top story Home construction and prices are bouncing back Apr 26, 2013 (…) Houses under construction off South Eagle Road in Meridian. New residential permits doubled from 2011 to 2012, and the price for existing homes rose by about 25 percent from March 2012 to March 2013. Adam Eschbach/IPT Houses under construction off South Eagle Road in Meridian. New residential permits doubled from 2011 to 2012, and the price for existing homes rose by about 25 percent from March 2012 to March 2013. Adam Eschbach/IPT Home builders in the Valley are busier than they’ve been in years. Just look at permit levels: New residential permits issued in Meridian doubled from 2011 to 2012. “Developers are now back in the game,” BuildIdaho.com founder Trey Langford said. “Two years ago in Ada County there were 90 builders in the marketplace, and today there’s over 200.” That’s still nowhere near the peak of 770 builders before the market crash, but it’s an improvement. × Advertisement A big reason for the uptick in new construction is in-migration, he said, largely from California, Washington and Oregon. Meridian gained 1,800 new residents in 2012, according to the city’s annual report. People move here for the lifestyle — outdoorsy, family-oriented and affordable — and to follow family members, Langford said. “‘We’re here to be with our grandchildren’ is really the big one,” he said. “The most people that I talk to who buy new homes are retired or semiretired.” But first-time homebuyers are also looking to buy a house before interest rates and prices go up, Icon Credit Union loan originator Kim Hansen said. Rates are still at all-time lows, but home prices are bouncing back up. From March 2012 to March 2013, both new and resale home prices in Ada County rose by an average of about 25 percent. Low inventories are part of what’s driving prices and new home construction up. House hunters who want something under $200,000 may become frustrated by the bidding wars and lack of options, Hansen said. “Some people are building because that’s what’s available, there’s just nothing that fits their needs in the other direction,” she said. City learns from the past, looks forward After a period of rapid population growth, the recession allowed the city to take a step back, update building codes and prepare for the future. “We were able to catch our breath and assess, ‘OK, what just happened and how do we want to build on that?’ ” Meridian Planning Department Planning Manager Caleb Hood said. “We were reactive to a lot of those projects (during the peak) because there were so many of them.” City officials continually update the future land use map to make sure the infrastructure is in place for new development. “The future land use map ... is the guide for how each property should develop,” Hood said. “It’s not cast in stone, ... but that is our take at making it diverse and providing all those services for a robust community into the future.” What you’re saying online Q: Did you move to Meridian within the past 10 years? If so, why? “Came from California for a much better place to raise the kids. Have never regretted the move.” - Jean Marion “We moved from Boise to be closer to family. We love our location — close to everything!” - Debbie Heist Lambert “...You can’t beat the people and the outpouring of kindness here.” - Sandra Laney “I moved here to raise my children. I loved the small town feel it had a little over 10 years ago... Now it is growing and it saddens me. I miss all the farmhouses and land.” - Sunshine Laney “Came here in 2006. My husband’s job moved its headquarters to Idaho.” - Deb Southworth “My husband retired from the military and we needed a long-term home. We looked into lots of places, but … we heard this ‘was a great place to raise a family.’ And man, is it!” - Roberta Ricci Garvin See more at www.facebook.com/MeridianPress More from this section 3 Meridian companies named to Inc. 5000 list Posted: Aug. 18, 2017 Why the 'incredibly strong' demand in Ada County's housing market? Posted: Aug. 16, 2017 Meridian company Verified First lands at No. 198 on Inc. 5000 list Posted: Aug. 16, 2017 Idaho State University president to retire next year Posted: Aug. 15, 2017 Allstate, Boy Scouts and Boise Bicycle Project team up for Recycle Your Cycle Posted: Aug. 15, 2017 Tags Meridian Housing Market Real Estate House Prices Home Builders Building Permits Comments Keep it Clean. Please avoid obscene, vulgar, lewd, racist or sexually-oriented language. PLEASE TURN OFF YOUR CAPS LOCK. Don't Threaten. Threats of harming another person will not be tolerated. Be Truthful. Don't knowingly lie about anyone or anything. Be Nice. No racism, sexism or any sort of -ism that is degrading to another person. Be Proactive. Use the 'Report' link on each comment to let us know of abusive posts. Share with Us. We'd love to hear eyewitness accounts, the history behind an article. 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