Boise Idaho Building Permit Report

New construction in the Treasure Valley have seen upward movement for at least a year and a half. June 2013 was down 89 in Ada County building permits from May which represents a 32% decrease. Canyon County realized 50 fewer permits, over 50% decrease.While this is a significant drop it is normal for permit activity to decrease at this time of the year but this frop was higher than expected.

Review out result of the latest survey of building permits and who is building the most expensive custom homes in Boise, Idaho.

5 was a vast improvement as you can see from the infographics at the top. While Build Idaho is not in the business of economic forecasts, there does not seem to be a reason for 2016 to slow down. As a matter of fact, we are already seeing homebuyers requesting more information now than last year, and yes, California keeps calling.

The consistent demand for new homes has remained strong throught 2015 and prices have risen to levels we have not seen since 2005. The cost of new homes is up on on all fronts according to local builders from land prices to material to labor. The demand for all is driving prices back to where they were at teh peak of the market. So are we in for another crash?