April 12th 2023
Construction in Twin Falls, Idaho: A Look at the Numbers
Twin Falls, Idaho, is a growing city that has seen a surge in construction activity in recent years. With a population of over 50,000 and a thriving economy, the city has become a hub for new construction and development projects. In this blog post, we will take a closer look at the construction industry in Twin Falls using statistics and data.
The housing market in Twin Falls has been booming in recent years, with a steady increase in the construction of new homes. According to the US Census Bureau, the number of housing units in Twin Falls has increased by 10.7% since 2010. This growth is expected to continue, with an estimated 1,500 new homes expected to be built in the city by 2025.
Commercial construction is also on the rise in Twin Falls, as the city continues to attract new businesses and expand existing ones. According to the Twin Falls Economic Development Corporation, the city has seen a $75 million increase in commercial construction in the past five years with projects like Chobani. This includes the development of new retail spaces, office buildings, and industrial facilities.
Infrastructure construction is another area of growth in Twin Falls, as the city invests in its roads, bridges, and public facilities. According to the Twin Falls City Council, the city has allocated $20 million for infrastructure projects in 2021 alone. This includes the construction of new parks, the expansion of the wastewater treatment plant, and improvements to the city’s transportation network.
Employment in Construction
The construction industry is a significant employer in Twin Falls, with many residents working in the field. According to the US Bureau of Labor Statistics, the construction industry employs over 2,200 people in Twin Falls, making up 8.2% of the city’s total workforce. This is higher than the national average, which is around 6% of the workforce.
Construction in Twin Falls, Idaho, is a vital and growing industry that contributes significantly to the city’s economy and employment. The statistics demonstrate a positive trend in residential, commercial, and infrastructure construction, indicating a strong and stable market. As the city continues to attract new residents and businesses, we can expect to see continued growth and development in the construction industry in the years to come.