Growth for the city of Kuna looks good right now. Really good.
If the city of Kuna’s predictions are correct, residential development is poised to explode in 2014 as the once dormant subdivisions are dusted off and building re-starts after a three-year slowdown. Last year was the best year in four years for new residential building as measured by permits issued.
In 2013 there were a total of 136 residential new building permits filed and picked up for a total estimated value of approximately $31 million according to data provided by the City of Kuna’s website. This is the highest value since 2009 when a value of $42 million in new residential housing permits were filed. There were just over $46 million of new permits filed in 2008.
“2014 looks good,” said Troy Behunin, a senior planner with Kuna Planning and Zoning. “2013 was a really good year for us. We had two subdivisions come in and get their approvals for new lots. So they will have building permits applied for this year most likely. There are also 65-70 lots that are in the que. We’re going to see some smaller subdivisions in the next few years until the recession is completely over. We have two other bigger developments but their timeline isn’t 2014.”
With the settlement of the LID in early 2013, the building market has opened up as the price of the Economic Development Unit (EDU) attached to each residential unit has been made land competitive again in the area. That, and many developments in progress when the great recession hit were simply shelved making them almost shovel ready now that demand has increased for new homes.