Good news on the Lubbock housing front - KCBD NewsChannel 11 Lubbock

5/18/10

Good news on the Lubbock housing front

LUBBOCK, TX (KCBD) - Lubbock's housing market is still on sort of a roller coaster ride. Even so, this is an important indicator of our local economic health.

We have the latest numbers from the City. But first, we'll put them into perspective for you.

Remember, in late 2008, local contractors couldn't build new houses fast enough. Then suddenly the bottom fell out of the market. We had a bit of a recovery in June and July of last year, but that didn't last.

Now, here's what's new. Last month, Lubbock issued 53 construction permits for new houses. That's good, but it's still down about 15 percent from this same time last year.

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