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   Over the last five years Twin Falls has seen unprecedented growth in the Real Estate Market. The Magic Valley area has led the State of Idaho in job creation and a low unemployment rate. In 2004 – 2005, the local job base expanded by 8.1%. The local housing market continues to boom. Housing starts have hit new record highs each year for the last five years. In 2000 Twin Falls issued 168 single family residential building permits. This year Twin Falls is estimating over 520 single family permits. Total permits should exceed 850. Commercial activity is also expanding. Lowe's, Target, Banner Bank, D.L.Evans Bank, Deseret Industries, and numerous office buildings are just a few examples of the expanding service economy. Existing businesses such as Jayco and Lamb Weston are also increasing production. Twin Falls is estimating that it's population is now expanding by approximately 3% or 1,100 new citizens each year. Twin Falls is a desirable place to live and it appears it has been discovered by California, Nevada, Arizona and Washington residents. Barring any significant change in interest rates or inflation, growth will continue at a rate of 2.5 to 3.0% through FY 2005-2006.