WACO – Home sales values, employment numbers and an almost 17 percent increase in vehicle sales pushed the Greater Waco Economic Index to a record high of 127.4 in February 2018, said economist Karr Ingham.
Surging demand pushed the average price of homes in February to almost $190,000, which Ingham described as “record territory.”
The workforce commission added about 1,600 jobs to the monthly 2017 average in the Waco Metropolitan Statistical Area.
The January-February sales total of $104 million also represents an all-time high and is 8.3 percent higher than the first two months of 2017.
General construction fetched permits valued at almost $43 million in February, a 7 percent jump from January and more than double the $17 million in February of last year.
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