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 [...]
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 [...]
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
