Economic Indicators
The Gardner Institute provides economic indicators for the U.S. and Utah, publishes an economics dashboard, administers the monthly consumer sentiment survey, produces Utah Informed, and prepares the annual Economic Report to the Governor.
2019 Economic Report to the Governor
The Economic Report to the Governor has been the preeminent source for data and commentary on Utah’s economy for over 30 years. The Utah Economic Council, convened by the David Eccles School of Business and Governor’s Office of Management and budget, publishes the report annually.
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 than this time last year. Third quarter permits for residential units in 2018 are eight percent less than third quarter 2017. It is likely the state will see more growth in 2018 than 2017 and
Ivory-Boyer Second Quarter 2018 Construction Report
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 permits for new residential permits is up 13.7 percent from 2017, with 12,772 permits issued statewide (Figure 1). Condominium, townhome, and duplex permits led the state in residential growth with a 25 percent increase in units from January through June 2018. Nonresidential construction experienced a 15.4 percent drop in value compared to mid-year 2017. Additions, alterations, and repairs experienced a[...]
Ivory-Boyer First Quarter Report 2018
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 64 percent of total construction value this quarter. Overall, construction values rose after two consecutive quarterly declines in 2017.
2018 Economic Report to the Governor
The 2018 Economic Report to the Governor is the 30th publication in this series. Through the last three decades, the Economic Report to the Governor has served as the preeminent source for data, research, and analysis about the Utah economy.
Ivory-Boyer Fourth Quarter Report 2017
The value for all types of permit authorized construction totaled $8.21 billion, a 3.9 percent decrease from 2016 (inflation adjusted dollars) (see Figure 1). The decline in total construction value can be attributed to Salt Lake City issuing a permit for $566 million in 2016 for the redevelopment of the Salt Lake City International Airport. Without this permit, the total construction value for 2017 would be approximately 3 percent higher than in 2016.
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.
Ivory-Boyer Second Quarter Report 2017
Construction activity has had a strong start in 2017, with the mid-year numbers at the highest level in 10 years. The number of building permits issued for residential units through the first six months was 11,145, nearly 22 percent higher than 2016 and the highest mid-year level since 2007 (see Figure 1). Total construction valuation at $4.1 billion was also at the highest midyear level since 2007 and five percent above 2016 (see Figure 2).
Ivory-Boyer Year-End Construction Report, 2016
For the sixth consecutive year, permit authorized construction increased in Utah. The value for all types of permit authorized construction totaled $8.17 billion, the second highest value in Utah’s history
Ivory-Boyer First Quarter Report 2017
The value of all permit authorized construction in Utah during the first quarter of 2017 was $1.92 billion, a three percent decrease from the first quarter of 2016. While a relatively minor decrease, it is the first decline in first quarter total construction value since 2012. The slowdown in overall construction was attributable to the 30 percent decline in nonresidential construction value.