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Around Idaho: Economic Activity, April 2023

Information provided in these news updates is from professional sources, news releases, weekly and daily newspapers, television and other media.

Northern Idaho
North Central Idaho
Southwestern Idaho
South Central Idaho
Southeastern
Eastern Idaho

NORTHERN IDAHO Benewah, Bonner, Boundary, Kootenai & Shoshone counties

Region

Kootenai County

Construction of a new 18-story high rise condominium in downtown Coeur d’Alene is underway. Named the Thomas George Building, the building will be home to 60 luxury condominiums and offer views of Lake Coeur d’Alene. Source: Journal of Business

Openings:

Sam.Wolkenhauer@labor.idaho.gov, regional economist
Idaho Department of Labor
(208) 457-8789 ext. 4451

NORTH CENTRAL IDAHO – Clearwater, Idaho, Latah, Lewis and Nez Perce counties

Region

Top three industry super sectors by employment growth: 1) manufacturing +300 2) education/health +220 3) construction +140

Top three industry super sectors by establishment growth: 1) professional and business services +50 2) construction +40 3) education/health +30

Nez Perce

Idaho County

Latah County

Clearwater County

Lewis County

Openings

Closings

Lisa.Grigg@labor.idaho.gov, regional economist
Idaho Department of Labor
(208) 799-5000, ext. 3849

SOUTHWESTERN IDAHO – Ada, Adams, Boise, Canyon, Elmore, Gem, Owyhee, Payette, Valley & Washington counties

Region

Chart 1: Single-family housing permits

Rural counties are increasingly interested in developing varied types of housing to accommodate growth in different demographics. For example, Middleton, with a population of around 10,000, has passed new zoning regulations that allow for a variety of home types such as estate homes, townhomes over 50 subdivisions, regular single-family homes and multi-family homes. The different types of households and income levels needing housing – in turn – create a demand to integrate jobs, recreation and shopping into mixed use developments.

Chart 2: Multi-family housing permits

Rural counties are increasingly aware of the affordable housing needs to support workers with jobs in the community at restaurants, hotels, hospitals and retail, for example. Local government officials wrestle with the demands of land use for agriculture versus housing. Counties relying more on tourism face land use for second homes versus workforce housing.

The counties shown in Chart 3 responded to needs of less affluent or younger people by approving some multi-family housing during the period starting with the pandemic through the most recent release of the survey or February 2023. Permits for single family building were relatively robust in much of these rural counties compared with multi-family permits.

Chart 3: Rural counties building permits

March home sale reports from Intermountain Multiple Listing Service indicate sales declined in the urban areas of Ada and Canyon counties and only a handful of the rural counties in southwestern Idaho are experiencing an uptick. New houses are typically lingering on the market longer than existing homes. Adams County reported the longest days on market at 218. Owyhee was the only county that moved its handful of new homes faster than its existing inventory in March. The less-populated areas are more volatile. Inventories are still lower than pre-pandemic levels. However, more inventory is expected as schools wrap up the academic year and families are more likely to move.

Table 1: March home sales report for Ada County, March 2023

Canyon County

 Owyhee County

Openings

Closures

Ground breaking

Jan.Roeser@labor.idaho.gov, regional economist
Idaho Department of Labor
(208) 735-2500 ext. 3639

SOUTH CENTRAL IDAHO – Blaine, Camas, Cassia, Gooding, Jerome, Lincoln, Minidoka & Twin Falls counties

Blaine County

Minidoka County

Twin Falls County

Seth.Harrington@labor.idaho.gov, regional economist
Idaho Department of Labor
(208) 735-2500 ext. 3062

SOUTHEASTERN IDAHO – Bannock, Bear Lake, Bingham, Caribou, Franklin, Oneida & Power counties

Region News

Bannock County

Bear Lake County

Bingham County

Caribou County

Franklin County

Oneida County

Power County

Openings

Closures

Matthew.Paskash@labor.idaho.gov, regional economist
Idaho Department of Labor
(208) 236-6710 ext. 4249

EASTERN IDAHO – Bonneville, Butte, Clark, Custer, Fremont, Jefferson, Lemhi, Madison & Teton counties

Region

Region

Source: East Idaho News; Idahoednews.org

Bonneville County

 Custer County

Jefferson County

 Lemhi County

Madison County

 Teton County

Ryan.Whitesides@labor.idaho.gov, regional economist
Idaho Department of Labor
(208) 557-2500 ext. 3628


This Idaho Department of Labor project is 100% funded by USDOL as part of $695,785 in Workforce Information Grant funds from the Employment and Training Administration.

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