Mar 3, 2014
Lubbock record economy: year-end 2013
LUBBOCK - The Lubbock Economic Index finished 2013 in record territory. With the exception of passenger enplanements at Lubbock International Airport, all economic indicators that are components of the Lubbock...
LUBBOCK – The Lubbock Economic Index finished 2013 in record territory. With the exception of passenger enplanements at Lubbock International Airport, all economic indicators that are components of the Lubbock Economic Index were improved in 2013 compared to 2012.
| Economic Indicators | Base Year 1996 | 2012 | 2013 | Change 2012-2013 |
| Index – Dec.* | 102.5 | 131.5 | 139.0 | 5.7% |
| Retail salesannual | $2,002,762 | $2,665,234 | $2,787,450 | 4.6% |
|
Construction permit values annual | $162,924,623 | $440,329,842 | $475,886,819 | 8.1% |
| New home permits annual | 571 | 652 | 922 | 41.4% |
| # of home sales annual | 2,111 | 3,331 | 3,939 | 18.3% |
|
Average home sale price annual | $85,771 | $148,243 | $155,070 | 4.6% |
| Cotton (per pound) – Dec. | $69.83 | $69.05 | $77.82 | 12.7% |
*(Base=100 January 1996)
Source: Lubbock National Bank
Read more at the Lubbock Economic Development Alliance.
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