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Show Page The Enterprise Review , August 4 , 1976 10b New Mortgage Company Opens Office in Salt Lake Housing Starts Level Off increase over 1975. Home builders in our area continue to exercise good judgement and restraint which keeps us in a healthy market condition, he said. Romney added that the president of the Home Builders Association of general construction pattern continued in the 1000 square Greater Salt lake. The upward trend in new foot to 1300 square foot sizes The cost of mortgage financing and reduced involvement of federal assistance are responsible for fewer housing starts in the Salt lake area according to Keith Romney, CDM is the third new specializing in home mort- mortgage company to begin gages recently opened in Salt operations in Salt Lake since Lake City. Capitilization Dev- June of this year. Other new are Mason-McDuffelopment Marketing (CDM) is companies and Colwell. Kissel located at 807 East South Temple. CDM is managed Mortgage Co. is expected to and staffed by local personnel open an office in Salt Lake and is owned by local stock- soon. We feel there is a real holders. Grant Afflect of Salt Lake growth pattern in Salt Lake, is president and Gary Unker, Unker said. Because of their also of Salt Lake, is vice religious background most Salt Lake people are very president and secretary. in We will specialize family and home oriented. home mortgages, Unker Thats why we chose Salt Lake said, and gradually work our City. We believe there will way into the commercial bus- always be a demand for new homes in the area. iness as well. A new mortgage company ee starts has levelled apartmentcondominiums with a total of 55 units. The total valuation of new construction in June is $23,432,000. The first six months activity showed a continued increase over 1976 for the same period. Starts in 1975 were 3,234 compared to the 3,900 units started to date in 1976. A study by Steve Featherstone executive vice president of the association, shows a projection of 7,000 units for 1976 or an approximate 11 percent If y ou want to keep your business moving, the Review can help. If youre running a business, you can't afford to be uninformed. The more familiar you are with your total business environment, the better able youll be to take advantage of its opportunities. Because the Review is a specialized publication, we can provide our readers with the most complete, accurate, and diverse reports about the Utah business scene. Growth centers, sales tips, retailing information, advertising analyses, real estate, finance, investment opportunities, industrv trends, legislation, management problems (and solutions) and more. It's all in the Utah Enterprise Review each week. Utah business is on the move. Move with it. SUBSCRIBE TODAY 1. SmmlL Yes, please send me the Utah Enterprise Review. Enclosed is an $24.00 check to cover my one-yesubscription. P.O. Box 11778, Salt ar Lake City, Utah 84147. i I i i I I i i Name i i I i Company Name. Address City i State. Zip this range representing about 36 percent of the total single family units being built. He said total dollar valuation to date in 1976 for new family dwellings is $126.0 million or an average of $33,000 per unit with single family units averaging about $36,800 per unit. off, Romney said, with 31 percent fewer starts in June than in the previous month of May. A total of 545 single family units were started in June; 26 duplexes and 10 KEEP IT MOVING! (two and three bedroom) with Increased Listings Bring Lower Sales The Utah Board of Realtors reported a decrease in real estate sales for the week A board ending July 30. spokesman said while the total number of properties sold increased by 21 properties, Sales for the week ending July 17 were: $7,370,568 for 149 properties. During the week of July 24, two commercial properties sold for $162,000, and 157 residential properties sold for total sales dropped over $6,419,348. Apartments and $385,000. duplex sales: six properties For the week ending July sold for $321,400. Vacant total sales were Lots: five properties sold for 30, $6,985,348 for 170 properties. $82,600. |