KENNEWICK, Wash.—The Home Builders Association of Tri-Cities reports single-family residential permits in 2010 showed an overall increase of 25% from 2009. Values for those permits increased by 35%, which also means values have gone up over all.
A representative says a major factor is "The First-Time Home Buyer Tax Credit," which expired at the end of April. Also, Tri-Cities has a strong economy.
Home Builder Association employees hope to see similar numbers in 2011; however, they say it will be hard to predict without "The First-Time Home Buyer Tax Credit."