Development Summary
by Top Builders & Developers
January 2023
How are Top Builders & Developers responding to the current market?
No matter what you think about the direction of the Treasure Valley housing market, check out landproDATA to see how land development professionals are reacting to the current conditions. This report shows developer’s inventory of new residential lots by project phase, buildable vacant lots with permits by builder, and each builder’s inventory of vacant lots that are awaiting a building permit.
Take a look at landproDATA’s Newsletters, Analysis Reports and Cities & County pages for more trends and statistics in your area.
Lots in Development Process by Top Developer in Treasure Valley as of 12/31/2022
| Trilogy Dev. |
Providence Prop. |
Challenger Dev. |
M3 Companies |
Toll Southwest |
Hunter Homes |
DB Development |
Hayden Homes |
Hubble Homes |
Sterling Land Dev. |
Others | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Entitlement | 1353 | 593 | 575 | 1428 | 132 | 0 | 0 | 0 | 619 | 0 | 8560 | 13260 |
| Approved | 3954 | 503 | 605 | 860 | 1132 | 1249 | 760 | 768 | 169 | 578 | 13390 | 23968 |
| Final | 1606 | 564 | 197 | 43 | 1002 | 35 | 259 | 186 | 85 | 135 | 6056 | 10168 |
Inventory of approved preliminary plat lots in Ada and Canyon counties both increased by approximately 2000 lots since Q3 2022. Trilogy Development, M3 Companies and Hunter Homes hold over 25% of the approved lot inventory.
Lots in Development Process By Developer in Ada County as of 12/31/2022
| Trilogy Dev. |
Challenger Dev. |
Hunter Homes |
DB Development |
Providence Prop. |
Hubble Homes |
M3 Companies |
Toll Southwest |
Coleman Comm. |
Thistle Farm |
Others | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Entitlement | 247 | 575 | 0 | 0 | 157 | 619 | 490 | 132 | 620 | 615 | 3732 | 7187 |
| Approved | 1302 | 605 | 1249 | 760 | 341 | 98 | 860 | 486 | 0 | 0 | 9187 | 14888 |
| Final | 924 | 157 | 123 | 259 | 353 | 27 | 43 | 764 | 0 | 0 | 4046 | 6696 |
The majority of approved preliminary plat lots awaiting a final plat are held by Trilogy, Hunter Homes, DB Development and M3 Companies in Ada County but entitlement lot inventory is more evenly distributed among 8 of the 10 top developers in Ada County.
Lots in Development Process By Developer in Canyon County as of 12/31/2022
| Trilogy Dev. |
Hayden Homes |
Providence Prop. |
M3 Companies |
Toll Southwest |
Todd Campbell |
Roosevelt Star |
Franklin Village |
Providence Prop. |
IAG Middleton 109 |
Others | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Entitlement | 1106 | 0 | 436 | 938 | 0 | 422 | 400 | 0 | 0 | 288 | 2483 | 6073 |
| Approved | 2652 | 643 | 162 | 0 | 646 | 0 | 0 | 216 | 322 | 0 | 4439 | 9080 |
| Final | 682 | 186 | 211 | 0 | 238 | 0 | 0 | 118 | 0 | 0 | 2037 | 3472 |
Canyon County developers have slightly fewer lots in the entitlement phase than Ada County with one third of the total held by Trilogy Development and M3 Companies. Canyon County’s approved and final lot inventories have both increased since Q3 while entitlement lots have shown a significant decrease since Q3 2022.
Vacant Lots No Permit By Builder in the Treasure Valley as of 12/31/2022
| Corey Barton |
Toll Southwest |
Richmond American |
Brighton Studio |
Blackrock | Biltmore Company |
SH ACQ2020 |
Lennar Homes |
DB Development |
Venta Homes |
Others | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Vacant Lots - No Permit | 2075 | 870 | 228 | 291 | 142 | 120 | 110 | 97 | 86 | 86 | 5432 | 9537 |
There are 9537 vacant lots in the Treasure Valley awaiting permits. Our data shows a slowdown in all phases of residential development from submittals to building permits issued. We might see little movement in the development process in Q1 2023 as land development professionals are holding back and hoping the market rebounds from the current slowdown.
Vacant Lots Permit Issued By Builder in the Treasure Valley as of 12/31/2022
| AMH Development |
Barton Homes |
SHALC GC |
Hubble Homes |
Hayden Homes |
Toll Southwest |
Brighton Studio |
Blackrock Homes |
Venta Homes |
Tresidio Homes |
Others | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Vacant Lots - Permit Issued | 132 | 194 | 116 | 112 | 66 | 65 | 54 | 54 | 49 | 40 | 801 | 1683 |
There are 550 fewer vacant lots with permits than we saw in Q3 2022 indicating a slight slowdown in building. The top builders shown here hold over half of the inventory of these lots- lots with building permits that may be under construction or may be completed, but not sold or noted as having bedrooms by the assessor.
Vacant Lots By Top Builder in the Treasure Valley as of 12/31/2022
| Corey Barton |
Toll Southwest |
Brighton Studio |
Richmond American |
Hayden Homes |
Blackrock | Biltmore | SH ACQ2020 |
Lennar Homes |
Venta Homes |
Others | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| No Permit | 2075 | 870 | 291 | 228 | 161 | 146 | 120 | 110 | 97 | 86 | 5353 | 9537 |
| Permit Issued | 194 | 65 | 54 | 8 | 66 | 54 | 18 | 0 | 15 | 49 | 1160 | 1683 |
It’s no surprise who has the most inventory of vacant lots awaiting permits in the Treasure Valley. These are the total number of lots in platted subdivisions that don’t yet have a building permit pulled.
Need a more in-depth explanation of our map and its tools? Schedule a
demo today! Contact us or call (208) 939-1956.
landproDATA, Inc.
1119 E State St., Suite 210
Eagle, Idaho 83616