Lubbock Economy Reaches MilestonePosted: April 30, 2013 at 1:13 PM by Deron Tucker LUBBOCK - Lubbock Economic Index (LEI) numbers for January reflect the local economy has officially recovered to prerecession levels. The Economic Index and Consumer Price Index posted 131.6 in January, which was last reached by the LEI in September 2008.The sharp month-to-month increase to 131.6 from 130.5 in December 2012 is a staggering 8.2 percent jump from the LEI posting of 121.6 for the same month last year, according to James Arnold with Lubbock National Bank.The $46.3 million in permits f read more |
More Than 200 Jobs Head To LubbockPosted: April 30, 2013 at 1:12 PM by Deron Tucker LUBBOCK - The Lubbock Economic Development Alliance (LEDA) announced the creation of 261 new jobs. The additional jobs come as a result of the expansion of one local business and relocation of one new business to the Lubbock community.Custom Teleconnect is a full-service operator service provider focused toward the telecommunications industry. The company is headquartered in Las Vegas and currently has locations in both Las Vegas and Lubbock.There are currently around 40 employees in the Lubbock o read more |
Lubbock Housing Market Shows StrengthPosted: April 30, 2013 at 11:21 AM by Deron Tucker LUBBOCK - While the national real estate market begins to show recovery signs, both the Texas and Lubbock markets continue to steadily increase at above average rates.January numbers for both existing home sales and new residential construction indicate the local growth trend will continue well into 2013. Months inventory is 4.4 months, a 35.3 percent decrease from 6.8 months a year ago.There are about 1,074 single-family homes available in Lubbock County, a 22.2 percent decrease from January read more |
Alamo Drafthouse Hit For The HubPosted: April 30, 2013 at 10:47 AM by Deron Tucker LUBBOCK - Alamo Drafthouse will open in North Slide Square center at 5200 North Loop 289. The theatre will feature eight screens with state-of-the-art digital sound, RealD 3D projection and 35mm projection in select auditoriums.A combination of movie theatre and restaurant, the theatre offers food, drinks, films and events all under one roof.Construction and site work has already begun at the new location, which is expected to be completed in time for the 2014 summer movie season, according Tim Le read more |
The Texas Real Estate MarketPosted: August 02, 2012 at 1:26 PM by Deron TuckerWhere is the Texas real estate market headed?The Texas real estate market continues to show marked improvements over last year, according to the 2012-Q2 edition of theTexas Quarterly Housing Report released yesterday. Here are some highlights from the report: The median sales price of Texas homes in the second quarter of 2012 was $161,400, which is 7.45% more than 2011-Q2. The average sales price had a similar jump, up 7.13% from second quarter 2011, to $213,674. In addition to s read more |
