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How rising interest rates are impacting Idaho’s population growth

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How rising interest rates are impacting Idaho’s population growth


TWIN FALLS, Idaho (KMVT/KSVT) — 2020 census information exhibits Idaho because the second quickest rising state in america, behind solely Utah. Idaho gained slightly below 300,000 folks – a 17.3% enhance. Properties had been needing to be constructed to fulfill this elevated demand.

“On the peak interval, we issued about nearly 100 new dwelling building permits per thirty days for a number of months consecutively,” mentioned Twin Falls metropolis spokesman Josh Palmer.

2021 continued to see very excessive demand for brand new dwelling building. Since this spring, nevertheless, issues have gone in one other path.

“12 months so far now, now we have authorized about 150 new dwelling building permits,” Palmer mentioned. “In comparison with final yr in 2021, we had issued nearly 500.”

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Early on in 2022, slight decreases started to happen. New metropolis information, nevertheless, now exhibits a drop of practically 70% from 2021 to 2022. stats from the newest month of knowledge out there, Twin Falls noticed a lower of simply over 90% from 2021 to 2022. Yuri Galeev, a contractor we spoke to, says dropping demand as a consequence of greater rates of interest is likely one of the predominant elements behind this.

“With latest greater charges, we’ll clearly see a slowdown within the new building market,” he mentioned.

In line with Galeev, an increasing number of individuals are turning towards one other means of investing into properties and property.

“We anticipate that the house enchancment market will keep not less than on the identical stage,” Galeev mentioned.

Whereas information does present a slight drop in reworking permits, metropolis officers say the quantity of various permits concerned in reworking makes this slight drop insignificant, particularly in comparison with the drop in new dwelling building.

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“We’ve seen a few 20% decline in all that,” Palmer mentioned. “In order that’s not important after we’re taking a look at new dwelling building, which has declined much more.”

So what does this imply for the longer term progress of Idaho? In line with one examine, the Gem State has dropped 6 spots to quantity 8 so far as quickest rising states. Nevertheless, Palmer says it’s onerous to say now.

“Sure sectors observe one another, so if in case you have a brand new enterprise that is available in, particularly a bigger new enterprise like Clif or Chobani, what you’ll begin to see is a swath of latest dwelling demand,” he mentioned. “This brings in a brand new inhabitants sometimes, and new industrial follows that. We haven’t seen that sort of reciprocating impact but.”



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Idaho

Man killed in northern Idaho crash – East Idaho News

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Man killed in northern Idaho crash – East Idaho News


The following is a news release from Idaho State Police.

Idaho State Police is investigating a fatal crash that occurred on Monday at 10:38 a.m. on Highway 95 northbound at Eid Road in Latah County.

It was discovered that a blue 2001 Ford Focus, occupied by a 40 year old male of Lewiston, was traveling north on the highway when it approached stopped traffic. Traffic was stopped due to construction in the area.

The blue Ford Focus approached the stopped traffic, swerved, striking the side of a white 2021 Chevrolet Silverado, then drove off the right shoulder down an embankment.

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The driver of the Ford Focus was not wearing a seatbelt and sustained severe injuries due to the crash. He was transported to a local hospital where he was pronounced deceased.

The driver of the Chevy Silverado, a 65-year-old male of Lewiston, was wearing a seatbelt and was uninjured. He remained at the scene and cooperated with investigating officers.

The highway was closed for approximately three hours while agencies responded and investigated the crash.

Next of kin has been notified.

Latah County Sheriff’s Office, Moscow Fire/EMS, and the Idaho Transportation Department assisted with the incident.

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NIC enrollment climbs after fall count

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NIC enrollment climbs after fall count


Enrollment at North Idaho College grew 15% since last fall, according to State Board of Education data.

There are 4,585 students at the college this October, up from 3,979 in 2023 and 4,296 in 2022. However, the college is still 3% down in overall enrollment from four years ago.

The growth comes as NIC fights to retain accreditation from the Northwest Commission on Colleges and Universities. The college Wednesday welcomed three new trustees, who ran on a platform of retaining accreditation and creating stability for the school.

The numbers continue a jump noted in August, after enrollment increased for the first time in more than a decade. In 2011, NIC had 6,750 total students.

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The October numbers capture both full-time students, at 1,209, and part-time students at 2,898, an 18% increase. The part-time list includes high school students taking dual-credit classes. There are 478 students enrolled in career-technical programs — a 14% increase from last year, but a 22% decrease from four years ago, when 612 students took CTE courses.

Tami Haft, NIC’s dean of enrollment services, presented the enrollment data to NIC trustees Wednesday, and audience members applauded the news of enrollment increases. Haft noted that the college attracted 211 new students, a 37% rise in new student enrollment.

Here’s how NIC’s student enrollment breaks down:

  • 47% of students are in programs to transfer to a four-year university.
  • 38% are in dual-credit courses.
  • 10% are in career-technical education.
  • 5% are in non-degree programs.

Click here to see the fall enrollment numbers for colleges and universities statewide.



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WATCH! TCU Women's Basketball Players Van Lith and Conner After Defeating Idaho State

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WATCH! TCU Women's Basketball Players Van Lith and Conner After Defeating Idaho State


TCU women’s basketball guards Hailey Van Lith and Madison Conner spoke with the media following an 86-46 win over Idaho State. Van Lith had 27 points on 10-of-16 shooting to go with 5 rebounds and 4 assists. Conner dropped 17 points (6-of-9), dished out 4 assists and grabbed 3 boards.



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