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Show WIRO Houses brace construction stats HAS THE Thanks largely to a boom in the residential sector, total new construction in Utah during the first quarter of 1978 gained 5.1 percent over the first quarter a year ago. A Bureau of Economic and Business Research report shows permit authorized construction during the first quarter reached $256.3 million in value, compared to last years first quarter performance of $243.9 million. Residential units provided the strong support for the gain, the report notes. New dwelling units reached 5,496, up 14.6 percent over last years 4,794 units. Residential new construction registered $178.7 million in value, versus $147.3 million last year. The Bureaus report indicated that residential construction, accounting for 70 percent of total construction activity in the state during the first quarter, should continue strong for the balance of the year. The healthy local economy is responsible for the Casio Mini Card Calculator SO COMPACT IT FITS IN YOUR WALLET big button operation LCD display, 4 functions, independent memory wmonths long battery WIRO TRfcVia GOODS 4 GIFTS -- HANDBAGS -- LEATHER 152 South Main & Phone 5217111 Bank Cards Accepted Parking Validated Personal Service s. s ;. CHOICE OFFICE SPACE From $49.50 per mo. ' Fashion Place - w. Univest Corporation 1127 E. 3300 S. 9 4864)131 , TRY OUR QUICKIE HCATION $32 per night, double occupancy. w fr . . . The report said nonresi-denticonstruction fell 30.1 percent from the first quarter in 1977, from $83.3 million to this years showing of $58.1 million. It said the decline was largely due to the slackening housing markets strong performance. Especially important are employment, population and personal income, said the report. The Bureau projects population will increase 2.5 percent during 1978, that jobs will gain five percent and personal income will grow 1 percent. There are negative factors as well, however, that could potentially slow down g the pace of new residential construction. These factors include the threat of inflation, the level of short term interest rates, and its effect on mortgage fund availability, and the current level of unsold housing units. al in industrial building. Other types of expenditures non-resident- ial construction, 10-1- namely banks and professional buildings, gained substantially during the first period. Most of the growth in new construction, according to the report, came in the rural counties. The Wasatch Front actually experienced a .2 percent decline in total construction expenditures from the first quarter of 1977. record-breakin- t Property sales plummet Real estate sales dropped dramatically in the Salt Lake fell 23 percent in April, from $46.48 million to $35.81 million. Nevertheless, the pace of area in April from the levels established during March, and in some cases actually declined on a year to year basis, according to the Salt Lake Board of Realtors. residential sales remains well above year ago levels 37.4 percent above last Aprils $26.07 million. Last month saw 730 units trade hands, down from Marchs 919 but still above the year ago figure Total real estate sales last month came to $40.44 million, off 27.2 percent from Marchs total of $55.56 million, but still up 27.3 percent from last April, when total sales weighed in at $31.76 million. During the latest month, a total of 842 units traded hands compared to 1101 in March and 721 last April. of 633. The average price of a single family home lost ground in April, dropping to $49,055 or three percent from Marchs $50,576. Nevertheless, the latest average is still 19.6 percent above the year ago average Commercial real estate sales saw the greatest monthly decline, 60.8 percent, from Marchs $2.04 million to Aprils $800,380. Despite the drop, commercial property sales remain slightly ahead of year ago figures, 5.7 percent over last Aprils $756,938. Un- Multiple unit sales dropped 45.8 percent during the month, from Marchs $5.3 million to $2.87 million. The latest figure also represents a delcine of 24.5 percent from last April when multiple unit sales reached $3.8 million. The latest April saw 45 units exchange hands versus Marchs 79 and last Aprils 46. Residential home sales Real of $41,024. its traded in the commercial area came to 16 in the latest month compared to 38 in March and 15 last year. Estate Investment Opportunities PRIME PROPERTIES PREMIUM LOCATIONS AVENUE APARTMENT Income $9,600 year. Terms available. Zoned R-$90,000. This and 2 below are within 2 blocks of Temple Square! 152-1S- T 6. AVENUE APARTMENT Income $7,200 year. Terms available. Zoned R-$80,000. Adjoins above property. May be considered as a package. 148-1S- T IT 6. Get away from it all without going awayl You can, with a little help from Howard Johnsons. Through May, we're offering a weekend Quickie Vacation" for $32 per night, double occupancy. And that includes $10 in scrip money for our newly remodeled lounge and restaurant. So get away! Treat yourself to a Quickie Vacation this weekend. At Howard Johnsons, of course! 33R0 SOUTH AND 11TH EAST OFFICE OR RETAIL Bulld-to-su2,000 to 10,000 square feet. Total 1 .8 acres, zoned it, C-- 2. PARK CITY VICINITY A buy. Should $25,000. 31 Good Friday and Saturday nights only through May. Telephone 801 15210130 for information. Escape! To Howard Johnson's. The Seth 1 Home 122 West South Temple Salt Leke City, Utah 84101 WEST 3050 SOUTH s escalate. 40-AC- PARCEL DELUXE OFFICEWAREHOUSE Plush 2,300 square foot office space with adjoining 4500 square feet of warehousing. Lease at $1140 per month. Buy for $165,000. For additional information, or an appointment for on-si- te inspection, please contact Mark Coulam or Patty Sargeant. INVESTMENT ANALYSIS, INC. 3406 South Highland Drive Salt Lake City, Utah 84106 801-486-56- 69 |