Big improvement for Lubbock's new housing sector - KCBD NewsChannel 11 Lubbock

2/7/10

Big improvement for Lubbock's new housing sector

 By James Clark | email

LUBBOCK, TX (KCBD) - Lubbock's new home construction shows huge improvement comparing January 2010 with January 2009. In the month of January, Lubbockites applied for 58 new home construction permits. The taxable value of those new homes is $13,201,716. 

A year ago it was 40 new homes with a taxable value of $7,305,710. Also included all forms of new construction the taxable value in January 2010 is $40,894,930, as opposed to only $23,797,879 in January 2009. New housing is considered a leading indicator because it affects construction, carpet outlets, furniture stores, landscaping, banks, and many other types of jobs.

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