Strong demand for apartment units in the Wasatch Front has led to a rapid increase in rental rates. Since the Great Recession, the increase in average rent has outpaced income growth and inflation. Pent up demand coupled with a robust [...]
The total statewide value of permit authorized construction during the first quarter of 2019 is $2.0 billion. This value is within a few million dollars of an all-time first quarter high in 2018 (inflation adjusted). Nonresidential construction value is particularly [...]
The Year in Charts summarizes the performance of Utah’s housing market in 2018. The following 25 charts provide a record of current conditions, show long-term trends, and highlight important changes underway in the both the home building and real estate [...]
Utah’s construction activity in the fourth quarter of 2018 tapered off. However, due to a strong start in the beginning of the year, the statewide value of construction totaled nearly $8.5 billion, a 3.3 percent increase from 2017. Residential construction [...]
Utah’s construction activity remains strong through September 2018. The year-to-date statewide value of construction in 2018 eclipsed $6.5 billion, a five percent increase over third quarter 2017. Residential construction remains the principle driver at $4 billion statewide, 61 percent of [...]
The value of all permit authorized construction in Utah during the first half of 2018 was $4.3 billion. Residential construction has been the principle driver at $2.7 billion, a 15.9 percent increase from mid-year 2017. Similarly, the number of building [...]
Salt Lake City continues to add new residents and surpassed the 200,000 resident milestone in 2017. Much of this increase is the result of the recent and significant construction of apartments. Strong demand for rental units in recent years has [...]
The value of all permit authorized construction in Utah during the first quarter of 2018 was $2 billion. This is a 7.5 percent increase from first quarter 2017. This rise was led by an increase in residential construction which represented [...]
Since 2010, Utah has led the country in employment and demographic growth. This growth has produced exceptionally strong demand for housing, which in turn has put upward pressure on housing prices.
Gardner Business Review: What Rapidly Rising Prices Mean for Housing Affordability PowerPoint: Housing Affordability The Kem C. Gardner Policy Institute has released a landmark report on the rapid appreciation of housing prices in Utah and the threat to affordability. Researchers [...]
Thomas S. Monson Center
411 E South Temple
Salt Lake City, Ut 84111
Thomas S. Monson Center
411 E South Temple
Salt Lake City, Ut 84111
