Economic Profile

POPULATION

Latest Current reporting Year Percent level period ago change Ventura County 713,400 July ’94 703,600 +1.4 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 17,200 Feb. 17,900 -3.9 Oil & gas extraction 1,900 Feb. 2,000 -5.0 Construction 9,100 Feb. 9,100 0.0 Durable manufacturing 20,100 Feb. 21,500 -6.5 High technology 9,200 Feb. 9,800 -7.1 Non-durable manufacturing 8,000 Feb. 8,000 0.0 Transportation & 11,200 Feb. 10,800 +3.7 public utilities Wholesale trade 11,600 Feb. 11,400 +1.8 Retail trade 44,400 Feb. 43,000 +3.3 Finance, insurance 11,900 Feb. 12,900 -7.8 & real estate Services 68,600 Feb. 66,400 +3.3 Government 42,700 Feb. 43,100 -0.9 Total employment in county 246,700 Feb. 246,100 +0.2 Employed residents 352,800 Feb. 355,800 -0.8 Unemployment rate 6.7% Feb. 8.8% -2.1 Total employment California (thousands) 12,431 Feb. 12,262 +1.4 Nation (millions) 124.7 Jan. 122.0 +2.2

BUILDING PERMITS

Residential permits, single-family

Latest Current reporting Year Percent level period ago change Ventura County 54 January 41 +31.7 Camarillo 0 January 79 -- Fillmore 0 January 9 -- Moorpark 0 January 10 -- Ojai 0 January 0 -- Oxnard 3 Jan.-Feb. 3 -- Port Hueneme 0 January 0 -- Santa Paula 0 January 0 -- Simi Valley 6 Jan.-Feb. 0 -- Thousand Oaks 64 Jan.-Feb. 16 +300.0 Ventura 5 January 1 +400.0 All residential units, 57 January 141 -59.6 single-family and multiple

Value of all residential permits (in millions of dollars)

Latest Current reporting Year Percent level period ago change Ventura County $14.6 January $21.4 -31.9 Camarillo $0.7 January $0.8 -3.3 Fillmore $0.02 January $1.3 -98.5 Moorpark $0.03 January $3.0 -99.0 Ojai $0.1 January $0.0 -- Oxnard $1.8 Jan.-Feb. $6.4 -72.5 Port Hueneme $0.0 January $0.0 +1251.1 Santa Paula $0.03 January $0.06 -48.5 Simi Valley $2.6 Jan.-Feb. $1.0 +171.6 Thousand Oaks $13.5 Jan.-Feb. $7.5 +80.2 Ventura $1.5 January $0.5 +188.5

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

Latest Current reporting Year Percent level period ago change Ventura County $7.9 January $24.7 -68.0 Camarillo $1.3 January $2.5 -46.8 Fillmore $0.0 January $0.0 -- Moorpark $0.03 January $0.09 -63.3 Ojai $0.6 January $0.0 -- Oxnard $3.7 Jan.-Feb. $3.8 -1.2 Port Hueneme $0.0 January $0.0 -- Santa Paula $0.0 January $0.0 -- Simi Valley $1.9 Jan.-Feb. $8.9 -78.4 Thousand Oaks $8.9 Jan.-Feb. $19.5 -54.2 Ventura $1.0 January $ 0.6 +52.1

INFLATION RATE

Latest Current reporting Year Percent level period ago change Southern California 1.51% February 1.47% +0.04

RETAIL SALES

Cities by quarter (in millions of dollars)

Latest Current reporting Year Percent level period ago change Camarillo $50.5 1994 Q2 $49.3 +2.5 Fillmore $10.8 1994 Q2 $11.0 -1.6 Moorpark $14.6 1994 Q2 $10.3 +41.2 Ojai $13.3 1994 Q2 $13.9 -4.6 Oxnard $235.7 1994 Q2 $214.0 +10.2 Port Hueneme $10.2 1994 Q2 $10.5 -2.4 Santa Paula $22.5 1994 Q2 $20.9 +8.0 Simi Valley $135.6 1994 Q2 $125.2 +8.3 Thousand Oaks $294.4 1994 Q2 $250.4 +17.6 Ventura $238.1 1994 Q2 $223.6 +6.5

HOTEL / MOTEL ROOM SALES

(in millions of dollars)

Latest Current reporting Year Percent level period ago change Camarillo 1.86 1994 Q4 1.62 +14.2 Ojai 2.65 1994 Q4 1.99 +33.3 Oxnard 2.88 1994 Q4 3.63 -20.6 Santa Paula 0.13 1994 Q4 0.15 -14.2 Simi Valley 1.62 1994 Q4 1.25 +29.2 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 Year Percent level period ago change Ventura County $194.6 Jan.-Feb. $204.6 -4.9 Camarillo $248.2 January $222.3 +11.7 Fillmore $124.0 January $138.0 -10.1 Moorpark $204.2 January $223.9 -8.8 Ojai $230.5 January $182.0 +26.6 Oxnard $200.2 January $163.5 +22.4 Port Hueneme $127.0 January $137.5 -7.6 Santa Paula $138.0 January $146.3 -5.7 Simi Valley $170.0 January $175.2 -3.0 Thousand Oaks $244.5 January $259.9 -5.9 Ventura $171.4 January $175.7 -2.5

HOME SALES

Latest Current reporting Year Percent level period ago change Ventura County Sample 320 Jan. ’95 341 -6.2

MORTGAGE RATE

Latest Current reporting Year Percent level period ago change Southern California average 6.68% 1994 Q4 6.15% +0.53

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% --

Prepared by: UC Santa Barbara Economic Forecast Project