4Q retail sales get boost from new home sales

first_imgActivity subject to sales tax2013: $1.3 billion2012: $1.2 billion2011: $1.14 billion2010: $1.1 billion2009: $1 billionSOURCE: Washington Department of RevenueIt was new houses, not holiday bargains, that drove Clark County retail sales to the highest increase in the state in the fourth quarter of 2013, a jump that was almost double the increase recorded statewide.Home construction drove the county’s taxable retail sales higher by 10.7 percent in the three months ending Dec. 31, which topped a statewide increase of 5.8 percent during the same period, the Washington State Department of Revenue reported Tuesday. Clark County also registered a higher year-over-year retail sales increase than Washington’s four most populous counties — King, which grew 6.3 percent; Pierce, which grew 3.2 percent; Snohomish, which grew 6.2 percent; and Spokane, which grew 5.4 percent.County sales of building materials shot up 20 percent to 59.4 million in the fourth quarter, the state reported.“The highest contributor to the bump in sales, is new home construction,” said Pam Lindloff, an associate vice president with NAI Norris Beggs & Simpson in Vancouver. “If you compare residential growth across the state, (Clark County) had pretty good new home construction last year,” said Lindloff, a commercial real estate broker who specializes in retail trade.The state reported sales taxes on $233 million worth of construction activity in Clark County in the fourth quarter, an increase of 21.7 percent from $191.4 million during the same period in 2012. The increase coincides with an increase in homebuilding, as measured by permits issued in Vancouver and unincorporated Clark County, which shot up 23.2 percent to 239 new homes, compared with 194 houses in the fourth quarter of 2012.The taxed items “would be anything from someone buying their appliances at DeWils to Super Floors” in Vancouver, said Terry Wollam, a Realtor with Wollam & Associates Real Estate who works with local housing developers.last_img read more

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