Tag Archives: Bonang Seoela

An analysis of Idaho’s home prices

The following is an executive summary from an analysis of why Idaho’s home prices have risen faster than the rest of the nation. Read the full report online.

Many economists view the housing market as one of the crucial indicators of the overall health of an economy. When the economy is approaching a recession, the real estate market is usually among the first sectors to slow down and among the first to recover during a boom. If this assessment is accurate, Idaho’s housing market prices during the past three years will be critical for future economic forecasts. The average value of single-family homes in the state has increased by about 173% since the third quarter of 2011, compared with nearly 80% nationally. Continue reading →

Around Idaho: Economic Activity in June 2022

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

Bonner County

  • Schweitzer Mountain Resort has begun construction on resort improvements to create more efficient access to the mountain, including new roadways, 1,400 additional parking spaces and a new chairlift. This will be followed by future developments expanding the resort’s skiable terrain. Source: Bonner County Daily Bee

Kootenai County

  • The 50-acre Millworx location in Post Falls is now under development and will include a 60-unit mixed use building — with both multi-family residential units and commercial spaces — 61 townhomes, a hotel and several commercial buildings. The development, formerly home to the Idaho Veneer Mill, is slated for completion in 2023. Source: Coeur d’Alene Press
  • Construction has begun on the planned 18-story Thomas George building in Coeur d’Alene. The building will eventually include 60 luxury condominiums and retail spaces on the ground floor. It is scheduled for completion in March 2024. Source: Coeur d’Alene Press
  • The Kootenai Humane Society has begun construction on a new 20,000-square-foot shelter in Hayden. The new facility is expected to be completed by year-end. Source: Journal of Business

Openings

Coeur d’Alene

    • Toro Viejo & Barracho
    • ECJ Billiards
    • Bottle Joy Taphouse
    • Memory Lane Gems
    • Grace & Joy
    • Pearl and Tin

Region

    • Klein Chiropractic, Hayden
    • Advanced Personal Protection, Hayden
    • Paddler’s Alehouse, Sandpoint

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

Continue reading →

Around Idaho: Economic Activity in April 2022

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

Kootenai County

  • A new program designed to match senior homeowners with extra space with tenants is being launched in Kootenai County in response to the severe local housing shortage. The project, called HomeShare Kootenai County, aims to create additional rental inventory by leveraging seniors who have extra space or who maintain multiple residences and vacate their Idaho homes in the winter. Source: Journal of Business
  • The Idaho Department of Transportation is beginning work on the next phase of improvements to State Route 41, connecting Post Falls and Rathdrum. The highway improvements will facilitate the new commercial and residential development occurring on the prairie in north Post Falls. The state route improvements are scheduled to be completed this year. ITD plans to begin preparations for the replacement of the current interchange between the SR41 and I-90. Source: Journal of Business
  • After tourism recovered in 2021 and the area experienced a resurgent demand for lodging, Kootenai County now has two new hotels planned – one in Coeur d’Alene and one in Post Falls. A TownePlace Suites hotel by Marriott is under construction in Coeur d’Alene, which will include 89 rooms, while in Post Falls plans are in place for a 154-room hotel, though the brand has not yet been specified. Both hotels are expected to be finished this year. Source: Journal of Business

Openings – Coeur d’Alene

  • Reignite Health Northwest
  • Edgy Veggie Salad
  • Inspired Nail Spa
  • F45 Training
  • Rakes Mediation
  • Water World
  • Dixie & Co.
  • The Goat Lounge
  • Berkshire Hathaway HomeServices

Hayden

  • Hayden Furniture Depot

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

Continue reading →

Around Idaho: Economic Activity in March 2022

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

Kootenai County

  • Work is nearly complete on a new water tower in Hayden, which will store 2 million gallons of water. This will increase the city’s water pumping capacity 26 times over, not only meeting higher demand from the area’s rapid population growth, but also meeting the next 20 years of projected water demand growth. Source: Coeur d’Alene Press
  • Work is underway on a mixed-use development located on the former Idaho Veneer mill site in Post Falls. The new development will include more than 120 residential units in a mix of multifamily and townhomes, as well as a dual brand hotel. Source: Journal of Business

Openings
Coeur d’Alene

  • Anchored Coffee
  • Align Yoga Studio
  • Lakeside Integrative Headache Center
  • Runway Salon
  • CenterWell Home Health
  • Memory Lane Gems
  • Manna
  • Lakeside Lox
  • European Wax Center
  • Local Market at Atlas
  • Heirloom Bridal

Region

  • Metro Express Car Wash, Post Falls
  • Post Falls RV Campground, Post Falls
  • Heart of Hope Health, Hayden
  • Dollar General, Athol
  • Ultimate Concrete Coatings, Rathdrum

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

Continue reading →

Around Idaho: Economic Activity in February 2022

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

Kootenai County

  • The Regional Housing and Growth Issues Partnership completed a multi-month study on housing shortages in northern Idaho and is preparing to present its recommendations for local housing policy. The study, recently published on the organization’s website, concluded that a lack of affordable housing cost over $220 million in gross regional product by reducing the available workforce. Source: Coeur d’Alene Press

 Openings – Coeur d’Alene

  • Sportsman and Ski Haus
  • Garnet Café
  • Good N Baked
  • Lyfe Coffee
  • Schmidty’s Burgers
  • Aunt Stephanie’s Child Care
  • Soda Love

Openings – Hayden

  • Dairy Queen
  • Lone Mountain Farms & Brewery Taphouse


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

Continue reading →

Around Idaho: Economic Activity in January 2022

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

Kootenai County

  • A mixed-used development including more than120 residential units is being planned for the former site of the Idaho Veneer mill. The development will include a mixture of townhomes and multifamily units, in addition to plans for a hotel and commercial space. Source: Journal of Business
  • Developer Measom Holdings LLC is building a development of luxury townhomes in Coeur d’Alene. The project, named the Nest, will feature five high end townhomes on Lakeside Drive, valued at nearly $5 million. Source: Journal of Business
  • Kootenai Health has begun construction of a $37.3 million expansion to its heart center on the main hospital campus. The expansion will add additional operating rooms and bed space in addition to providing vacant space to accommodate future needs. The hospital is expanding capacity to respond to increased demand for procedures from the county’s growing population. Source: Journal of Business

 Openings – Coeur d’Alene

  • Crossfit CDA
  • Aunt Stephanie’s Child Care
  • Takara, a Japanese restaurant
  • Say Yes Bridal Boutique
  • Thunder Games
  • Lake Coeur d’Alene Inn
  • Inland Kava and Botanicals

Openings – Hayden

  • Kaffee Meister
  • Dairy Queen
  • T-Mobile


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

Continue reading →

Around Idaho: Economic Activity in November and December 2021

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

Regional

  • October’s unemployment rate reported 3,921 unemployed individuals in northern IdahoTable: Number of job postings in northern Idaho by county 2019, 2020, 2021 while the analytics company Burning Glass reported 2,110 online job postings. Although the number of potential job seekers exceeding job postings could be a sign that the labor shortage may be on the way to being resolved, that does not mean the job descriptions align with the qualifications and education of those seeking employment.
  • The region’s civilian labor force grew by 4.4% from pre-pandemic levels and includes those working and those seeking work. A percentage of those migrating to Idaho are bringing their remote jobs with them and potentially a larger paycheck than the same job pays in Idaho. This is good news to those Idaho businesses depending on local consumers, but also can fuel the affordable housing woes. Source: Burning Glass and Idaho Department of Labor

Bonner County

  • Schweitzer opened its ski hill to pass holders with limited runs open the day after Thanksgiving. Source: KHQ

Boundary County

  • The Kootenai tribe announced it will develop a travel center with an 8,660-square-foot convenience store, gas and diesel fuel stations, truck parking and a Sonic restaurant along U.S. Highway 95. Construction will begin in spring 2022. Source: Coeur d’Alene Press

Kootenai County

  • Crisis Standards of Care were ended in the Panhandle Health District after being in effect since early September. The deactivation of crisis standards will allow hospitals around northern Idaho to resume scheduling surgeries and other procedures which were previously postponed to maximize space and staff available for COVID-19 patients. Source: Coeur d’Alene Press
  • Construction is underway on the Ross Point recreation area on the Spokane River. Work, which is expected to be completed in June, will include the construction of docks, parking, pedestrian areas and recreational facilities, and it will greatly increase general access to the Spokane River shoreline. Source: Coeur d’Alene Press
  • The Post Falls Wal-Mart closed its doors for two days to conduct deep cleaning and maintenance. Source: Coeur d’Alene Press

Shoshone County

  • City Limits Brew Pub in Wallace is October’s Idaho Small Business of the Month. U.S. Sen. James Risch highlighted the quality of service, food and beer at City Limits in his announcement. The company also operates an RV park adjacent to the brewpub. Source: Shoshone News Press
  • Silver Mountain opened its bunny and tubing hills the day after Thanksgiving. Source: Facebook page and Coeur d’Alene Press

Openings – Coeur d’Alene

  • Local Market at Atlas
  • Northwest Artists
  • Thermography Northwest
  • Breaking Bread Bistro
  • Black Sheep Sporting Goods
  • Black Lodge Brewing
  • HeatPraxia
  • Faithful K9 Training
  • Linden Coffee
  • Best Life Coeur d’Alene
  • Lavender Sun
  • Malvagio’s Eatery
  • Sherman Waffle House
  • Allergy Free Air
  • Roasted Coffee Co.
  • Golf Island

Openings – Region

  • Golden Glo Coffee, Rathdrum
  • Valley Roots, Post Falls
  • Prairie Xpress, Hayden

Other Openings

  • Allergy Free Air opened a new office in downtown Coeur d’Alene. The company says it filters out all allergens and pollution of a home through a gallon of water to provide a healthier lifestyle. Source: Coeur d’Alene Press
  • Roasted Coffee Co. opened an espresso, ice cream and bakery shop in Coeur d’Alene. This is the second location, originating in Post Falls. Source: Coeur d’Alene Press
  • HeatPraxia Saunas is opening in Coeur d’Alene. Source: Coeur d’Alene Press

Closings

  • Locked & Loaded Storage of Post Falls is closing after 15 years due to annexation requirements by the city of Post Falls and Kootenai County. Source: Coeur d’Alene Press
  • US Bank announced it will shut down its Wallace location, and most employees will be laid off. It is the only bank in the city. Residents are rallying to dissuade US Bank from closing and/or find a replacement institution. The bank building is centrally located, has the only ATM and has residential living space on its upper floors. Source: Shoshone News Press

Jan.Roeser@labor.idaho.gov, regional economist
(208) 332-3570 ext. 3639 and
Sam.Wolkenhauer@labor.idaho.gov, regional economist
(208) 457-8789 ext. 4451

Continue reading →

Idaho’s Center of Population Continues Westward Shift

Once a decade, the U.S. Census Bureau releases estimates of the U.S. center of population, a common practice since 1790. The bureau defines the center of population as a balance point — the point at where an imaginary, flat, weightless and rigid map of that area would balance perfectly if each person was assigned the same specific weight.

The center of population is one of several measures that are useful for visualizing changes in population over time. The location and distance of the center of the population, relative to some point such as the geographic center or previous center of the population, indicate the aggregate magnitude and direction of the population growth. Continue reading →

Around Idaho: Economic Activity in October 2021

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

Shoshone County

  • The state of Idaho has taken ownership of the Central Treatment Plant in Kellogg under the direction of the Idaho Department of Environmental Quality (DEQ). The plant has been responsible for cleaning up mine pollution in the Coeur d’Alene Basin since it began operations 50 years ago. Under new ownership, the plant is expected to overcome the facility’s former water capacity restrictions and lower the amount of heavy metals from the nearby mine before it flows into the South Fork of the Coeur d’Alene River. Source: Shoshone News-Press

Kootenai County

  • Lanzce G. Douglass Inc. has started work on a $73.3 million housing project in the Spokane-Coeur d’Alene area. The River’s Edge Apartments in Coeur d’Alene will account for $45.2 million of the total project. With 12 apartment buildings and 384 residential units, River’s Edge will be one of the largest multifamily complexes in the region. The apartments will be located in the Atlas District, part of Coeur d’Alene’s urban renewal district along the north side of the Spokane River, in west Coeur d’Alene. Source: Spokane Journal of Business

Bonner County

  • The Priest Lake wetland is set to be subdivided for land development and housing construction. Local residents have expressed concerns about the permanent loss of several ecosystem functions and their benefits to humans such as flood control, water filtration and aquifer recharge. Source: Spokesman-Review

Business updates

  • Amazon Air has launched daily flights from a 30,750-square-foot cargo facility at the Spokane Airport. The $5.4 million facility will transport packages from the airport to the Amazon Fulfillment Center, located a few miles southwest of the new Amazon Air station at 10010 W. Geiger Blvd. Source: Spokane Journal of Business
  • Corwin Automotive Group purchased Gus Johnson Ford in Spokane Valley and plans to work with Mike White Ford of Coeur d’Alene to grow its presence in the area. Corwin Auto is based in North Dakota. Source: The Spokesman-Review

Rajshri Suresh@labor.idaho.gov, regional economist
Idaho Department of Labor
(208) 332-3570 ext. 3201

Continue reading →

Around Idaho: Economic Activity in April 2021

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

Kootenai County

  • Work is now underway on a major Idaho Department of Transportation improvement project on State Route 41 between Post Falls and Rathdrum. The work includes widening the highway with additional lanes in both directions as well as new traffic lights and improved railroad crossings. The $131 million project is scheduled for completion in 2022. Source: Journal of Business
  • Coeur d’Alene Schools suspended its mask requirement for staff and students and replaced it with a mask recommendation. Mandatory masks for students have been a continued source of consternation for Coeur d’Alene parents. Source: CDA Press

Openings:

Coeur d’Alene

  • Chalice Brewing
  • Life is Good
  • ReMax Centennial
  • Lake City Vape
  • One Lakeside Hotel
  • Wallaroo’s
  • Affordable Bridal and Tuxedo
  • Prock’s Paint Bucket
  • Coeur d’Alene Wigs

Post Falls

  • The Coffee Market
  • Flippens Secured Self Storage
  • Washboard Laundromat

Spirit Lake

  • Retrofit Athletics

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

Continue reading →