The Gardner Policy Institute provides data-driven, context-specific insights about Utah’s economy. We prepare in-depth studies on key Utah issues in partnership with stakeholders in the private sector and state and local government. The institute employs a diverse group of economists and analysts with specialties that include healthcare, energy and natural resources, tourism, and real estate and construction. Our research provides vital information decision makers and the public use to help Utah prosper.
Housing, Construction, & Real Estate
October Economic Summary
The Utah economy remains healthy. Every major industrial sector expanded in 2016, contributing a total of 49,500 new jobs over the year. An annual employment growth rate of 3.6% was above the state’s long-term average and among the strongest in the nation. In 2016, Utah’s construction sector posted the highest job growth with 6.8%.
Fertility in Utah since the Great Recession: The New Normal or a Pregnant Pause?
Utah is currently experiencing strong economic growth and has clearly recovered from the Great Recession; however, it appears the recession has left a lingering imprint on the state’s demographics. Starting in 2008, fertility rates in the state began to significantly decline and those declines continue. While Utah continues to have the highest fertility rate, youngest population, earliest age at first marriage, and largest household [...]
September Economic Summary
The Utah economy remains healthy. Every major industrial sector expanded in 2016, contributing a total of 49,500 new jobs over the year. An annual employment growth rate of 3.6% was above the state’s long-term average and among the strongest in the nation. In 2016, Utah’s construction sector posted the highest job growth with 6.8%.
Ivory-Boyer Third Quarter Report 2017
Utah’s construction industry is on pace for a very good year. The total value of construction for the first three quarters of the year rose to $6.3 billion, a nine percent increase over 2016. Through the third quarter the number of permits issued for residential dwelling units was 17,681, a 26 percent increase over 2016 and the highest level since 2007.
