Lubbock housing construction thrived in 2013
The Lubbock housing industry continues to thrive.
Final 2013 construction numbers for Lubbock are due out next month, but between January through November of this year, construction permits for single-family homes were up 42% compared to the same time period last year.
New home permits have almost doubled compared to the same period in 2011.
The taxable value of all new construction was up 5% over last year as well, with nine new homes in the Hub City having an estimated taxable valuation in excess of a half million dollars.
National home values rose 5.2 percent in 2013 and are expected to climb 3.7 percent in 2014.