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Local News - Local News - November 21, 2012
New-home permit values jump in Spokane area
Move-up market follows bump in existing residential sales

By Mike McLean
Of the Journal of Business

This home in Spokane Valley is one of 542 for which permits have been issued here this year.
This home in Spokane Valley is one of 542 for which permits have been issued here this year.
—Staff photo by Linn Parish
Permit values for new-home construction in the Spokane area have taken a considerable leap this year, indicating a growing number of homebuyers here are looking to move into more custom quarters, some industry observers say.

The average construction value for new single-family home permits issued in unincorporated Spokane County and the cities of Spokane and Spokane Valley was $289,534 through the first nine months of the year, up from $196,132 in the year-earlier period, according...


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