Ivory-Boyer construction report

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Publication Type policy report
School or College David Eccles School of Business
Research Institute Kem C. Gardner Policy Institute
Creator Kem C. Gardner Policy Institute
Title Ivory-Boyer construction report
Date 2020
Description As this report reflects the first three months of 2020, the severe economic impacts of the COVID-19 health pandemic are not yet captured. Without knowing what lay ahead, based on first-quarter figures, one could have forecast 2020 as one of the best construction years on record. Total permitted construction value for the first quarter exceeded $2.5 billion, a record. This was led by a surge in the residential sector, with new permitted units increasing by 47.7% over last year, and a 46.5% increase in additions, alterations and repairs (Figure 1). However, as the impacts of the health pandemic continue to ravage the economy, we are likely to experience a 10% decline in residential construction and a 20% decline in commercial construction activity in 2020.
Type Text
Publisher University of Utah
Subject economics; public policy
Language eng
Series Ivory-Boyer real estate center
Rights Management (c) Kem C. Gardner Policy Institute
Format Medium application/pdf
ARK ark:/87278/s6k12zgr
Setname ir_kcg
ID 1670177
Reference URL https://collections.lib.utah.edu/ark:/87278/s6k12zgr