Newsletter | 2019 Q1
2019 Q1 Residential Statistics
Submitted Final Plat Lots* | Recorded Subdivision Lots | New Residential Construction Permits | Recorded Surveys | Vacant Lots | ||
---|---|---|---|---|---|---|
ID | Ada | 1877 | 551 | 1895 | 110 | 5111 |
ID | Canyon | 372 | 323 | 490 | 131 | 2129 |
* Submitted Lots data may be delayed depending on each agency's reporting process.
Lots Supply Reduced Again
With 2,385 new residential construction permits issued versus 874 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 1,511 residential lots since January 1st. At this point, any new construction activity is following directly on the heels of the development process.
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 (source)
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.
2019 Q1 Residential Lots
Submitted vs. Recorded vs. Permits
* Submitted Lots data may be delayed depending on each agency's reporting process.
2019 Q1 Statistics
Top Builders
Ada
Builder - New Residential | Permits |
---|---|
Corey Barton Homes, Inc. | 366 |
Blackrock Homes LLC | 65 |
Toll Bros., Inc. | 61 |
Brighton Homes | 61 |
Venta Homes Inc. | 45 |
Boise Basin Electric, LLC | 44 |
Hunter Homes, Inc. | 40 |
Powerhouse Electric, Inc. | 40 |
Ultimate Heating & Air, Inc. | 37 |
Hayden Homes Idaho, LLC | 36 |
Others | 1100 |
Total | 1895 |
Canyon
Builder - New Residential | Permits |
---|---|
Corey Barton Homes, Inc. | 119 |
Hayden Homes Idaho, LLC | 42 |
Hubble Homes, LLC | 13 |
Liberty Enterprises LLC | 6 |
Simplicity Homes Idaho | 5 |
Riverwood Homes, Inc. | 5 |
Sunset Homes Inc. | 5 |
Cotner Building Company, LLC | 5 |
M R H Homes | 5 |
Prominent Homes LLC | 4 |
Others | 281 |
Total | 490 |
Top Surveyor Firms
Ada
Surveyor Firm | Lots (Residential) | Lots (Total) |
---|---|---|
Sawtooth Land Surveying, LLC | 140 | 153 |
Land Solutions, Land Surveying and Consulting, PC | 120 | 145 |
J-U-B Engineers, Inc. | 96 | 109 |
Idaho Survey Group, LLC | 79 | 101 |
B & A Engineers, Inc. | 46 | 52 |
Briggs Engineering, Inc. | 21 | 25 |
T-O Engineers, Inc. | 20 | 25 |
NV5 (formerly WHPACIFIC, INC.) | 15 | 18 |
Compass Land Surveying, PLLC | 12 | 14 |
Al's Pin Pounders, LLC | 2 | 2 |
Others | 0 | 2 |
Total | 551 | 646 |
Canyon
Surveyor Firm | Lots (Residential) | Lots (Total) |
---|---|---|
Idaho Survey Group, LLC | 406 | 457 |
J-U-B Engineers, Inc. | 10 | 14 |
Skinner Land Survey Co., Inc. | 2 | 2 |
Engebritson Land Survey, Inc. | 2 | 2 |
Accurate Surveying & Mapping, P.C. | 2 | 2 |
Others | 0 | 0 |
Total | 422 | 477 |
Top Engineer Firms
Ada
Engineer Firm | Lots (Residential) | Lots (Total) |
---|---|---|
J-U-B Engineers, Inc. | 148 | 175 |
Civil Innovations, PLLC | 132 | 149 |
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 |
NV5 (formerly WHPACIFIC, INC.) | 15 | 18 |
SITE Consulting, LLC | 12 | 14 |
Others | 4 | 6 |
Total | 551 | 646 |
Canyon
Engineer Firm | Lots (Residential) | Lots (Total) |
---|---|---|
Bailey Engineering, Inc. | 218 | 253 |
RiveRidge Engineering Company | 99 | 104 |
CK Engineering, PC | 47 | 50 |
Tomlinson & Associates, Inc. | 36 | 42 |
Engineering Solutions, LLP | 10 | 12 |
Aspen Engineers | 6 | 8 |
Keller Associates, Inc. | 2 | 2 |
J-U-B Engineers, Inc. | 0 | 2 |
Others | 4 | 4 |
Total | 422 | 477 |
Record Of Survey
Ada
Surveyor | Surveys |
---|---|
Nathan J Dang | 18 |
Patrick A Tealey | 9 |
Cody M McCammon | 8 |
Kerry R Albright | 6 |
Gregory G Carter | 6 |
Timothy J Fox | 5 |
Brandon Scott Johnson | 4 |
Aaron P Rush | 4 |
Fritz Brownell | 4 |
Colleen Marks | 4 |
Others | 42 |
Total | 110 |
Canyon
Surveyor | Surveys |
---|---|
Thomas J Wellard | 25 |
Darin A Holzhey | 10 |
Kenneth H Cook | 9 |
Richard A Gray | 8 |
Patrick A Tealey | 8 |
Jeremiah B Fielding | 7 |
Gregory G Carter | 7 |
Lawrence H Koerner | 6 |
Timothy J Fox | 6 |
Kevin M Borah | 6 |
Others | 39 |
Total | 131 |
CPF
Ada
Surveyor Firm | CPFs |
---|---|
Ada County Highway District | 16 |
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 |
Idaho Power Company | 1 |
Others | 2 |
Total | 59 |
Canyon
Surveyor Firm | CPFs |
---|---|
Stricker Surveying PLLC | 6 |
Skinner Land Survey Co., Inc. | 5 |
Fox Land Surveys, Inc. | 4 |
Idaho Survey Group, LLC | 4 |
KM Engineering, LLP | 4 |
T-O Engineers, Inc. | 4 |
Tealey's Land Surveying | 4 |
Compass Land Surveying, PLLC | 3 |
J-U-B Engineers, Inc. | 3 |
Sawtooth Land Surveying, LLC | 3 |
Others | 3 |
Total | 43 |
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