Three Utah counties among fastest growing in the nation

By: Emily Harris, M.S. Utah made national headlines last December when the Census Bureau identified Utah as the fastest growing state in the nation. Today the Census Bureau released the county-level estimates for July 1, 2016, and Utah continues to make headlines. Three Utah counties, San Juan, Wasatch, and Juab, were in the top 10 fastest growing counties in the nation. […]

Tags: , , |

2017 Economic Report to the Governor

By: Juliette Tennert Today, the Utah Economic Council released the 29th edition of the annual Economic Report to the Governor. The report is a collaborative endeavor between the Council, the David Eccles School of Business, and the Governor’s Office of Management and Budget. […]

Utah Tops National Growth

By: Pamela S. Perlich Census Bureau estimates released today confirm that Utah’s population surpassed 3 million and also had the most rapid growth rate last year. The state population for July 1, 2016 of 3,051,217 is an increase of 60,585, the 11th highest population growth amount among all states. Utah’s highest in the nation annual growth rate of 2.03 percent, outpaces second-ranked Nevada (1.95 percent), and third ranked Idaho (1.83 percent). Utah also became the 31st most populous state, increasing from a ranking of 34 in 2010. In the process, it surpassed Mississippi, Arkansas, and Kansas. […]

Tags: , , , , |

Our Northern Neighbor: Comparing the economies of Utah and Idaho

By: Natalie Gochnour Originally published in Utah Business I love the state of Idaho. I love the spectacular mountains, the rivers and the farmlands. I enjoy visiting the small towns and view Boise as an up-and-coming metropolitan area with an urban vibe. I love Sun Valley in the winter or summer and always welcome the [...]

Tags: , , , |

Imagine Utah’s Next 50 Years

By: Natalie Gochnour Originally published in the Deseret News In 1966, Utah reached the 1 million population milestone. Community leaders celebrated the achievement by greeting Utah’s newest resident — dubbed “Mr. Million” – with a 60-piece band as he stepped off the airplane. Since then Utah has added another 2 million people, and projections released last week by the Kem C. Gardner Policy Institute suggest another 2.5 million new residents over the next 50 years. It begs the question, what does the future portend for the Beehive State? […]

Demographic Milestone: Utah’s Hispanic Population Surpasses 400,000

By: Pamela S. Perlich New estimates released today by the Bureau of the Census indicate that Utah’s Hispanic population has reached 411,143 by July 1, 2015. This means that about 1 out of every 7 Utahns (13.7 percent) is Hispanic or Latino, and greater than 1 out of every 5 new Utahns (22.8 percent) since the 2010 Census count is Hispanic. This population is young, with an estimated median age of 24.4 years old, compared to 30.7 years old for the state as a whole. […]

State of Utah’s Travel and Tourism Industry

By: Juliette Tennert, M.A. Our annual State of Utah’s Travel and Tourism Industry report is now available.  The report details the important role that this industry plays in Utah’s economy. […]

Strong First Quarter Results for Utah’s Construction Sector

By: James Wood The latest data show strong first quarter results for Utah’s construction sector. The value of construction in Utah in the first quarter of 2016 was $1.87 billion, only two percent below the all-time high of $1.91 billion (inflation adjusted dollars) in 2007 (See Table 1). The full report for the first quarter of 2016 can be viewed here. […]

Beyond Fertility: Utah's population is not just homegrown

By: Dr. Pamela Perlich, Ph.D. The population of Utah recently surpassed 3 million. This milestone has been achieved as a result of the combination of positive natural increase, with the annual number births consistently exceeding deaths, and significant net in-migration, especially since 1990. People who follow population issues in Utah are well aware of the state’s signature demographics, which include the highest fertility rate and youngest median age among all states. It was quite fitting that Governor Herbert recognized this milestone while standing in a maternity ward.  […]

Tags: , , , |

A Look Back at Washington County’s Housing Bubble

By: James Wood The recently completed annual St. George Area Parade of Homes had the second highest attendance in its 26-year history.  Only the 2007 parade, at the peak of the real estate boom, had more attendees.  Judging from the crowds and the home prices there’s no trace of the Great Recession in the local real estate market.  The 28 homes in this year’s parade included 13 homes priced over $1 million with the highest priced home topping out at $ 4 million. Four years ago, only 3 of the 28 homes in the parade were priced above $1 million. […]