Current slowdown in Utah's home building industry quickly becoming the worst in the state's history

January 2009
Enterprise/Salt Lake City;1/5/2009, Vol. 38 Issue 28, Special section p9
The article reports that as of January 2009, Utah's home building industry has become the worst in history. According to "Utah's Economy," the decline is consistent with the those of other states. The industry reached its peak in 2005 when permits for new residential construction reached 28,25 but fell to 11,000 in 2008. The article adds that despite falling construction jobs by 30% in other economic contractions, the loss of construction jobs in Utah has only reached 15% in 2008, although predictions that the contraction will reach 2010 are high.


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