Waco: July record-high home sales spur economyWaco: July record-high home sales spur economyhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=362015-08-27T05:00:00Z2015-08-27T18:00:00Z

​​WACO - With homes selling at a record pace and consumers digging deeply into their pockets, the Greater Waco economy continued to flex its muscles in July, extending the local expansion to 31.5 years, economist Karr Ingham reported.

“Index growth in July was powered by record home sales along with increases in general spending, auto spending, hotel/motel tax receipts and unemployment rate decline” Ingham said.

A total of 285 homes changed hands last month, which is a new record not only for July but for any month, breaking the previous high mark of 280 closed sales in June 2006. That number is about 18 percent more than the 242 sold in June.

Waco issued 18 permits in July for construction of new homes, down from 25 a year earlier. However, year-to-date through July, a total of 242 permits have been issued, which is 17.5 percent more than the 206 during the first seven months of 2014.

Retail sales hit $184 million in July, up 5.7 percent from the $174 million during July 2014. Automobile spending remains in the fast lane, hitting $52 million in July compared to $47 million in July of 2014, an increase of 9.4 percent.​

Waco Tribune-Herald
http://www.wacotrib.com/news/business/greater_waco_economic_index/record-home-sales-spending-uptick-spur-waco-economy-s-growth/article_ad0e780c-2ba8-582b-9aab-82d239e05d72.htmlSource: {Source}

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