New Home Permits Drop - NBC Right Now/KNDO/KNDU Tri-Cities, Yakima, WA |

New Home Permits Drop

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KENNEWICK, Wash--  Family home permits may have fallen victim to a slumping economy.  In Kennewick, the number of single-family home permits approved fell by 12.

We spoke with one contractor, who says the demand for building a new home is not as high, because people are afraid to commit to buying a new home.

"Right now the buyers are just waiting to see what exactly is going to happen to the economy," says Aru Joshi, President of JSI Construction.  "That does cause a domino affect on all the sub-contractors."

The decline in demand isn't just affecting contractors.  The owner of a Kennewick electric company says the number of residential jobs has decreased by roughly 20-percent.  He says when you have a small business, that much of a drop can have lasting effects.

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