Good news for Lubbock's new housing market - KCBD NewsChannel 11 Lubbock

11/11/09

Good news for Lubbock's new housing market

Posted:

LUBBOCK, TX (KCBD) - The cornerstone of any economy:  New Housing.  New numbers shed light on the health of Lubbock economy.

For October, Lubbock granted 66 construction permits for new, single-family houses. That's up from 63 in September.

Compared to October of 2008, there is an increase of 25 construction permits for October of 2009, from 41 to 66.

New home construction is down comparing the first 10 months of this year with the same time frame last year.  The new housing sector has shown improvement in Lubbock since August.
 
Web Extra:  In October 2008 the year-to-date taxable value of all new construction was $441,557,839. This October the year-to-date taxable value of all new construction is $295,733,753. 

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