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.
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.