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Waco economic index finishes 2016 strongWaco economic index finishes 2016 stronghttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=156722017-01-27T06:00:00Z2017-01-27T18:00:00Z

​​WACO – The housing sector, including home sales and home construction, created the most good news for the local economy during 2016, according to Amarillo-based economist Karr Ingham in his December snapshot of local trends.

The year also saw a sizable increase in spending on automobiles and stays in local hotels.

A total of 2,721 existing homes changed hands last year, a 5 percent increase from 2015, and builders took out 409 permits to erect new homes in Waco, an 8 percent jump from the year before, Ingham said. ​

His report includes totals for the year, the quarter, and the month of December. He said the local economy finished the year “on an uptick” from November, with the raw index number reaching 124.1, up from 123.9 in November and up 2.8 percent from the 120.7 in December of 2015.​

Still, the increase fell below the average annual norm of 4.6 percent during the period between 2011 and 2015.​​

Waco Tribune-Herald
Waco
Economy
http://www.wacotrib.com/news/business/greater_waco_economic_index/waco-economic-index-ends-on-high-note/article_410d781e-4e5f-57f9-98b2-2e90e0d86407.htmlRead more at {Source}

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