WACO – The Greater Waco Economic Index reached a record high of 128.5 in April 2018, up from a revised 127.5 in March 2018, according to economist Karr Ingham of Amarillo.
Area hotel occupancy hit a record high 77 percent in first quarter 2018.
Hotel/motel revenue in April 2018 totaled $5.2 million, a 27.5 percent jump from the $4.1 million in April 2017.
Year-to-date through April, revenues have increased more than 11.3 percent.
In addition, 66 new home construction permits were issued by the City of Waco in April, well above the 48 issued April 2017.
Meanwhile, 245 existing homes changed hands April 2018, 11.4 percent more than last April.
The 809 homes sold between January and April 2018 “exceeded 800 for the first time on record,” representing a 7.3 percent year-over-year jump.
The local economy created an estimated 1,200 jobs the past year, according to Ingham’s tally.
The jobless rate dipped to 3.4 percent in April, down from 3.5 percent in April 2017.
Spending on vehicles reached $57 million in April, a 37.2 percent jump from last year.
Retail spending actually dipped in April, slipping to $252 million from $255 million.
Year-to-date, spending reached $1.16 billion.