2022 Boise Idaho Real Estate Blog

What is in the pipeline for residential new construction locally? Main Idaho Real Estate Insights

2018 Q2 Residential Stats. Urban Growth Continues

ADA COUNTY

  • 1193 Submitted Lots
  • 1437 Recorded Lots
  • 1342 Building Permits
  • 4770 Current Vacant Lots
  • 129 Records of Survey
  • 32 CP&Fs

CANYON COUNTY

  • 226 Submitted Lots
  • 285 Recorded Lots
  • 448 Building Permits
  • 2109 Current Vacant Lots
  • 122 Records of Survey
  • 21 CP&Fs


With a combines 1,790 new residential construction permits between Ada and Canyon County issued during the second quarter of this year, housing growth has continued as expected and surpassed any previous quarter volume of home construction since 2006, during which time over 2,000 new residential construction permits were issued each quarter.

Median prices on new and existing home sales have steadily risen every year, reflecting that new construction supply has not outperformed the demand for home purchases in the Treasure Valley.

839 Final Plat residential lots approved by Meridian this quarter, which we expect to be recorded as Subdivision plats within 6 to 12 months.

 
Posted by tlangford at 12/11/2018 2:03:00 AM

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