Housing prices are outpacing wage growth in one of the fastest growing states in the country.
Betsy Russell reports for Boise Dev on the implications of recent data from the Idaho Department of Labor showing the two sides of Idaho's booming economy. On the one hand, wages in the state have grown between 25% and 32% since 2015. On the other, housing prices have increased 150% during that same time span.
Craig Shaul, research analyst supervisor for the Idaho Department of Labor, is cited for insight in the article. Shaul notes that Idaho’s housing prices are outpacing the national average. "And while Idaho’s economy is booming, Shaul said wage increases are expected to taper off over the next two years, raising questions about how Idaho will house its future workers," writes Russell.
According to the source article, linked below, the state's rising cost of housing is contributing to a labor shortage—some of which mirrors the trends around the country, but also includes a large number of retirees aging out of the labor force.
FULL STORY: Idaho incomes rise, but housing costs far outstrip them
Pennsylvania Mall Conversion Bill Passes House
If passed, the bill would promote the adaptive reuse of defunct commercial buildings.
Coming Soon to Ohio: The Largest Agrivoltaic Farm in the US
The ambitious 6,000-acre project will combine an 800-watt solar farm with crop and livestock production.
World's Largest Wildlife Overpass In the Works in Los Angeles County
Caltrans will soon close half of the 101 Freeway in order to continue construction of the Wallis Annenberg Wildlife Crossing near Agoura Hills in Los Angeles County.
California Grid Runs on 100% Renewable Energy for Over 9 Hours
The state’s energy grid was entirely powered by clean energy for some portion of the day on 37 out of the last 45 days.
New Forecasting Tool Aims to Reduce Heat-Related Deaths
Two federal agencies launched a new, easy-to-use, color-coded heat warning system that combines meteorological and medical risk factors.
AI Traffic Management Comes to Dallas-Fort Worth
Several Texas cities are using an AI-powered platform called NoTraffic to help manage traffic signals to increase safety and improve traffic flow.
City of Costa Mesa
Licking County
Barrett Planning Group LLC
HUD's Office of Policy Development and Research
Mpact Transit + Community
HUD's Office of Policy Development and Research
Tufts University, Department of Urban and Environmental Policy & Planning
City of Universal City TX
ULI Northwest Arkansas
Urban Design for Planners 1: Software Tools
This six-course series explores essential urban design concepts using open source software and equips planners with the tools they need to participate fully in the urban design process.
Planning for Universal Design
Learn the tools for implementing Universal Design in planning regulations.