Utah Economy Strongest in the Nation
According to the Deseret News,
Utah’s economy is the single strongest state economy in the nation, according to one Utah economist. And the single strongest sector within that economy is construction.
It’s growing so fast that many construction companies say they can’t hire fast enough to staff the jobs they’ve got on the docket. It’s growing so fast that, according to some general contractors, projects are being delayed or redesigned to suit the available labor pool.
It’s growing fast, and though the pace may slow to a trot instead of a frothing gallop, industry watchers say Utah’s construction market will continue to see healthy growth for years, perhaps decades.
Thats good news, if its true. Where there are jobs, there’s a demand for housing and home prices should continue to stay strong. I’ve been investing in Salt Lake City for just over 2 years and so far its been a very good ride.
If you found this post helpful, consider donating to my coffee fund!![[del.icio.us]](http://images.del.icio.us/static/img/delicious.small.gif){kind=small}
- Housing Market still doing well in Salt Lake City Utah's Business Index Skyrockets2007-02-02Deseret News (Salt Lake City)The economy soared in three Mountain states last month, with Utah leading Colorado and Wyoming in new hiring and manufacturing production, according to a report Thursday from the Creighton Economic Forecasting Group.The report tracks business conditions based on an index that ranges from......
- Is It Time To Buy Real Estate? Over the past few weeks, several of friends have asked me if its a good time to buy a house now that real estate prices have bottomed. Encouraged by the media, everyone seems to think that home prices have bottomed out and the recovery is about to begin. Even Jim......
- Understanding Real Estate Market Cycles and How To Invest Based On Your Own Research A lot of people have been asking me how I do my research for places to invest in. Here's my attempt to explain the process. It started when I sold my home and was wondering where to invest the proceeds. I moved into a condo that had previously been a......
Related Websites
- How Worried Are You About Being Laid-Off? Yesterday, I saw that more than 70,000 people lost their jobs. Using the data on the side panel of that report (and some rough math), that's 33% of the jobs lost year to date in a single day. Okay, you caught me, it's still early this year, but that's still......
- A New Way to Consider Personal Finance Through the past few years, many of us have been conditioned to believe that being in debt is a bad thing. While it certainly may be true that debt is dangerous in the wrong hands, there are actually many ways that debt can be very effective and can actually help......
- Wages Growing Again? Check this out- after unprecedented cost cutting measures by corporations over the past 12-14 months, wages are growing again! Or are they? This is according to a recent NYT article. I myself was a victim of just about all the cost cutting measures (except being laid off) last year: My......
[All content is copyright of Living Off Dividends & Passive Income]
April 20th, 2007 at 11:04 am
Your blog is interesting and definitely given me a different perspective on investing. Keep up the good work!
Are you still buying there and just holding on to your houses? Are they rentals or lease options?
Thanks to your posts,I got interested in Utah. I bought and sold a pre-con there in 2006. Maybe I got out too soon, but a bird in hand is better than 2 in bushes
April 20th, 2007 at 11:26 am
Glad it worked out for you.
i still have 5 homes there. I’m planning to sell 2 and keep 3 for long term.