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Tag: Economy

Utah Land

Five Hottest U.S. Housing Markets Where Supply Meets Demand

With a good supply of land and a growing demand for new housing, these five up-and-coming cities will be some of the most lucrative areas for home builders in the next few years. Builders have long awaited a year that…

Utah Land

Natalie Gochnour: 5 predictions for Utah in 2015

The New Year brings with it lots of emotions — pessimism for some, optimism for others. And for everybody it brings anticipation. What will 2015 bring? I took out my crystal ball and came up with five predictions for 2015….

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…

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…

Utah Landowners

Existing-Home Sales Heat Up in May, Inventory Levels Continue to Improve

WASHINGTON (June 23, 2014) – Existing-home sales rose strongly in May and inventory gains continued to help moderate price growth, according to the National Association of Realtors®. All four regions of the country experienced sales gains compared to a month…

Utah Real Estate

Utah stands out in U.S. Chamber Enterprising States report

Utah has more Top 10 economic rankings than any other state WASHINGTON, D.C. – At today’s U.S. Chamber of Commerce Small Business Summit, Gov. Gary R. Herbert joined the Governor’s Roundtable to discuss issues outlined in the Enterprising States 2014…

NAR

Sluggish Construction Portends Steady Price Growth

Posted in Economist Commentaries, by Ken Fears, Director, Regional Economics and Housing Finance on June 8, 2014 Summary: Supply remains constrained Construction has not kept up with long-term demand Affordability concerns appear to be driving builder pensiveness rather than REO…

Construction Spending

New Residential Spending Improves

New residential construction spending advanced a strong 2.8% on a seasonally adjusted (SA) basis after falling 0.8% in February. Single-family construction spending jumped 3.8% following a 1.3% drop in February. Multifamily construction spending was down 1.8% after advancing 1.7% in…

Utah Land

2013-2018 Comprehensive Economic Development Strategy- WFEDD

The Wasatch Front Economic Development District has prepared an in-depth development strategy. The WFEDD is an organization created to support economic development plans, promote long-term economic competitiveness, and attract federal monies to implement local plans.   The WFEDD Board of…