The average cost for a new home started in Idaho rose above year-previous prices in March.
According to numbers from Wells Fargo’s Idaho Construction Report, the valuation climbed from an average of $176,309 in March 2008 to an average of $200,207 in March 2009, a difference of 14 percent.
Meanwhile, the number of new home starts in Idaho climbed substantially between February and March 2009, but the number is still well below last year’s building level.
Contractors pulled permits for 222 new single-family homes in March of 2009, 74.8 percent more than they pulled in February but 50.1 percent fewer than they pulled the previous March.
Non-residential construction in March totaled $33.9 million, up 163 percent from February 2009, but down 54 percent from March 2008.
For the first time since October 2008, the valuation for alterations and repairs around the state climbed over year-previous totals, up 29.9 percent to $59 million.
Tuesday, May 5, 2009
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