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>>

  • Political end to Olympics: NKorea offers talks with US

    Political end to Olympics: NKorea offers talks with US

    Sunday, February 25 2018 2:16 AM EST2018-02-25 07:16:08 GMT
    Sunday, February 25 2018 6:36 PM EST2018-02-25 23:36:56 GMT
    (AP Photo/Patrick Semansky). A volunteer walks in a foggy Pyeongchang Olympic Plaza during the 2018 Winter Olympics in Pyeongchang, South Korea, Saturday, Feb. 24, 2018.(AP Photo/Patrick Semansky). A volunteer walks in a foggy Pyeongchang Olympic Plaza during the 2018 Winter Olympics in Pyeongchang, South Korea, Saturday, Feb. 24, 2018.

    Pyeongchang closes its chapter of the modern Olympics on Sunday night with tales of detente and competitive grit and volunteerism and verve.

    Pyeongchang closes its chapter of the modern Olympics on Sunday night with tales of detente and competitive grit and volunteerism and verve.

  • China paves way for Xi Jinping to extend rule beyond 2 terms

    China paves way for Xi Jinping to extend rule beyond 2 terms

    Sunday, February 25 2018 4:05 AM EST2018-02-25 09:05:47 GMT
    Sunday, February 25 2018 6:17 PM EST2018-02-25 23:17:26 GMT
    Chinese President Xi Jinping speaks during a joint press briefing with French President Emmanuel Macron, at the Great Hall of the People in Beijing, Tuesday, Jan. 9, 2018. (AP Photo/Mark Schiefelbein, Pool)Chinese President Xi Jinping speaks during a joint press briefing with French President Emmanuel Macron, at the Great Hall of the People in Beijing, Tuesday, Jan. 9, 2018. (AP Photo/Mark Schiefelbein, Pool)

    China's official news agency says the ruling Communist Party has proposed removing a limit of two consecutive terms for the country's president and vice president.

    China's official news agency says the ruling Communist Party has proposed removing a limit of two consecutive terms for the country's president and vice president.

  • 5 dead after tornado, flooding from central US storms

    5 dead after tornado, flooding from central US storms

    Sunday, February 25 2018 2:25 AM EST2018-02-25 07:25:46 GMT
    Sunday, February 25 2018 6:06 PM EST2018-02-25 23:06:23 GMT
    (Liz Dufour/The Cincinnati Enquirer via AP). A view from the Central Bridge shows the flooding from the Ohio River  Saturday, Feb. 24, 2018 in Cincinnati.  Forecasters expected the Ohio River could reach levels not seen since the region's deadly 1997 f...(Liz Dufour/The Cincinnati Enquirer via AP). A view from the Central Bridge shows the flooding from the Ohio River Saturday, Feb. 24, 2018 in Cincinnati. Forecasters expected the Ohio River could reach levels not seen since the region's deadly 1997 f...

    A man in northeast Arkansas and a woman in south central Kentucky both were killed as the storm that also included strong winds, hail and heavy rain that triggered flooding muscled its way through the area, according to authorities.

    A man in northeast Arkansas and a woman in south central Kentucky both were killed as the storm that also included strong winds, hail and heavy rain that triggered flooding muscled its way through the area, according to authorities.

Powered by Frankly