Where is the Tri-City WA Growth?
Sunday, July 18, 2010
As we closed out the statistics for the first half of 2010, one has a better understanding of the Tri-City growth patterns. The City of Pasco continues to lead the Tri-Cities in new platted residential lots. Last year the City of Pasco had a total of 267 new residential lots. As we closed out June 2010, Pasco already had 305 new residential lots. Many of these lots were developed for lower priced homes. The City of Kennewick reported 107 new lots for last year and zero for this year.
I assume with development money being limited, it is difficult to borrow for lot development. The builders, who develop their own lots, seem to be having a distinct advantage.
