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State Associations and Agencies
Stay informed directly by the source. On both the national and state levels, our Associations & Agencies section is the place to find the latest news and information impacting the housing industry. Press Releases and Notifications are posted as they are released by industry associations and regulatory agencies.
Check back often. This comprehensive directory of Professional Associations and Regulatory Agencies is state specific and will provide the information you need. For direct access to these organizations just click any of the links above.
The National Associations page covers Professional Associations and Regulatory Agencies links in addition to the latest press coverage from respected sources including NCSHA, MBA, NAR, NAMB, Fannie Mae, FHA and many more.
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| Boise sees slight job increase resulting in slow home sales |
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Metrostudy Report - Boise, ID– November 1, 2011 - The Boise housing market shows effect of tax credit comparing year over year, but likely it is set to improve, according to a recent report by Metrostudy, a national housing data and consulting firm that maintains the most extensive primary database on residential construction in the US housing market. According to the most recent numbers release by BLS, the Boise MSA has experienced an increase of 4,000 new jobs created over the past 12 months, which is an annual growth rate of approximately 1.6%. The unemployment rate for the Boise MSA took a slight jump in June, however has decreased slightly for the past 2 months, and currently sits at 9.0%. During the 3rd quarter, builders started 472 new homes, which is an increase of 41% compared to 3Q10, and 2% above last quarter (2Q11). Annual new home starts in the market for attached and detached homes have totaled 1,305, which is a decrease of 23% when compared to the annual pace last year, however is an 11% increase compared to the pace last quarter. “This increase is very likely due to the tight supply of quality new and used homes available in the market,” said Eric Allen, director of Metrostudy’s Idaho/Utah Region. Market share for new homes in the Treasure Valley market has traditionally been highest under $200,000. “However, with the lack of available inventory for homes in the higher price segments, production is increasing in all segments above $200,000,” said Allen. As of 3Q11, there are a total of 1,043 new homes, both attached and detached in the Treasure Valley market, which is down 3% compared to 3Q10, however increased 4% from last quarter, or 38 homes. At the current pace of absorption, this translates to a 9.4 month supple. The number of single family finished vacant homes has decreased 2% compared to last year to 452; however the supply has increased from 2.8 to 4.5 months. “At this time last year, the market was benefiting from the surge of the tax credit, therefore new home closings were much higher than today, thus resulting in an increase in the supply of homes,” said Allen. “Consumer confidence continues to be a major factor in the recovery of this recession, and therefore resulting in slow home sales. The improvement of jobs is slowly stimulating the economy, however may take some time for the consumer to be fully engaged in the home buying mode,” said Allen. For information contact: |
