2019 Boise Idaho Real Estate Blog

Top Builders Report July 2014 Main Idaho Real Estate Insights

Boise Idaho New Construction Report

Please Stay Seated, we are experiencing a little turbulence!  Where are the home buyers? In 2011, builders started to get busy again and by 2013 there was not enough subs to meet demand. Now sub-contractors are calling builders looking for work. What has happened? Are people no longer moving to Boise or are they no longer looking at new homes?

We have not heard anything that could begin to answer these questions but the market has stagnated. No one seems to think we over built and this is the result of too much inventory but the trend is probably going to stay until Fall. Summer is normally slower but the industry and local economy do not want to see it slip much slower.

Here is a look at the last 13 months by county. As you can see, last year at this time Ada County was at over 250 permits pulled and now it is well below 200. Canyon County has remained relatively stable and consistent over the last 13 months.

Ada County Building  Permit 12 Month Review- June 2014

 

A closer look of building activity by county-

 

Ada County Building Permit Trends- July 2014

 

Canyon County Building Permit Trends- July 2014

Changes in the Boise Real Estate Marketplace

  1. We noticed three new communities coming to market over the last month.

 

Click images for Full Report

Boise Real Estate Report

Boise Real Estate Market Chart Report

Nampa Idaho Real Estate Report

Nampa Real Estate Market Chart Report

What you need to know

Luxury home sales are down in Eagle and as the report indicates that the slower conctruction pace and increase in supply may push home values down again.

 
Posted by tlangford at 8/8/2014 2:54:00 PM
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Michelle Penick, Build Idaho Client Real Estate Services

Michelle Penick

Client Care Team
208.629.0217 | [email protected]

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