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}
- Average Home Size Increasing According to this article, McMansions gain popularity despite the housing slump, national new home sizes are averaging 2,400 sq ft!Thats a huge increase from about 40 years ago. In the sixties, the average home was about 1100 sq ft with 3 bedrooms and 1 bath.American homes, on average, are nearly......
- How To Buy New Houses At A Discount The past week has been terrible for stockholders of sub-prime lenders. Today a major home builder, Toll Brothers reported that its net profit fell nearly 70% in the 1st quarter. There's a major slow-down in many markets across the country. Inventory is piling up and home prices are dropping. However,......
- Is The Economy Recovering? Had dinner last night with an old family friend at a fancy restaurant. One of the topics that came up for discussion was the stock market and whether the recent rally was sustainable. While I didn't have any concrete information about the numbers, I felt that the rally in the......
Related Websites
- American Demosclerosis: Borrow & Spend the New American Way Call me a cynic, but if ever there is a better example of how demosclerotic the "greatest country in the history of the world" [via Mitt Romney] really is... Top senators from both parties indicated Sunday that a deal was likely soon on temporarily extending Bush-era tax cuts for all......
- Commodity Collapse: Crash or Correction? Last week's collapse in commodities prices was one for the history books. Oil prices fell by 15%. Silver plummeted 27% -- the metal's largest percentage decline in more than 30 years. Even gold fell by 4.2%, after the Wall Street Journal reported that billionaire investor George Soros sold off some of......
- Consumer Confidence in United States has Increased The level of consumer confidence in the United States rose unexpectedly in November, rebounding from a record low. This surprising change apparently came as concerns about the rising rate of unemployed coupled with tumbling financial markets was alleviated by falling gas prices. The Conference Board's index of consumer confidence suddenly......
[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.