There are a lot of Boise new homes listed in our Multiple Listing Service.
In fact, 777 (28.9%) of all 2,691 homes for sale in our MLS are new homes.
You might think all of those listings are completed new homes eagerly awaiting new owners, but that’s not true.
Many of those listings are “to be built” homes that will never be built unless buyers agree to have them built.
In fact, 354 (45.6%) of all 777 new homes listed for sale in our MLS now are “to be built”.
We call those “to be built” homes “build jobs”.
Builders like to sell build jobs because they know they have the home sold before they start building it vs. building a “spec home” (a home built on speculation that it will sell).
And, with a build job contract in hand, the builder can often get another construction loan and start building another home.
Data pertains to Ada County single-family homes on lot or acreage.
Data does not include condo or townhome properties.
New homes = To Be Built, Under Construction, and New-Never Occupied MLS categories.