Subdivision Development
In Boise
March 2023
Demand for new homes in Boise grew at the tail end of 2022 and building permits declined as we’ve seen throughout the Treasure Valley. With 171 newly recorded residential lots in January, will Boise’s vacant lot inventory continue to grow and will there be a rise in permits in the coming months, or will builders continue to hold back? Entitlement lots dropped due to diminished demand for new land and the inventory of approved preliminary plat lots grew as construction slowed down.
January 2022 - January 2023 Total | |
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Lots Recorded | 361 |
Building Permits | 377 |
New Home Transfers | 1262 |
State of Development in Boise January 2022 to January 2023
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Lots Recorded | 0 | 44 | 1 | 32 | 22 | 0 | 55 | 2 | 22 | 0 | 12 | 0 | 171 |
Building Permits | 21 | 45 | 20 | 36 | 35 | 37 | 36 | 59 | 36 | 15 | 17 | 14 | 6 |
New Home Transfers | 103 | 120 | 114 | 92 | 93 | 104 | 97 | 95 | 97 | 93 | 72 | 87 | 95 |
Inventory of Lots in Boise January 2022 to January 2023
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Entitlement | 164 | 172 | 230 | 212 | 191 | 213 | 232 | 225 | 222 | 227 | 122 | 138 | 84 |
Approved | 1423 | 1386 | 1411 | 1459 | 1364 | 1400 | 1400 | 1384 | 1387 | 1387 | 1469 | 1434 | 1474 |
Final | 724 | 678 | 675 | 660 | 684 | 695 | 642 | 662 | 649 | 651 | 639 | 527 | 527 |
Vacant Lots | 1565 | 1586 | 1587 | 1606 | 1610 | 1623 | 1642 | 1585 | 1571 | 1508 | 1525 | 1511 | 1565 |
* Boise’s development data may be delayed based on their reporting process.
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