Q3 $251.8 +3.1 Ventura $236.0 1993 Q3 $232.0 +1.7

HOTEL / MOTEL ROOM SALES

(In millions of dollars)

Latest Current reporting Year Percent level period ago change Camarillo 1.8 1994 Q1 1.7 +7.2 Ojai 1.9 1994 Q1 1.8 +3.6 Oxnard 4.0 1994 Q1 3.1 +29.6 Santa Paula 0.1 1994 Q1 0.2 -12.2 Simi Valley 1.6 1994 Q1 0.9 +82.3 Thousand Oaks 3.9 1994 Q1 2.6 +52.2 Ventura 3.8 1993 Q4 3.6 +5.0

MEDIAN HOME PRICES

(In thousands of dollars)

Latest Current reporting Year Percent level period ago change Ventura County $202.5 Jan.-May $210.1 -3.6 Camarillo $230.4 Jan.-Mar. $207.1 +11.2 Fillmore $146.8 Jan.-Mar. $181.1 -18.9 Moorpark $221.9 Jan.-Mar. $254.9 -13.0 Ojai $194.3 Jan.-Mar. $225.6 -13.9 Oxnard $171.6 Jan.-Mar. $171.0 +0.4 Port Hueneme $163.1 Jan.-Mar. $156.7 +4.1 Santa Paula $147.4 Jan.-Mar. $158.0 -6.7 Simi Valley $175.7 Jan.-Mar. $188.0 -6.5 Thousand Oaks $261.2 Jan.-Mar. $258.2 +1.2 Ventura $186.1 Jan.-Mar. $183.2 +1.6

HOME SALES

Latest Current reporting Year Percent level period ago change Ventura County 2,778 Jan.-May 2,231 +24.5

MORTGAGE RATE

Latest Current reporting Year Percent level period ago change Southern California average 6.42% 1994 Q1 6.97% -0.55

HOUSING VACANCY RATE

Latest Current reporting Year Percent level period ago change Ventura County 5.0% 1994 4.8% +0.2 Camarillo 3.5% 1994 3.4% +0.1 Fillmore 4.0% 1994 3.7% +0.3 Moorpark 3.6% 1994 3.6% +0.1 Ojai 2.9% 1994 3.1% -0.1 Oxnard 5.3% 1994 4.9% +0.5 Port Hueneme 10.7% 1994 10.6% +0.1 Santa Paula 5.4% 1994 5.4% +0.1 Simi Valley 3.3% 1994 3.2% +0.1 Thousand Oaks 3.0% 1994 3.1% -0.1 Ventura 5.1% 1994 5.0% +0.0

Prepared by: UC Santa Barbara Economic Forecast Project