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
December 2018 Economic Summary
The Utah economy exceeded expectations in 2018, adding a total of 48,500 new jobs over the year. An annual employment growth rate of 3.3% is on par with the state’s long-term average and is among the strongest in the nation. A tightening labor market (3.1 percent unemployment) applied upward pressure on personal income. Annual income per capita increased to $45,174, a 3.9 percent increase [...]
Video: Tax Modernization in Utah: Sales and Use Tax
Utahns share a common interest in a state and local tax system that provides for our needs, keeps the economy strong, and remains viable over the long term. This video presents economic and demographic realities impacting Utah’s current sales and use tax system.
The Economic Contributions of Utah’s Ski Industry, 2018
Utah is home to 14 ski resorts, including the nation’s largest ski resort (Park City) and 10 resorts less than an hour from Salt Lake International Airport.
November 2018 Economic Summary
The Utah economy remains healthy. Every major industrial sector expanded in 2017, contributing a total of 43,500 new jobs over the year. An annual employment growth rate of 3.1% is on par with the state’s long-term average and is among the strongest in the nation. In 2017, Utah’s construction sector posted the highest job growth with 5.4%.
Ivory-Boyer Third Quarter Construction Report 2018
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 total construction value, a share not seen since 2006 (Figure 1). Year-to-date, 18,761 permits have been issued for residential units, over 1,000 more units [...]
