Waco economy surges in MarchWaco economy surges in Marchhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=75452013-04-25T15:31:00Z2013-04-25T00:00:00Z

WACO - The Waco economy is recovering at a consistent pace after the recession officially ended in 2009. Spending, home construction and employment all surged in March, marking the 14th consecutive month the Greater Waco Economic Index has improved.

The index hit 109.5 last month, up from 103.6 a year ago, in a study prepared by Karr Ingham, Amarillo economist.

January through March spending hit $559 million in Waco and nine suburbs, up from $521 million during the same period last year.

Payroll employment grew by about 2,500 jobs during the past 12 months, and was up 2.4 percent in March from the same month a year ago.

Housing construction continued to improve sharply in March, with
 42 permits issued to build single-family homes. For the quarter, builders took out 107 permits, representing the highest first quarter since 2008.

Sales of existing homes rose 11 percent during the first quarter, also the best showing since the first quarter of 2008. The average price of an existing home sold during the first quarter was $142,339, a 7.5 percent bump.

Construction activity hit $61 million in value during March.

Waco Tribune-Herald
http://www.wacotrib.com/news/business/greater_waco_economic_index/waco-enjoys-th-consecutive-month-of-economic-improvement/article_02af7706-de3d-52bf-a551-0cc96ee8ffdd.htmlRead more at {Source}

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