Business

Residential building permits continue to fall

The downward spiral of new residential building permits continued in the first half of 2008 in the Lexington area.

There were 1,093 permits issued for new homes, a 37.7 percent decline from the same months of 2007.

All eight Central Kentucky counties surveyed showed declines, a trend that began in 2006.

Fayette County had a 43.2 percent drop in the first half of 2008, The Market Edge reported Thursday. There were 410 permits issued, compared with 722 in the first half of 2007, The Market Edge said.

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