Economic Trends

August 2016

Building Permits
Economic Trends
City of Corpus Christi

July YTD 2015

2015 Yr.

2014Yr.

2013 Yr.

696

695

1,088

1,134

1,255

951

New Residential Valuation

131,642,768

121,048,967

191,238,582

206,769,726

240.582,240

178,097,897

New Commercial Permits

159

180

311

294

200,243,514

107,964,267

243,951,272

225,859,000

New Residential Permits

New Commercial Valuation

Source: www.cctexas.com

July YTD 2016

255
141,869,121

2012 Yr.

198
155,968,117

Enplanements/Corpus
Christi International
Airport

Source: www.cctexas.com

Economic Trends

JAN - DEC 2012

328,663

JAN - DEC 2013

334,794

JAN - DEC 2014

361,856

JAN - DEC 2015

351,028

JUL YTD 2015

202,524
197,681

JUL YTD 2016

0

50,000

100,000

150,000

200,000

250,000

300,000

350,000

400,000

Bank & Credit Union

Deposits

Economic Trends
Bank & Credit Union Deposits (in millions for June 30 of each year)

2015

2014

2013

2012

Aransas County
$357

$310

$320

$314

Bee County

$345

$331

$353

$360

Jim Wells County

$687

$641

$614

$606

Kleberg County

$442

$443

$443

$399

Nueces County

$8,113

$7355

$6,415

$5,975

$687

$655

$627

$577

Total Deposits in millions

$10,631

$9,735

$8,772

$8,231

% Change

9.20%

10.98%

6.57%

11.20%

San Patricio County

Source: FDIC & NCUA

Employment by Sector for

Selected Month/Corpus Christi MSA

Economic Trends
July 2016

Jul 2016

Jun 2016

Jul 2015

Jul 2014

Jul 2013

Jul 2012

196,000

197,700

192,600

193,000

185,900

183,400

23,200

23,100

23,700

25,700

23,300

22,400

9,200

9,100

9,500

10,000

9,800

9,900

35,700

36,200

35,700

35,700

33,900

32,700

Information

2,000

2,000

2,100

2,100

2,100

2,100

Financial Activities

8,700

8,700

8,400

8,500

7,800

7,700

Professional and Business Services

16,600

16,900

16,900

15,900

15,600

15,200

Education and Health Services

32,300

31,500

29,700

29,400

29,500

30,500

Leisure and Hospitality

28,100

28,400

26,900

16,100

24,800

23,700

8,300

8,300

8,200

8,300

7,800

7,800

31,900

33,500

31,500

31,300

31,300

31,400

Total Nonagricultural
Mining, Logging, & Construction
Manufacturing
Trade, Transportation, and Utilities

Other Services
Government

Source: www.tracer2.com

Housing Activity for Corpus

Christi Local Market Area

Economic Trends
Home Sales
450
400
350

300
250
200
150
100
50
0
Jan

Feb

Mar

Apr

May

Jun
2014

Jul
2015

2016

Aug

Sep

Oct

Nov

Dec

ACCRA Cost
of Living Index
Economic Trends

Quarter

2015
Annual
Average

2014
Annual
Average

2013
Annual
Average

2012
Annual
Average

Corpus Christi MSA

93.7

95.2

92.7

92.1

91.9

Houston, Texas

97.5

98.2

99.0

99.2

94.8

Savannah, Georgia

89.7

90.9

91.5

92.9

91.0

114.1

112.3

111.4

107.6

109.0

New Orleans, Louisiana

98.0

95.1

97.0

98.8

94.6

Baton Rouge, Louisiana

94.0

92.4

94.6

91.6

91.9

114.8

112.8

109.5

113.0

116.2

Comparison of Port Cities

Miami, Florida

Baltimore, Maryland

2016 1st

Source: www.recenter.tamu.edu/data/housing-activity/#!/activity/Local_Market_Area_(LMA)/Corpus_Christi_(Corpus_Christi_AoR)

Sales Tax Collection

Economic Trends
City

July YTD 2016

July YTD 2015

2015

2014

2013

2012

City of Alice

3,056,718

6,085,157

8,533,746

12,795,806

15,019,647

17,068,671

City of Aransas Pass

1,137,500

1,107,839

1,960,325

1,883,537

1,873,427

1,854,506

City of Beeville

2,101,434

2,285,225

3,933,406

3,941,579

4,363,268

4,220,671

41,670,227

46,092,154

77,787,653

80,774,938

76,088,455

72,581,730

2,599,369

2,606,365

4,493,908

4,570,978

4,365,292

4,213,455

984,815

927,616

1,992,045

1,914,414

1,747,363

1,654,773

City of Portland

2,823,136

2,634,981

4,720,108

4,383,452

3,934,674

4,067,006

City of Robstown

1,026,356

1,884,362

2,720,469

4,302,652

4,308,682

4,134,952

City of Rockport

1,392,446

1,339,307

2,396,659

2,280,251

2,093,139

1,939,196

128,768

122,776

227,000

221,498

219,216

191,974

1,014,239

1,016,685

1,746,903

1,314,422

1,304,182

1,135,617

City of Corpus Christi

City of Kingsville
City of Port Aransas

City of Fulton
City of Ingleside

Source: https://mycpa.cpa.state.tx.us/allocation/AllocHist.jsp

Unemployment Rates
Economic Trends
7.0
6.0
5.0
4.0
3.0
2.0
1.0
0.0
Corpus Christi
Texas
U.S.

Jul.-2015

Aug. 2015

Sep. 2015

Oct. 2015

Nov.2015

Dec. 2015

Jan. 2016

Feb.2016

Mar.2016

Apr. 2016

May. 2016

Jun. 2016

Jul. 2016

5.1
4.6
5.6

5.0
4.4
5.2

5.0
4.4
4.9

5.2
4.5
4.8

5.4
4.5
4.8

5.2
4.2
4.8

5.5
4.4
5.3

5.5
4.3
5.2

5.6
4.5
5.1

5.3
4.2
4.7

5.3
4.2
4.5

6.0
4.8
5.1

6.2
5.1
5.1

Source:
www.tracer2.com/admin/uploadedpublications/1716_corpuschristimsa.pdf

Executive Update
Economic Trends
Existing Industries July 2016 YTD

Industry Attraction July 2016 YTD

New Projects This Month: 1

Current Active Projects: 9
Potential Jobs: 332
Potential Investment: $851 M
Existing Industry Visits This Month: 9
Existing Industry Visits YTD: 84
Existing Industries Assisted(non-projects)This Month: 5
Existing Industries Assisted (non-projects) YTD: 32

New Projects This Month: 3

Current Active Projects: 12
Potential Jobs: 2,304
Potential Investment: $2.261 B
Project Site Visits This Month: 1
Marketing Trips YTD: 17
Site Selectors Contacted YTD: 116
Target Companies Contacted YTD: 58

For more information contact: Emily Martinez, VP

For more information contact: Tommy J. Kurtz, VP

The CCREDC thanks the following for either renewing their investment or joining the
CCREDC in the month of July:
Rangeland Energy

M&G Resins USA,LLC

Value Bank Texas

Corpus Christi RTA
ZJZ Hospitality, Inc.
Navy Army Credit Union
Kailo Communications Studio

HDR, Inc.

International Brotherhood of Electrical Workers

Carlisle-Corrigan Benefits, LLC
Susser Holdings II, L.P.
Testengeer, Inc.
Higginbotham Swantner & Gordon Insurance