Utah Economy
The new construction home market has been in decline for some time now, but it is starting to pickup in a few areas. One of those areas is the Salt Lake Metro area which was named the 6th most active metro area for new construction home permits (source Trulia). In the third quarter there were [...]
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Following on from other encouraging Utah business and real estate news, a recent Forbes study says that for the second year running ‘Utah is the No. 1 State for Business and Careers ’. Fueled by companies like Home Depot, Goldman Sachs and Boeing expanding their presence within the state, Utah is producing strong business growth [...]
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A recent article in the Builder Magazine predicts a bright 2012 for the Salt Lake City Housing Market. They teamed up with Hanley Wood Market Intelligence to produce their list of healthiest housing markets in the United States. The list was compiled using various criteria including the local employment market, population growth, and income growth. [...]
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There were some good pointers in the latest Salt Lake County housing sales data for August 2011. First of all the number of homes sold topped the 1000 mark for the forth month in a row. There were 1,086 homes sold, that’s an increase of 38.52% from Aug 2010, and an increase of 7.12% from [...]
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Good news for Daybreak residents, Kennecott today announced the first Businesses set to occupy Daybreak Utah’s SoDa Row Village Center. They will be: Black Diamond Gymnastics and Sport Centers – Will provide gymnastics, dance, cheer and martial arts. It also offers the Kids Klub after school enrichment program, off-track camps for kids, birthday parties, special [...]
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A new report produced by the American Legislative Exchange Council (ALEC) said Utah has the best economic outlook of any U.S. State. The report shows that those states which were eager to increase spending during the good times and have a high tax burden, are now suffering the most and those that controlled their budget [...]
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The west side of the South Jordan located Daybreak development has always been earmarked for commercial development, and hi-tech companies seem to be sitting up and taking note. Attracted by Daybreak’s fiber optic infrastructure eBay have already announced plans to open a building in Daybreak’s commerce park. The project to build a ‘next generation’ data [...]
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There is now a new Utah State incentive of $6000 dollars for home buyers, but it comes with limitations and in my opinion a major drawback. Unlike other incentives introduced at the federal level, the State incentive is limited to new construction homes. Now this is great if you are looking to buy a new [...]
OK so I had a bit of a surprise the other day, I received my stimulus tax rebate check, but it was not for the amount I expected. The check I received was for $600 and not the expected $1200. Given this, I started to do some digging to try to find out why I [...]
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These are not my words, they are from a recent article in Forbes Magazine. According to the magazine article, Salt Lake is the sixth most recession proof city in the U.S. This is based on the fact that the city’s unemployment rate is low, that we are still creating jobs and that the housing market [...]
