| Submitted Final Plat Lots* | Recorded Subdivision Lots | Building Permits | Recorded Surveys | Vacant Lots | ||
|---|---|---|---|---|---|---|
| ID | Ada | 1875 | 551 | 1262 | 110 | 5111 |
| ID | Canyon | 357 | 423 | 490 | 131 | 2129 |
* Submitted Lots data may be delayed depending on each agency's reporting process.
With 1,752 new residential construction permits issued versus 974 new subdivision lots recorded during 2019 Q1, the brief replenishment of vacant lots experienced at the end of 2018 was almost immediately tapped with a net reduction of 778 residential lots since January 1st. At this point, any new construction activity is following directly on the heels of the development process.
* Submitted Lots data may be delayed depending on each agency's reporting process.
** MLS Sales Data—Intermountain Multiple Listing Service, Inc. (http://publicstats.intermountainmls.com/static/staticreports.aspx)
MLS Sales Statistics reports that Days on Market for new construction in Ada county increased to 75 DOM in Q1, but median and average prices on new homes are still up 6-7% over last year, and dollar volume far exceeded 2018 Q1 sales by nearly 30%.
In the realm of existing home sales, 12% fewer houses were sold, but those that did went for 8-9% higher sales prices compared with 2018 Q1. This might reflect that homeowners are holding onto their property in a market where "trading out" incurs higher costs than seems worthwhile. Barring any major macroecononic fluctuations, we anticipate a highly competitive housing market during this warm season that is rapidly putting Boise home prices on par with nearby metropolitan areas.
We already predicted that the increasing rate of construction experienced from year-to-year since 2010 is unsustainable due to all latent approved lots from pre-2005 having been built-out, and that Nampa and Caldwell are targeted as new hubs for residential development. Unless recorded lots can catch up in Q2 and Q3, it would not be a surprising turn of events if New Residential building permits issued in Ada county during 2019 barely surpasses the total issued in 2018.
* Submitted Lots data may be delayed depending on each agency's reporting process.
| Builder | New Residential Permits |
|---|---|
Corey Barton Homes, Inc. | 363 |
Blackrock Homes LLC | 65 |
Brighton Homes | 61 |
Toll Bros., Inc. | 61 |
Todd Campbell Construction, Inc. | 45 |
Hayden Homes Idaho, LLC | 38 |
Avimor | 32 |
Biltmore Company LLC | 28 |
Alturas Homes, LLC | 27 |
Hunter Homes, Inc. | 26 |
Others | 516 |
Total | 1262 |
| Builder | New Residential Permits |
|---|---|
Corey Barton Homes, Inc. | 119 |
Hayden Homes Idaho, LLC | 47 |
Hubble Homes, LLC | 13 |
Liberty Enterprises LLC | 6 |
Sunset Homes Inc. | 5 |
Cotner Building Company, LLC | 5 |
M R H Homes | 5 |
Riverwood Homes, Inc. | 5 |
Prominent Homes LLC | 4 |
Adair Homes, Inc. | 3 |
Others | 278 |
Total | 490 |
| Surveyor | Lots - Residential | Lots - Total |
|---|---|---|
Carl Porter | 140 | 153 |
Clinton W Hansen | 120 | 145 |
Gregory G Carter | 77 | 99 |
Michael S Byrns | 50 | 57 |
Joseph D Canning | 46 | 52 |
Robert L Kazarinoff | 46 | 52 |
Dean W Briggs | 21 | 25 |
Steven J Frisbie | 20 | 25 |
Travis P Foster | 15 | 18 |
Lawrence H Koerner | 12 | 14 |
Others | 4 | 6 |
Total | 551 | 646 |
| Surveyor | Lots - Residential | Lots - Total |
|---|---|---|
Gregory G Carter | 317 | 365 |
Cody McCammon | 99 | 104 |
Michael R Engebritson | 2 | 2 |
Nathan J Dang | 2 | 2 |
Thomas J Wellard | 2 | 2 |
Robert F O'Malley IV | 1 | 1 |
Michael S Byrns | 0 | 2 |
Others | 0 | 0 |
Total | 423 | 478 |
| Engineer Firm | Lots - Residential | Lots - Total |
|---|---|---|
Civil Innovations, PLLC | 132 | 149 |
J-U-B Engineers, Inc. | 96 | 109 |
Civil Site Works LLC | 76 | 83 |
Bailey Engineering, Inc. | 61 | 72 |
B & A Engineers, Inc. | 46 | 52 |
Briggs Engineering, Inc. | 21 | 25 |
T-O Engineers, Inc. | 20 | 25 |
CK Engineering, PC | 16 | 27 |
WHPacific, Inc. | 15 | 18 |
SITE Consulting, LLC | 12 | 14 |
Others | 56 | 72 |
Total | 551 | 646 |
| Engineer Firm | Lots - Residential | Lots - Total |
|---|---|---|
Bailey Engineering, Inc. | 218 | 253 |
RiveRidge Engineering Company | 99 | 104 |
Tomlinson & Associates, Inc. | 36 | 42 |
Engineering Solutions, LLP | 10 | 12 |
Keller Associates, Inc. | 2 | 2 |
T-O Engineers, Inc. | 1 | 1 |
J-U-B Engineers, Inc. | 0 | 2 |
Others | 57 | 62 |
Total | 423 | 478 |
| Surveyor Firm | Surveys |
|---|---|
Accurate Surveying & Mapping, P.C. | 24 |
Idaho Survey Group, LLC | 14 |
Fox Land Surveys, Inc. | 12 |
Tealey's Land Surveying | 9 |
KM Engineering, LLP | 6 |
Land Group, Inc. (The) | 6 |
Sawtooth Land Surveying, LLC | 5 |
Ada County Highway District | 4 |
Horrocks Engineers, Inc. | 4 |
Marks Land Surveying, Inc. | 4 |
Others | 22 |
Total | 110 |
| Surveyor Firm | Surveys |
|---|---|
Skinner Land Survey Co., Inc. | 25 |
Compass Land Surveying, PLLC | 14 |
Mason & Associates, Inc. | 10 |
Fox Land Surveys, Inc. | 8 |
Idaho Survey Group, LLC | 8 |
Sawtooth Land Surveying, LLC | 8 |
Tealey's Land Surveying | 8 |
Eagle Land Surveying, LLC. | 7 |
Timberline Surveying | 7 |
Accurate Surveying & Mapping, P.C. | 6 |
Others | 30 |
Total | 131 |
| Surveyor Firm | Surveys |
|---|---|
Ada County Highway District | 17 |
Idaho Survey Group, LLC | 12 |
J-U-B Engineers, Inc. | 8 |
T-O Engineers, Inc. | 6 |
Accurate Surveying & Mapping, P.C. | 5 |
KM Engineering, LLP | 3 |
Civil Survey Consultants, Inc. | 2 |
Fox Land Surveys, Inc. | 2 |
Land Group, Inc. (The) | 2 |
Sawtooth Land Surveying, LLC | 1 |
Others | 1 |
Total | 59 |
| Surveyor Firm | Surveys |
|---|---|
Skinner Land Survey Co., Inc. | 6 |
Stricker Surveying PLLC | 6 |
Fox Land Surveys, Inc. | 4 |
Idaho Survey Group, LLC | 4 |
KM Engineering, LLP | 4 |
Tealey's Land Surveying | 4 |
Compass Land Surveying, PLLC | 3 |
J-U-B Engineers, Inc. | 3 |
Sawtooth Land Surveying, LLC | 3 |
T-O Engineers, Inc. | 3 |
Others | 3 |
Total | 43 |
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