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Category: Economy

Utah Real Estate

Eye on the Economy- Existing Home Sales Improving

Existing home sales increased 2.4% in July, tallying the fourth consecutive month of increase. While the pace of existing home sales remains 4.3% below the July 2013 rate, the steady improvement for resales is positive news for the new home…

Week-36-Land-Stats-blog

Land Lines- Week 36

Land Lines – Week 36 Multifamily and commercial construction spending nationally is up significantly, Utah continues to see steady growth in both the residential and commercial sectors. The debate over Public Lands is still heated, we will continue to add…

Multifamily Real Estate

Multifamily Residential Construction Spending up 38.4% from One Year Ago

The National Association of Realtors (NAR) released data showing large gains in single-family and multifamily construction spending nationally. Locally, 2014 isn’t performing like originally projected. This is in part due to higher land costs in 2013, land values have since…

City Creek

Nonresidential Construction Spending Rebounds in July

Nonresidential construction spending expanded strongly in July, growing 2.5 percent on a monthly basis and rising a robust 8.6 percent on a year-over-year basis according to a Sept. 2 release from the U.S. Census Bureau. Spending for the month totaled…

Park City

Park City construction industry positioned for a $100 million year

The Park Record posted the article below written by Jay Hamburger, THE PARK RECORD. – – – – – – – – – The Park City construction industry in July enjoyed its fourth consecutive month of topping $10 million, putting…

Utah County

Utah County Officials are requesting more freeways

There is no doubt that Utah as a whole is growing, especially Northern Utah County. With new companies like Adobe, IM Flash, Cabella’s, MultiView, Vivent and numerous others in tow we will continue to see growth for decades. Utah County expects…

National Housing Starts

Housing starts surge in July

July’s home building rate solidly beat economists’ median forecast of 965,000 and was the strongest since November. Last month’s pace came in slightly ahead of April’s 1.06 million rate, the only other month this year when starts’ annual rate cracked…

Farm Land

U.S. Farm Production Expenditures Top $367 Billion in 2013

Farm Land Values Maintain Upward Climb WASHINGTON, August 01, 2014  – U.S. farmers spent $367.3 billion on agricultural production in 2013, a 2.0 percent increase from 2012, according to the Farm Production Expenditures report, published today by the U.S. Department…

Housing Study

NAHB Releases New “Priced Out” Numbers

NAHB Economics recently released its 2014 Priced Out Estimates showing that, nationally, a $1,000 increase in the median new home price (triggered, for example, by additional regulation) prices 206,269 households out of the market for the home. This means that…