Reports

Reports are periodic posts about the numbers driving the Utah real estate economy.

The Housing Recovery: Job losses, foreclosures and short sales

03/18/10

Job losses in Utah have been widespread, with all major counties experiencing employment declines. In terms of percent change Wasatch County has sustained the greatest loss among major counties, while Tooele has fared quite well, Table 1. In Wasatch County employment is down 10.7 percent in the past year, while Tooele County’s decline is only one-tenth of one percent. Of course Salt Lake County leads in total number of jobs lost with a nearly 31,000 decline over the past 12 month period.

Utah's Economy
Washington County Commercial Real Estate Market Year End 2009

01/13/10

WASHINGTON COUNTY

Commerce Real Estate Solutions
Summit County Commercial Real Estate Market Year End 2009

01/13/10

SUMMIT COUNTY

Overview

- Although the economic slowdown had broad impact on the Park City commercial real estate market in 2009, the area fared better than most resort towns.

- New construction remains at a standstill, but residential real estate saw a slight increase in acti

Commerce Real Estate Solutions
Weber, Davis County Commercial Real Estate Market Year End 2009

01/13/10

WEBER COUNTY

Commerce Real Estate Solutions
Utah County Commercial Real Estate Market Year End 2009

01/13/10

UTAH COUNTY

Commerce Real Estate Solutions
Utah's Economy: December 2009

01/13/10

We are beginning to see signs that the Utah economy is beginning to stabilize; monthly losses in employment are shrinking, unemployment claims are dropping, and permits for new homes are up. At the national level the stock market had an incredible year in 2009, the Christmas retail season was better than expected, and housing prices have managed slight increases in many urban areas. It still appears, however, too early to call it bottom for the commercial real estate sector, nationally or locally.

Commerce Real Estate Solutions
U.S. Rental Housing Characteristics: Supply, Vacancy, Affordability

01/04/10

The aim of this working paper published by HUD is to document key empirical facts on U.S. rental housing market conditions – reporting both current conditions (as of second quarter 2009) as well as notable historic trends.

Utah Housing Coalition
A Look at Foreclosures

12/14/09

By Bob Springmeyer

Bonneville Research
Utah's Economic Indicators 2009-11

12/11/09

In November the Revenue Assumption Committee released projections of Utah’s major economic indicators, Table 1. These projections show that by 2011 the number of jobs in the Utah economy will increase by about 20,000. Welcome news after two years of serious decline. If the national economy is through shedding jobs, as the recently released November employment numbers suggest, a turnaround for the Utah economy should be on track for 2011.

Commerce Real Estate Solutions
Commercial Real Estate Outlook 4th Quarter 2009

12/08/09

Commercial Real Estate Mired in Quicksand despite Signs of Economic Recovery

The third quarter of 2009 brought signs of relief to a U.S. economy fighting to emerge from what has been coined the Great Recession. Most measures of economic activity moved in upward trends—gross domestic product turned positive after four quarters of decline; industrial production gained; stock market indices have been surging.

National Association of Realtors
Utah's Weak Job Market Persists

11/17/09

Utah’s employment conditions remain very weak, particularly given Utah’s historic position as a high growth state. Employment over the past year has declined by more than 51,000 jobs and the Utah Department of Workforce Services is projecting the state will lose close to 55,000 jobs in 2009.

Commerce CRG
2010 Emerging Trends in Real Estate

11/16/09

After more than a year spent in suspended animation lagging already shattered housing markets, the commercial real estate industry hits bottom in 2010, suffering a surge of painful writedowns, defaults, and workouts. Massive government infusions finally build up loss reserves in financial institutions to levels allowing them to foreclose or strike deals with many overleveraged borrowers.

2010 Emerging Trends

Reports

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