July homebuilding permits push Waco to record levelJuly homebuilding permits push Waco to record levelhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=144182016-09-07T05:00:00Z2016-09-07T17:00:00Z

​WACO - Builders itching to erect new homes and a sizable jump in the average price of a home sold helped push the July 2016 economic index into record territory.

The 47 permits issued in July 2016 for construction of new homes in Waco is the highest ever for July and represents a 160 percent increase from July 2015. 

Fort Worth-based D.R. Horton has begun acquiring permits to fill Park Meadows, a 1,500-home subdivision it plans on 300 acres just off Ritchie Rd. in Waco, near Hewitt and Woodway.

Existing home sales in July were down 11 percent from those in July 2015, according to figures from the Real Estate Center at Texas A&M University. 

The average existing home sales price in July 2016 stood at $196,344, which is 13.3 percent higher than the $173,227 in July 2015.

Waco Tribune-Herald

Want more? See Waco Housing Market Research.

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