A note to our readers…
New Two-Phase Market Report Release Starting June 2025
To get you timely data and meaningful insights, BRR is introducing a new two-phase approach to our monthly Market Report releases:
- Phase 1: Snapshots & Graphs — Available earlier (typically between the 8th and 12th of each month), this first release includes high-level graphs and market snapshots. They’re ready for you to share in your newsletters, social media, or client conversations as soon as they drop.
- Phase 2: Market Stat Sheets — By the 16th of each month, we’ll follow up with the full Market Stat Sheets. This is where we dig deeper into the trends, provide key takeaways, and offer a broader interpretation of the data.
This two-phase release schedule is designed to get you what you need, when you need it: a quick look early on and a full picture shortly after.
The federal government shutdown began at 12:01 a.m. on 10/1/2025, after Republicans and Democrats in Congress failed to reach a deal on a new spending bill to fund federal operations.
During a government shutdown, hundreds of thousands of federal workers are placed on unpaid furloughs, which can slow economic growth. Typically, the effect is temporary and most of that lost growth is regained when the shutdown ends and furloughed workers receive retroactive pay.
However, this shutdown comes at a time of heightened economic uncertainty, with recent federal reports sending mixed messages suggesting that overall growth appears strong while the labor market seems to weaken.
The Federal Reserve’s next decision on interest rates later this month hinges on how those trends play out. But during the shutdown, the government will cease issuing crucial reports on inflation and the economy, including the highly anticipated monthly jobs report that had been due on Friday.
That leaves Fed policymakers, and the investors who ultimately determine mortgage rates, groping in the dark as they try to assess economic conditions, introducing new uncertainty and volatility into the market.
However, the shutdown will disrupt small but important elements of the housing market, and a lengthy shutdown could generate significant uncertainty, weighing on home sales.
Perhaps the most significant impact on homebuyers is a lapse in authorization for the National Flood Insurance Program (NFIP), which provides more than 90% of flood insurance policies sold across the country.
Source: https://www.realtor.com/news/real-estate-news/government-shutdown-mortgage-rates-housing/
New tariffs on imported lumber and wooden fixtures have taken effect, potentially raising the cost of home construction and renovations.
The tariffs, aimed at boosting U.S. timber production, officially kicked in at 12:01 a.m. on Tuesday. They include a 10% tariff on all timber and lumber imports and a higher 25% duty on cabinets and furniture.
Those tariffs are set to jump higher on Jan. 1, rising to 30% for wooden furniture and 50% for kitchen cabinets and vanities. While the move is welcomed by domestic lumber producers, homebuilders say the new tariffs will raise their materials costs.
The U.S. imports roughly a third of the lumber used in home construction, because it does not produce enough domestically to meet demand. Roughly 85% of imported lumber comes from Canada, which is already subject to separate 35% tariffs under rules set by the Commerce Department.
The new tariffs will stack on top of that, taking the total duties on Canadian lumber to a punishing 45% and raising costs for homebuilders unable to find a cheaper alternative.
Source: https://www.realtor.com/news/real-estate-news/trump-tariff-lumber-furniture-homebuilding-cost-today/
Idaho College of Osteopathic Medicine (ICOM) in Meridian is on the market according to its president, Dr. Tracy Farnsworth. Its investors, comprised of Rice University and private equity firm TPG, publicly announced plans to sell the college and its programs within the next six to 12 months. The medical school opened in 2016, partnering with Idaho State University (ISU). Recently, ISU hired Tripp Umbach to head a $100,000 study to determine the feasibility and impact of such a purchase. A cost assessment will be conducted by a separate firm. Idaho has one of the lowest ratios of physicians to population of all states.
Source: https://www.idahostatesman.com/news/local/education/article311965965.html
Athletic Club Boise surpassed 6,250 season ticket deposits, setting a new United Soccer League record for sales before its first game. The men’s season is scheduled to begin in 2026 while the women’s team season starts in 2027. The new stadium is being built in partnership with Ada County and will initially have a capacity of 7,050 seats. It is planned to be expandable to over 11,000 seats.
Source: https://idahobusinessreview.com/2025/09/10/athletic-club-boise-usl-record-ticket-sales/
The Nampa Council voted to sell the Ford Idaho Center starting with a threshold bid of $75 million. Nampa leadership initially considered selling to the College of Western Idaho but have now opened the bidding to the public.
rPlus Energies broke ground on the Pleasant Valley Solar 2 project. It will supply solar energy to the Meta data center in Kuna. It garnered $100 million in tax equity financing to support it which will provide 125 megawatts to the area. Sundt Construction oversees building the project which will create 200 construction jobs during the building phase.
Source: https://idahobusinessreview.com/2025/09/10/pleasant-valley-solar-2-idaho-rplus-100m/
Other Real Estate News
- KTVB | Growing Idaho: Who Can You Trust on Real Estate Decisions?
- Realtor.com | Homebuyer Sentiment Remains Muted as Most Say It’s Still a Bad Time to Buy
- Realtor.com | Idaho Homeowners Pay Some of the Lowest Insurance Costs In The Country Despite Wildfire Risks
- Bankrate | Inflation and the Housing Market: Decoding the Latest Numbers
Please note: Some news outlets may protect their content with paid subscriptions. While we try to refrain from sharing articles that may not be accessible to everyone, we may share them if important to the industry.
Additional information about trends within the Boise Region, by existing and new construction, are now available here: Ada County, Elmore County, Gem County, Four Rivers Region (coming soon), and Condos, Townhouses, and Mobile/Manufactured Homes Market Reports. Each includes an explanation of the metrics and notes on data sources and methodology.
Ada County
Canyon County
Elmore County
Gem County
Condos…
Download the latest (print quality) market snapshot graphics for Ada County, Ada County Existing/Resale, Ada County New Construction, Boise County, Elmore County, Gem County, Malheur County, Payette County, and Washington County.
Since Canyon County is not part of BRR’s jurisdiction, we don’t publicly report on Canyon County market trends. Members can access Canyon County snapshots and reports in the Market Report email, or login to our Market Statistics page. Our Owyhee County snapshot can also be accessed on our Market Statistics page.
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The data reported is based primarily on the public statistics provided by the Intermountain MLS (IMLS), a subsidiary of Boise Regional REALTORS® (BRR). These statistics are based upon information secured by the agent from the owner or their representative. The accuracy of this information, while deemed reliable, has not been verified and is not guaranteed. These statistics are not intended to represent the total number of properties sold in the counties or cities during the specified time period. The IMLS, Boise Regional REALTORS®, and Idaho Policy Institute provide these statistics for purposes of general market analysis but make no representations as to past or future performance. If you have questions about this report, please contact BRR’s Director of Growth & Strategic Communications Taylor Gray at 208-947-7238. For notes on data sources, methodology, and explanation of metrics, visit boirealtors.com/notes-on-data-sources-and-methodology.
If you are a consumer, please contact a REALTOR® to get the most current and accurate information specific to your situation.
Boise Regional REALTORS® (BRR), a 501(c)(6) trade association, represents real estate professionals throughout the Boise region. Established in 1920, BRR is the largest local REALTOR® association in the state of Idaho, helping members achieve real estate success through ethics, professionalism, and connections. BRR has two wholly-owned subsidiaries, Intermountain MLS (IMLS) and the REALTORS® Community Foundation.
“REALTOR®” is a federally registered collective membership mark which identifies a real estate professional who is member of the National Association of REALTORS® (NAR) and subscribes to its strict Code of Ethics.
Great snapshot of the Boise market! The gradual rise in inventory could bring some much-needed balance, especially for buyers who’ve been waiting on the sidelines. Always appreciate these clear and data-driven updates.