Lubbock economic indicators chargeLubbock economic indicators chargehttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=77182013-04-11T12:42:00Z2013-04-11T00:00:00Z

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
Base Year
2012 2013 Change
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
$14,098,765 $19,070,022 $46,388,057 143.3%
New home permits 45 48 115 139.6%
Number of home
128 148 217 46.6%
Average home sale
$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
http://www.lubbockeda.org/media/docs/lnb%20col%20-%20lei%20jan%202013.pdfRead more at {Source}

 Search NewsTalk Texas