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New Home Starts Increase Substantially in City of Twin Falls
Twin Falls, Idaho ( KMVT-TV / KTWT-TV ) - New home construction in the City of Twin Falls increased substantially during the first two months of the fiscal year.
Single-family home starts increased 176.9 percent during the first two months of the fiscal year, or 36 new home starts compared to 13 new home starts during the first two months during the same time period last year. The increase is the largest since 2008, when 41 new home starts were reported in the first two months of the fiscal year – approximately the same time period when the recession hit the City of Twin Falls.
The value of new single-family home starts in October and November also increased substantially, growing more than 180 percent compared to the first two months of the 2012 fiscal year to more than $5.8 million.
Commercial construction also remained strong, with more than $1.06 million in new commercial construction during October through November.
Although the first two months of the fiscal year does not yet indicate a long-term trend, the City remains encouraged with the increased level of building activity as possible indication of a strengthening local economy.