Car market heats up in Lubbock Economic Index - KCBD NewsChannel 11 Lubbock

Car market heats up in Lubbock Economic Index

LUBBOCK, TX (KCBD) -

The car market remains hot in Lubbock. According the latest Lubbock Economic Index provided by Lubbock National Bank, sales last month jumped 21 percent when compared to March of 2013.

Home sales, on the other hand, cooled. They fell 27%, but prices went up by more than $17,000.

"A softer quarter is always the 1st quarter for home sales, and you see a big ramp up in the 2nd quarter. Those numbers obviously bear watching to see what happens through the balance of the year," James Arnold with Lubbock National Bank said.

Unemployment also remains low in Lubbock. Right now, we sit at 4%. That's the 4th lowest rate in the state.

Copyright 2014 KCBD. All rightsreserved.

  • Local News on KCBD.comNewsMore>>

  • breaking

    Trump cancels North Korea summit

    Trump cancels North Korea summit

    Thursday, May 24 2018 9:50 AM EDT2018-05-24 13:50:52 GMT
    Thursday, May 24 2018 10:07 AM EDT2018-05-24 14:07:38 GMT

    "Sadly, based on the tremendous anger and open hostility displayed in your most recent statement, I feel it is inappropriate, at this time, to have this long-planned meeting," according to a statement released by the White House on Thursday.

    "Sadly, based on the tremendous anger and open hostility displayed in your most recent statement, I feel it is inappropriate, at this time, to have this long-planned meeting," according to a statement released by the White House on Thursday.

  • Dem, GOP leaders to get classified briefings on Russia probe

    Dem, GOP leaders to get classified briefings on Russia probe

    Thursday, May 24 2018 12:42 AM EDT2018-05-24 04:42:28 GMT
    Thursday, May 24 2018 10:04 AM EDT2018-05-24 14:04:50 GMT
    (AP Photo/Jacquelyn Martin). In this May 23, 2018, photo, President Donald Trump speaks to the media before boarding the Marine One helicopter on the South Lawn of the White House in Washington. Two House lawmakers who are allies of President Donald Tr...(AP Photo/Jacquelyn Martin). In this May 23, 2018, photo, President Donald Trump speaks to the media before boarding the Marine One helicopter on the South Lawn of the White House in Washington. Two House lawmakers who are allies of President Donald Tr...

    A briefing Thursday about classified documents will be for just two Republican House members, both Trump allies, as Trump and his supporters in Congress press for information on the outside informant.

    A briefing Thursday about classified documents will be for just two Republican House members, both Trump allies, as Trump and his supporters in Congress press for information on the outside informant.

  • North Korea demolishes nuclear site ahead of Trump summit

    North Korea demolishes nuclear site ahead of Trump summit

    Thursday, May 24 2018 6:32 AM EDT2018-05-24 10:32:00 GMT
    Thursday, May 24 2018 10:03 AM EDT2018-05-24 14:03:45 GMT
    Journalists took a long journey up to North Korea to witness the destruction of what North Korea said were nuclear sites. (Source: CNN)Journalists took a long journey up to North Korea to witness the destruction of what North Korea said were nuclear sites. (Source: CNN)

    North Korea has carried out what it says is the demolition of its nuclear test site in the presence of foreign journalists.

    North Korea has carried out what it says is the demolition of its nuclear test site in the presence of foreign journalists.

Powered by Frankly