Economic Index shows continued growth of Lubbock economy - KCBD NewsChannel 11 Lubbock

Economic Index shows continued growth of Lubbock economy

LUBBOCK, TX (KCBD) - The Lubbock economy continues to grow as the June Economic Index hit 141.6, one point higher than May, which is the largest month-to-month gain this year.

Vehicle sales are up 12% from this time last year.

Construction activity has increased with $264 million in permits being issued during the first six months of 2014, which is the second highest amount on record.

Lubbock saw a spike in new home permits in June, but the number is still down overall, but James Arnold of Lubbock National Bank said there's a reason for the lower number.

"We're comparing it to 2013, which is probably one of the best housing years we've had in a long time. So, when you compare it against last year, it looks like we're still off. It's still a healthy number," Arnold explained.

Home sales also appear lower when compared to 2013.

Copyright 2014 KCBD. All rights reserved.

  • Local News on KCBD.comNewsMore>>

  • Giuliani says White House wants briefing on classified info

    Giuliani says White House wants briefing on classified info

    Saturday, May 26 2018 1:13 AM EDT2018-05-26 05:13:07 GMT
    Saturday, May 26 2018 10:06 AM EDT2018-05-26 14:06:40 GMT
    (AP Photo/Andrew Harnik, File). FILE - In this May 5, 2018, file photo, Rudy Giuliani, an attorney for President Donald Trump, speaks in Washington.(AP Photo/Andrew Harnik, File). FILE - In this May 5, 2018, file photo, Rudy Giuliani, an attorney for President Donald Trump, speaks in Washington.
    President Donald Trump's legal team wants a briefing on the classified materials shared with lawmakers.
    President Donald Trump's legal team wants a briefing on the classified materials shared with lawmakers.
  • Ebola vaccinations begin in rural Congo on Monday: Ministry

    Ebola vaccinations begin in rural Congo on Monday: Ministry

    Saturday, May 26 2018 6:03 AM EDT2018-05-26 10:03:13 GMT
    Saturday, May 26 2018 10:06 AM EDT2018-05-26 14:06:08 GMT
    A vaccination campaign continues in Mbandaka, the city of 1.2 million where four Ebola cases have been confirmed. (Source: (Louise Annaud/Medecins Sans Frontieres via AP)A vaccination campaign continues in Mbandaka, the city of 1.2 million where four Ebola cases have been confirmed. (Source: (Louise Annaud/Medecins Sans Frontieres via AP)

    Congo says confirmed Ebola cases rise to 35, with 10 deaths, as vaccinations continue.

    Congo says confirmed Ebola cases rise to 35, with 10 deaths, as vaccinations continue.

  • Subtropical Storm Alberto heads to the US Gulf

    Subtropical Storm Alberto heads to the US Gulf

    Saturday, May 26 2018 5:23 AM EDT2018-05-26 09:23:12 GMT
    Saturday, May 26 2018 10:04 AM EDT2018-05-26 14:04:22 GMT
    A gradual strengthening is expected through the weekend as Alberto moves north. (Source: NOAA/CIRA/RAMMB/CNN)A gradual strengthening is expected through the weekend as Alberto moves north. (Source: NOAA/CIRA/RAMMB/CNN)

    A storm moving slowly through the Caribbean Sea is threatening to bring heavy rainfall, mudslides, and flash floods to parts of Mexico, Cuba, Florida and the eastern U.S. Gulf Coast this weekend.

    A storm moving slowly through the Caribbean Sea is threatening to bring heavy rainfall, mudslides, and flash floods to parts of Mexico, Cuba, Florida and the eastern U.S. Gulf Coast this weekend.

Powered by Frankly