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Show Enterprise Review , June 9, 1976 Page 4b Building is Booming Transport Installs Officers The annual installation banquet for the tranportation fraternity. Delta Nu Alpha was held Thursday at the Hidden Valley Country Club. Otis Winn, managing director of Utah Motor Transport Association was presented the Transportation Man of the Year" Award. Outgoing president John Geigle made the presentation. New officers for the year are: Hoyd Johnson, U and I Sugar, president; Gene Ham, Motor Cargo, first vice presi -- dent; Pat Farley, M & G Truckline, second vice president; Wes McKnight, L.D.S. Church, secretary. Delta Nu Alpha is organized primarily for the education of individuals in the The Bureau of Economic and Business Research at the University of Utah reported this week good news for Utah building supply firms, landscapers and even fencing salesmen: Homebuilding bus- transportation industry to iness is booming, the Bureau make them more knowledge- able about their work. said. And so is the business of residential They are involved in a variety of education activities including career days, BICEP and high school career opportunities in transportation. remodeling and repair. Despite the good news, however, new nonresidential construction was down slightly in the first quarter of 1976 as compared with the same per iod a year though, Overall, ago. d permit-authorize- throughout the state staged an upturn of construction state increased 36.4 percent-fro- m the 2,508 to 3,422-ov- er same period of 1975. Multi-famil- y dwelling percent, units w ere up 140 percent this approximately reaching a total dollar value of year over last, reversing a $129.6 million - a record high decline which began in 1973 first quarter, surpassing the and continued through 1974 same 1975 period by $32 and 1975. Even so, the figure million and the previous high is still far below that of 1972, first quarter (in 1974) by $14.7 Utah's big condominium million. year, when 2,218 such units During the first quarter of were built. The number of y 1976, the number of new units in housing 832 this year rose to dwelling units authorized for projects construction throughout the from 347 in 1975. 33 multi-famil- Residential Value Value of the first quarter housing construction rose 57.2 percent this year over last, from a dollar volume of $58.6 million to $92.1 million. While part of this increase in valuation can be attributed to rising costs for both material and labor, the Bureau said at least a portion is attributable to the building of larger, more luxurious homes within the state. Impressive as the figures for new home construction are. the increase in value of residential additions, alterations and repairs is even greater up 84 percent for 1976 compared witn last year. Additions, alterations and repairs to nonresidential building were also up in the three-mont- h period, but by only 15.4 percent, while the increase in value for both residential and nonresidential improvement projects rose 35.7 percent. The dollar value of new nonresidential construction f i.' : ' i, Everybodys got the deepplush carpets, the wood paneling and the chandeliers. In all but eight of Utahs 29 counties, value of total construction rose this year over last. On the high side, Piute County showed a 600 percent gain, while the greatest decline wras percent registered in Sevier County. But Piute and Sevier Counties are both low volume areas, the Bureau report said, accounting for only .2 percent and 1 .0 and at the most reasonable rates. percent, respectively, of the state's total construction value for the period. Working with us is a pleasant experience. We're experts in as well as in making First Mortgage dealing with people I Loans. FI A. VA and Conventional. You and your buyers will enjoy dealing with us. We put the real in Realtor. We validate your parking. And we also have the deep plush carpets, the wood paneling and the chandeliers. Come in. Let's get acquainted. - Of greater significance, is activity in the Wasatch Front and Mountainland First Mortgage Loans FHA, VA and Conventional Telephone Multi-Count- y Planning Districts. Combined, these tw'o districts accounted for 83.5 percent of Lombard Mortgage and Thrift . filin' Concentration of Activity We give you service. Fast, personal, Suite 500 Continental Bank Building Salt Lake City, Utah 84101 1 declined from $30.9 million in the first quarter 1975 to $26.4 million for the same period in 1976. But the value to total construction rose 32.8 percent. (801)532-742- 4 1st HUM MUMS LENDER the state's total construction value in the 1976 first quarter. More specifically, the 1,568 new dwelling units authorized for Salt Lake County amounted to 45.8 percent of the states total (3,422); and value of total construction in Salt Lake County ($58.9 million) represented 45.5 percent of the state's total. In Utah County, the number of new dwelling units increased from 400 last year to 770 this year for a 92.5 percent gain. Those 770 units accounted for 22.5 percent of the statea total number of new housing units, and the value of total construction in the county ($23.6 million) was percent of the state total. 18 |