Lubbock economic indicators charge | Lubbock economic indicators charge | https://www.recenter.tamu.edu/news/newstalk-texas/?Item=7718 | 2013-04-11T12:42:00Z | 2013-04-11T00:00:00Z |
LUBBOCK - The Lubbock Economic Development Alliance released January 2013 economic indicators. The Lubbock Economic Index (LEI), generated by Lubbock National Bank, achieved a major milestone in January, returning its prerecession peak of 131.6 last reached in September 2008 just prior to the onset of the downturn in the Lubbock economy.
The LEI rose to that level in January by posting a sharp month-to-month increase from 130.5 in December, and was up a stout 8.2 percent from the January 2012 LEI of 121.6.
A number of economic indicators in January 2013 reflect hefty increases compared to January of a year ago.
The spending sectors remain strong, the construction indicators are up by triple-digit percentage points, and residential real estate activity skyrocketed in January.
Lubbock Economic Indicators
Jan. 2013
Economic
Indicators |
Base Year
1996 |
2012 |
2013 |
Change
2012-2013 |
Retail sales |
$150,481 |
$197,538 |
$209,496 |
6.1% |
Auto purchases
($000s in 1995$) |
$30,794 |
$49,752 |
$61,745 |
24.1% |
Construction permit
values |
$14,098,765 |
$19,070,022 |
$46,388,057 |
143.3% |
New home permits |
45 |
48 |
115 |
139.6% |
Number of home
sales |
128 |
148 |
217 |
46.6% |
Average home sale
price |
$86,201 |
$131,241 |
$148,979 |
13.5% |
Cotton - bales ginned
crop year |
2,495,400 |
1,384,650 |
2,364,650 |
70.8% |
For the full report see Lubbock Economic Development Alliance Jan. 2013 report.
| Lubbock Economic Development Alliance
| Lubbock
| Economy
| http://www.lubbockeda.org/media/docs/lnb%20col%20-%20lei%20jan%202013.pdf | | | | Read more at {Source} |