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State Associations and Agencies
Stay informed directly by the source. On both the national and state levels, our Associations & Agencies section is the place to find the latest news and information impacting the housing industry. Press Releases and Notifications are posted as they are released by industry associations and regulatory agencies.
Check back often. This comprehensive directory of Professional Associations and Regulatory Agencies is state specific and will provide the information you need. For direct access to these organizations just click any of the links above.
The National Associations page covers Professional Associations and Regulatory Agencies links in addition to the latest press coverage from respected sources including NCSHA, MBA, NAR, NAMB, Fannie Mae, FHA and many more.
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| Greater Salt Lake shines as “a bright spot” in struggling economy |
| Tuesday, 15 November 2011 10:14 |
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Metrostudy Report - Salt Lake City, UT– November 1, 2011 - In the Greater Salt Lake market, job growth and positive signs in the housing market indicate potential improvement in 2011, according to a recent report by Metrostudy, a national housing data and consulting firm that maintains the most extensive primary database on residential construction in the US housing market. Over the past 12 months, there have been a total of 22,600 new jobs created in the market, which is an annual growth rate of approximately 2.3%. “While the national economy remains weak, there are a few bright spots, one of which being the Greater Salt Lake market. The Greater Salt Lake market has recently been highlighted by many economists as one of the healthiest markets across the nation,” said Eric Allen, director of Metrostudy’s Greater Salt Lake Division. Annual new home starts for the Greater Salt Lake market totaled 4,577 as of 3Q11, which is a 10% decrease compared to the annual pace last year at this time. Annual new home closings have also declined, to a total of 4,743, which represents a 27% decrease compared to last years pace and 5.2% from last quarter. “However, when comparing quarter over quarter, new home starts have shown improvements,” said Allen. During the 3rd quarter, builders started 1,443 new homes, which is an increase of 22% compared to 3Q10, and 43% above last quarter (2Q11). “At this time last year, the market was benefiting from the surge of the tax credit, therefore new home closings were much higher than today, thus resulting an increase in the supply of homes,” said Allen. The number of finished vacant single family homes has decreased just over 27% compared to last year to 532 homes; however the supply has remained nearly unchanged at a low 1.9 months. “The Greater Salt Lake market is receiving much praise as being one of the strongest and most healthy markets around the country, and the results are beginning to resonate throughout the housing market,” said Allen. For information contact: |
