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Terry Winkle
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    Years of Experience: 7 years

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Prudential - Idaho Homes and Properties
1411 Falls Ave. East, Ste 215
Idaho Falls, ID
208-733-5336

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Posts Tagged ‘Twin Falls home building’

New Construction Stats for 2009 in Twin Falls

Monday, January 11th, 2010

I have had lots of inquires about how new construction has done this last year. I wanted to get you some stats for you to look at and decide what you think:

10 years ago there were 176 building permits pulled for New Construction Single Family Homes.

5 years ago there were 438 building permits pulled for New Construction Single Family Homes.

3 years ago there were 547 building permits pulled for New Construction Single Family Homes.

1 years ago there were 193 building permits pulled for New Construction Single Family Homes.

This year there were 190 building permits pulled for New Construction Single Family Homes.

Overall looking at completed numbers from 2009 we were:

-1.55% from 2008  
 
-25.19% from 2007  
 
-52.83% from 2006  
     
-17.62% 17.6% decrease from 2005; 24.9% increase over 2004  
51.60% 51.6% increase over 2004; 175.5% increase over 2001
9.5% increase over 2003
16.3% increase over 2002    

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Thursday, December 10th, 2009

Just want to make sure that this is clarified – Taxpayers who claim the First-Time Homebuyer Credit on their 2009 tax return will NOT be able to file electronically but instead will need to file a paper return.

 

A new version of Form 5405, First-Time Homebuyer Credit, will be available in the next few weeks.  A taxpayer who purchases a home after Nov. 6 must use this new version of the form to claim the credit. Likewise, taxpayers claiming the credit on their 2009 returns, no matter when the house was purchased, must also use the new version of Form 5405.

 

If you have any other questions, contact your accountant.

http://www.irs.gov/newsroom/article/0,,id=215791,00.html

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Posted in First Time Home Buyers | No Comments »

New Family Home Sales up!

Monday, November 30th, 2009

Wednesday, New single-family Home Sales were UP 6.2% in October to an annual rate of 430,000 units. New Home Sales are now UP 30.7% over their January low. The unsold supply of new homes dropped to 6.7 months as of October, with inventories at 239,000, 58.2% down from their mid-2006 peak and at their lowest level since mid-1971. The median price was down only 0.5% from a year ago and average price down just 4.7%. This is encouraging because this again is showing the the market is turning around

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Housing on the Rise

Tuesday, November 3rd, 2009

According to Bloomberg News, Courtney Schlisserman, housing has risen 0.5 percent in September compared to Agusut to an annual rate of 590,000.  Single family home construction, which account for 85 percent of the market, increased 3.9 percent to a 501,000 annual rate. Multi-family housing fell 15 percent to an 89,000 rate. Again, slow movement, but movement.

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Construction is still cooking!

Monday, November 2nd, 2009

Interesting to know…I had a comment from a buyer that they didn’t want to build becuase it doesnt seem that there has been any new construction going on in Twin Falls.  They must not get around much. Following are some stats that show construction is still happening in Twin Falls. It may be slow, but it is still taking place and will, in my opinion, start moving again soon.  It beats no constuction…

  • 67 Building permits requested for October 2009 in Twin Falls, of those 18 were new residential construction
  • 727 Building permits requested since January 2009 for Twin Falls, 156 of those were new construction. 
  • 14 new homes have been sold since October 1, 2009 in TwinFalls through Realtors
  • 85 new homes have been sold since January 2009 in Twin Falls through Realtors

I would say something is still going on. How about you? Ever wanted to build?

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Market Recap

  • Avg. Sales Price: 153671

  • Avg. Days on Market: 121

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