In 2022, higher home prices and a doubling of the mortgage rate combined to erode housing affordability. Thus, homeownership has become more difficult for many of Utah’s 333,000 renter households.
Utah’s travel and tourism industry has experienced a healthy post-pandemic recovery, yet continues to face a service industry labor shortage, stunted international visitation, and inflationary headwinds.
In 2021, Utah’s cultural industry, which comprises the design, education, entertainment, fashion, film, humanities, and traditional arts sectors, generated $10.1 billion in output (direct spending) and supported an estimated 65,300 Utah jobs.
Utah's housing market faces a severe imbalance that creates record price increases for homeowners and renters. The COVID-19 pandemic made the housing shortage worse by[...]
Construction activity continued its record-breaking momentum into the second quarter of 2021. As the economy recovered, the rebound in commercial activity added to the record-setting[...]
Utah's defense industry is an integral component of the state's diverse economy, contributing over $19 billion in economic activity.
Utah’s mature life sciences industry continues to experience strong growth relative to nationwide trends, even during recessions. Newly released data show that employment trends the Gardner Institute first[...]
The 2020 Census results confirmed what Utah residents already sensed: the Beehive State grew faster than any state in the country over the past decade,[...]
By: Gov. Gary R. Herbert Editor’s note: In this guest blog post, we publish[...]
By: Randy Shumway Editor’s note: The Kem C. Gardner Policy Institute from time to[...]
By: Juliette Tennert As residents of Utah, we are all contributing to the problem[...]
