Utah Home-Building Industry Begins Recovery, Says University of Utah Eccles School of Business Report

Economists and researchers at the Bureau of Economic and Business Research (BEBR) at the University of Utah’s Eccles School of Business report that the number of permits issued for new single-family homes in Utah turned positive in July 2009—following 39 consecutive months of decline—and has recorded steady increases for the past 10 months. These findings indicate that Utah’s home-building industry is in the early stages of recovering from the worst contraction in more than 70 years.

The data, released in the quarterly BEBR publication Utah Economic and Business Review, showed a 110 percent increase in first-quarter 2010 single-family new home permits compared with Q1 2009 numbers.

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