Sep 6, 2012
Lubbock economic index: 2Q 2012
LUBBOCK - The second quarter 2012 was a growth quarter for the Lubbock economy, as was the first half of 2012 as a whole. The Lubbock Economic Index continued its...
LUBBOCK – The second quarter 2012 was a growth quarter for the Lubbock economy, as was the first half of 2012 as a whole.
The Lubbock Economic Index continued its sharp upward movement in June 2012 rising 125.8 up from 124.7 in May 2012, and up 4.2 percent from June 2011.
| 2Q 2011 | 2Q 2012 | Change | 2011 YTD | 2012 YTD | Change | |
| Retail sales* | $610,563 | $643,859 | 5.5% | $1,264,120 | $1,312,171 | 3.8% |
|
Dollars spent on auto purchases* | $135,494 | $163,312 | 20.5% | $273,737 | $317,812 | 16.1% |
|
Value all construction permits | $78,167,493 | $145,783,646 | 86.5% | $139,479,657 | $231,754,499 | 66.2% |
| New home permits | 165 | 183 | 10.9% | 301 | 348 | 15.6% |
|
Number of home sales | 863 | 998 | 15.6% | 1,370 | 1,615 | 17.9% |
|
Average home sale price | $140,877 | $149,486 | 6.1% | $138,925 | $146,073 | 5.1% |
*Dollars represented in thousands in 1995 dolars.
For the full report, see The Lubbock National Bank.
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