As an area’s population grows, so does the demand for housing, which means rising prices and growing incentive for developers to build.
At that point housing developers face a choice of what type of housing to build. Single family units? Multi-unit structures? This decision can be based on several factors — from household preferences and incomes, geographic constraints, as well as government policies such as taxes, subsidies and regulations.
Publicly available data on authorized permits for new privately owned housing units helps to visualize this decision, mainly by organizing permits into size classes (single-unit vs. multi-unit structures) and average permit valuation per unit.
Developers in Idaho, like the nation overall, are biased towards building higher-valued, single-unit structures, though lower-valued, multi-unit structures have been growing in share.
A report delving more deeply into the topic, ” The composition of new private housing permits authorized in Idaho” can be found on the Idaho Department of Labor website.
This Idaho Department of Labor report is 100% funded by USDOL as part of an Employment and Training Administration award totaling $1,039,383.