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Show FREE PICKUP & DELIVERY Paper Banners Screen Process Graphic Design Magnetics & Decals Convention Signage Machine Showcards 2365 So. Main Home Building Up 27 New residential construction in the greater Salt Lake area reached 290.2 million dollars in 1976 according to The Home Builders Association of Greater Salt Lake. The 8,202 units built in 1976 represent a 27 increase over the 6,409 con- structed in 1975. The $290 million in new construction represents work for over 20.000 men and women and makes home building the single largest industry in Utah. The Association estimates total Utah construction market value to be $650.2 million. President of the Association, Fred Paulson, said that builders paid permit fees of $967,879 in 1976, a record high for the industry. In addition to paying for the required services, this nearly million provides excess revenues of about $420,000 he added. Paulson, also president of United Homes, said that rising construction cost is the primary concern of $1 every builder. He fears that housing needs will increase if the public permits continuing regulation to add to the cost of housing making it impossible for young and low income families to buy homes. ORIGINAL OIL PAINTINGS BY FRANK ERICKSON AND OTHER NOTABLE ARTISTS. OPEN MON.-SA- T. 1:00-6:0- 0 p.m. 467-960- 1 GUARDIAN E.S.S. Electronic Securities System Division of Police & Security Equipment Corporation 3509 So. 2910 West, SLC (801) 972-673- 1 Regulatory decisions taxing the building industry to pay for parks, water, schools and other public facilities is a primary factor in housing costs. The probsaid lem as we see it, Paulson, is one of where to The easy levy taxation. answer is on housing. We are required to pay for paving streets, sidewalks and other improvements that are related to population but the automobile needs industry that causes us to need streets has no special taxation to support the cost of new streets in our developments. All of the side benefits are paid for by the buyers of new homes and the result is increased cost in the production of housing. Paulson stated that the economic "roll on effect of housing is not possible to compute at this time, but the Association is working to develop data that is reasonably accurate. He estimates to be at least the add-o- n double, resulting in over $600 million value to the local area economy. |