Idaho Business Review
by IBR STAFF REPORT
09/11/2006
Sacramento-based Corinthian Homes, which recently entered the Treasure Valley market, plans to build 1,000 homes per year once the company has geared up, which should take three to five years, Director of Sales and Marketing Alicia Lopez said.
Corinthian Homes plans to start building two subdivisions this fall.
They include 124 homes in Rockbridge northwest of Idaho Highway 44 and Plummer Road in Star, and nearly 80 in Greenlinks north of Highway 44 in eastern Middleton, Lopez said.
The company plans to start work next year on eight more projects with a total of 5,000 buildable lots, some of which will be sold to other developers, Land Development and Construction Manager Mike Greiner said.
The projects include four in Star and two in Eagle, Lopez said.
Star has six months of housing inventory and Eagle has eight months, according to Holland Realty real estate agent Dan Neely.
But most of those homes are at high price points. Corinthian’s prices are still to be determined, but Lopez said the company expects most of its Star homes to sell for under $300,000.
“You don’t see much of that in Star,” she said.
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