Subdivision Development
In Meridian
February 2023

Entitlement lots in Meridian have plunged with the recent slowdown in land development but Meridian continued to approve the preliminary plats that were in the pipeline. Inventory of vacant lots continued to climb as newly issued building permits fell. Final plat lots dropped off slowly and the number of newly recorded subdivision lots remained steady despite seasonal ups and downs. Meridian, however, did show a steep decline in new home transfers whereas, earlier we reported Nampa’s new home sales only slightly declined.