Jan 16, 2014
Lubbock Economic Index: Nov. 2013
LUBBOCK - The Lubbock Economic Index rose to 139.0 in November 2013, up from 138.2 in October 2013 and 131.1 recorded in November 2012, according to the Lubbock National Bank....
LUBBOCK – The Lubbock Economic Index rose to 139.0 in November 2013, up from 138.2 in October 2013 and 131.1 recorded in November 2012, according to the Lubbock National Bank.
| Economic Indicators | Base Year 1996 | Nov. 2012 | Nov. 2013 | Change 2012-2013 |
|---|---|---|---|---|
| Retail sales YTD | $1,842,023 | $2,441,414 | $2,573,448 | 5.4% |
|
Construction permit values | $5,123,247 | $38,389,395 | $57,763,855 | 50.5% |
| New home permits | 30 | 41 | 78 | 90.2% |
|
Number of home sales | 149 | 256 | 251 | -2.0% |
|
Average home sale price | $81,519 | $151,552 | $149,442 | -1.4% |
| Cotton (per pound) | $68.53 | $66.12 | $75.05 | 13.5% |
| Rig Count* | 21 | 39 | 41 | 5.1% |
* Texas Railroad Commission District 8A (Lubbock Area)
Source: Lubbock National Bank
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