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Salt Lake City, UT View area description and map

 

Market Hotness

4.4

12 mos. permits per 1,000 residents

Last update Sep '09Sources and methods - click for more info

Job Growth

-4.6%

Annual rate last 4 quarters

Last update Sep '09Sources and methods - click for more info

Res. Permits

33%

YTD change vs. prior year

Last update Sep '09Sources and methods - click for more info
 

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2008 Local Leaders

Salt Lake City Market Area

  • Market Rank: 24
  • Total Permits: 6,995
Rank Parent Company/Company Closings Market Share
1 Ivory Homes 669 9.6%
2 M.D.C. Holdings/Richmond American Homes/Salisbury Homes 369 5.3%
3 Woodside Homes 322 4.6%
4 Garbett Homes 288 4.1%
5 Trophy Homes 206 2.9%
6 Fieldstone Communities/Fieldstone Homes 191 2.7%
7 Holmes Homes 169 2.4%
8 Hamlet Homes Corp. 166 2.4%
9 D.R. Horton 163 2.3%
10 Destination Homes 151 2.2%
Top 10 Total Market Share 2,694 38.51%

Salt Lake City courtesy of Metrostudy
*Estimated

 

Salt Lake City Permits

Percentage change year over year

  Single Family Multifamily Units  
  Permits Chg. 2 Units 3-4 Units +5 Units All Multi Chg. Total Units Chg.
9 Mos. 2009 1,205 -21% 10 50 2,780 2,840 +87% 4,045 +33%
2009 3Q 528 +13% 6 27 731 764 +22% 1,292 +18%
2Q 447 -27% 2 6 962 970 +82% 1,417 +23%
1Q 230 -47% 2 17 1,087 1,106 +210% 1,336 +69%
2008 4Q 336 -33% 6 17 725 748 +222% 1,084 +48%
3Q 469 -51% 8 20 599 627 +4% 1,096 -30%
Annuals                  
2008 1,810 -58% 34 87 2,153 2,274 +14% 4,084 -35%
2007 4,287 -35% 56 112 1,823 1,991 +71% 6,278 -19%
2006 6,556 -8% 62 138 962 1,162 -45% 7,718 -16%
Last update Sep '09Sources and methods - click for more info
 

Market Hotness Trend

12 mos. permits per 1,000 residents

Sep '09

4.4

Last update Sep '09Sources and methods - click for more info

Density Information

Calculated per square mile

Q2 '09Q2 '08Chg.
Population120.71118.282.1%
Housing Unit42.0041.471.3%
Market Density Index (MDI)
Total Permits0.530.4810.4%
SF Permits0.160.25-36.0%
MF Permits0.380.2272.7%
Last update Sep '09Sources and methods - click for more info

Existing Housing Stock

400,634

Salt Lake City, UT

Last update Sep '09Sources and methods - click for more info

Population

Based on Census Bureau estimates

Sep '09

1,151,437

Last update Sep '09Sources and methods - click for more info

Construction Trends

Share of permits by dwelling type

9 Months '09Share
Single-Family30%
Multifamily70%
2004-2008Avg.Share
Single-Family71%
Multifamily29%
Last update Sep '09Sources and methods - click for more info
 

Salt Lake City Employment Trends

Employment numbers in thousands

Employment Sector No.of Jobs Last 1 Year Change Last 1 Year Job Growth Last 2 Years Change Last 2 Years Job Growth
Total 613.9 -28.4 -4.6% 2.6 0.4%
Construction 35.9 -10.2 -28.4% -4.4 -9.5%
Manufacturing 53.1 -4.2 -7.9% -1.0 -1.7%
Trade 96.4 -5.8 -6.0% 1.4 1.4%
Information 17.0 -0.6 -3.5% 0.3 1.7%
Financial Activities 49.3 -1.7 -3.4% -0.7 -1.4%
Services 234.9 -6.4 -2.7% 4.7 1.9%
Government 97.7 1.5 1.5% 3.2 3.3%
Unemployed at end of period (rate) 19.0 3.1% 15.6 2.6%
Last update Sep '09Sources and methods - click for more info