The volatility and sharp declines of the Great Recession have given way to a period of steady improvement, according to economic forecasts from the Idaho Division of Financial Management. Housing and construction, key drivers of economic growth in Idaho, blew up in the 1990s and early 2000s before taking a dive in the late 2000s. But as Idaho’s population grows, economists expect steady demand for new single-family homes and a slight increase in demand for new apartments and other multifamily dwellings. Several large multi-unit construction projects are underway or slated to break ground soon in Boise.
Data for 2015 and beyond are projections.