LandPro recently released their fourth-quarter 2019 statistics, which gives us the perfect opportunity to share a by-the-numbers snapshot of the current market.
Number of new residential construction permits issued in the fourth quarter of 2019.
Number of new subdivision lots recorded during that time.
Deficit of vacant residential lots for the year across the Treasure Valley.
Percentage of lots in supply in January 2020 compared to January 2019.
New lots in the development pipeline that are ready to come online in the next 18 months.
The percentage of those estimated lots that are in Nampa, Boise, and Caldwell.
Number of building permits pulled for Ada County in 2019.
Number of building permits pulled for Canyon County in 2019.
Thanks to LandPro for allowing us to share these stats with our readers. If you have questions about what these numbers mean for you and your business, give your Fidelity National Title representative a call. We’re here to help you with strategies and tools to make the most of this competitive market.