Waco housing market on the riseWaco housing market on the risehttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=95872012-09-18T10:31:00Z2012-09-18T00:00:00Z

WACO - The National Association of Home Builders released its September report showing Waco-McLennan County is among 99 Metropolitan Statistical Areas nationwide with a surging housing market.

The index measures three sets of data: employment growth, house price appreciation and growth in the number of permits issued to build single-family homes. A metropolitan area must see improvement in those areas for at least six months before being included in the “improving markets” list.

Payroll employment throughout McLennan County totaled 105,900, which is 1 percent more than the 104,800 in July of last year, or an increase of 1,100 people.

“That (July) number represents the largest margin of year-over-year employment growth thus far in 2012,” said Karr Ingham, an Amarillo-based economist who prepares a monthly Greater Waco Economic Index.

The Waco-McLennan County area took out 37 permits in July to build single-family homes, a record for the month. There were 277 permits to build single-family homes between October of last year through August of this year.

The Real Estate Center at Texas A&M University, using data from Waco’s Multiple Listing Service, showed that 1,214 homes were sold in the Greater Waco area during the first seven months of this calendar year. That is up from 1,030 sold through July of last year.

Waco Tribune-Herald
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