DATUM Newsletter - 2019 Q3


2019 Q3 Residential Statistics

Submitted
Final Plat
Lots*
Recorded
Subdivision
Lots
Building
Permits
Recorded
Surveys
Vacant
Lots
IDAda1524109612361164618
IDCanyon6253856391031565

* Submitted Lots data may be delayed depending on each agency's reporting process.

Canyon County Construction Continues

With 1,875 new residential construction permits issued versus 1,481 new subdivision lots recorded, 2019 Q3 delivered another deficit of -394 residential lots. As a result, the outstanding vacant lots supply dwindled further still to just under 6,200 residential lots in the Treasure Valley. Contrast this with four years ago, when there were nearly 9,000 oustanding vacant lots and construction was only 60% of current activity levels. It is also noteworthy that focus shifted toward building in Canyon county, where 2019 Q3 permits increased 47% over 2018 Q3, whereas Ada permits only increased 2.7% year-over-year.

Treasure Valley Residential Construction by Quarter
Submitted Plat Lots*, Recorded Lots, Permits, & MLS Sales**

* 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)

In 2017 and 2018, building permits activity during the 4th quarter exceeded permits issued during their previous 3rd quarter. This two-year phenomenon deviates from the historical trend, when Q4 typically marks a slower season of new construction starts. Yet under current market conditions, the ever-reducing vacant lots supply must surely exhibit an impact on output in the mid-term future. As such, between winter temperatures and the short supply of bare ground, it seems likely that Q4 will return to the historic trend and see fewer permits than this quarter's 1,875 residential new construction applications.

With these supply/demand forces in play, investment into multi-family projects is surging. Numerous projects kicked off during the 3rd quarter, with permits to start construction on 250+ units at The Linder Projects in Eagle, 131 units for Heron's Edge Community in Eagle, 35-acres of 10-plexes at The Villages in Nampa, the 26-unit Valor Pointe Apartments in Boise, and a multi-million dollar Quail Point Apartments development in Nampa, not to mention approvals for a dozen duplexes issued between July and September. As we have forecast in previous analyses, the efforts to accommodate a growing population against the backdrop of limited lots is set to deliver more apartments and high density housing in the coming years.

Likewise, surrounding counties such as Gem and Twin Falls are likely to receive increased attention from developers and homebuyers. Fortunately for our users, landproDATA has endeavored to provide coverage of critical Plats and Survey documents in both of these counties, and we are poised to expand throughout other active counties in Idaho with increased data access during the next twelve months.

2019 Q3 Residential Lots
Submitted vs. Recorded vs. Permits

* Submitted Lots data may be delayed depending on each agency's reporting process.


2019 Q3 Statistics

Top Builders

Ada
BuilderNew Residential Permits

Corey Barton Homes, Inc.

215

Toll Bros., Inc.

120

Blackrock Homes LLC

69

Brighton Homes

66

Hubble Homes, LLC

58

Hunter Homes, Inc.

49

Hayden Homes Idaho, LLC

38

Hallmark Homes

30

Tresidio Corporation

28

Avimor

27

Others

536

Total

1236

Canyon
BuilderNew Residential Permits

Corey Barton Homes, Inc.

137

Hubble Homes, LLC

119

Hayden Homes Idaho, LLC

43

Toll Bros., Inc.

40

Perryman Construction Management Inc.

16

Hathaway Homes, LLC

14

Second Chance Construction, LLC

12

Todd Campbell Construction, Inc.

12

M R H Homes

11

10

Others

225

Total

639


Top Surveyors

Ada
SurveyorLots - ResidentialLots - Total

Aaron L Ballard

283

322

Carl Porter

176

191

Gregory G Carter

159

174

Clinton W Hansen

122

142

Kelly S Kehrer

77

95

Michael S Byrns

68

73

Peter W Lounsbury

50

56

Cody McCammon

47

47

Joseph D Canning

45

56

Travis P Foster

27

31

Others

42

48

Total

1096

1235

Canyon
SurveyorLots - ResidentialLots - Total

Aaron L Ballard

109

130

Gregory G Carter

55

63

Kelly S Kehrer

51

58

Thomas R Ruby

45

49

Nathan J Dang

37

39

Robert L Kazarinoff

26

27

Lawrence H Koerner

23

25

Richard A Gray

21

22

Thomas J Wellard

6

6

Kenneth H Cook

6

7

Others

6

12

Total

385

438


Top Engineer Firms

Ada
Engineer FirmLots - ResidentialLots - Total

KM Engineering, LLP

338

393

Civil Site Works LLC

176

191

Bailey Engineering, Inc.

108

116

CK Engineering, PC

83

95

WHPacific, Inc.

77

87

J-U-B Engineers, Inc.

68

73

Engineering Solutions, LLP

51

59

RiveRidge Engineering Company

47

47

B & A Engineers, Inc.

45

56

Erickson-Civil, Inc.

39

45

Others

64

73

Total

1096

1235

Canyon
Engineer FirmLots - ResidentialLots - Total

KM Engineering, LLP

160

188

J-U-B Engineers, Inc.

71

76

CK Engineering, PC

52

59

Rock Solid Civil LLC

50

53

Sage Engineering, Inc.

37

39

HECO Engineers

6

7

Leavitt & Associates Engineers, Inc.

3

4

Mason & Associates, Inc.

0

6

Others

6

6

Total

385

438


Record Of Survey

Ada
Surveyor FirmSurveys

Accurate Surveying & Mapping, P.C.

18

Tealey's Land Surveying

11

Sawtooth Land Surveying, LLC

10

Idaho Survey Group, LLC

9

Ada County Highway District

7

Fox Land Surveys, Inc.

7

KM Engineering, LLP

5

Marks Land Surveying, Inc.

5

Engebritson Land Survey, Inc.

4

LR Geomatics PLLC

4

Others

36

Total

116

Canyon
Surveyor FirmSurveys

Skinner Land Survey Co., Inc.

22

Mason & Associates, Inc.

14

Timberline Surveying

10

Sawtooth Land Surveying, LLC

7

David Evans and Associates, Inc.

6

Precision Land Surveyors, P.C.

6

T-O Engineers, Inc.

6

Accurate Surveying & Mapping, P.C.

4

Compass Land Surveying, PLLC

3

Eagle Land Surveying, LLC.

3

Others

22

Total

103


CPF

Ada
Surveyor FirmSurveys

Sawtooth Land Surveying, LLC

15

J-U-B Engineers, Inc.

3

Quadrant Consulting, Inc.

3

Accurate Surveying & Mapping, P.C.

2

Fox Land Surveys, Inc.

2

Land Group, Inc. (The)

2

T-O Engineers, Inc.

2

B & A Engineers, Inc.

1

KM Engineering, LLP

1

Others

0

Total

31

Canyon
Surveyor FirmSurveys

T-O Engineers, Inc.

23

J-U-B Engineers, Inc.

8

Sawtooth Land Surveying, LLC

4

Skinner Land Survey Co., Inc.

4

David Evans and Associates, Inc.

3

B & A Engineers, Inc.

2

Eagle Land Surveying, LLC.

2

Wellington Land Surveying, P.C.

2

Accurate Surveying & Mapping, P.C.

1

Timberline Surveying PLLC

1

Others

0

Total

50


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