Show Housing Boom Forecast For Davis New housing units are expected expected expected ex ex- to average a year during the in Davis County as compared with a similar number during each ench of the past two years according according according accord accord- ing to H. H M M. Calvert chairman chairman chairman chair chair- man of the Research and Trends Committee of the Uta Utah h Savings and Loan League MR CALVERT in researching research research- ing trends for the Utah Savings Savings Savings Sav Sav- ings and Loan League whose members provide approximately approximately approximately 50 percent of the financing for home construction construction construction tion in Utah said the most crucial element with respect to housing in the county is employment Employment is the significant significant significant thing he said If a person cant can't find a job in Davis County hell he'll move elsewhere IRRESPECTIVE of new family formations and college graduates if we dont don't find jobs for them well we'll be deporting deporting deporting de de- de- de porting families from Utah he added A big employment factor in Davis County especially the northern part of the county is Hill There was an abnormal increase in employment from 1965 to 1967 in the county however because a great deal of the employment is tied to Hill Air Force Base the swing could be in the opposite direction di direction direction di- di as indicated by a sharp decline in 1968 A BIG increase in the Dum Dumber number number num- num ber of young adults and the formation of new families is expected to create an unprecedented unprecedented unprecedented un un- un- un demand for housing in m the on a national scale Davis County will participate participate participate pate to a degree in the housing housing housing hous hous- ing boom the savings and loan executive asserted Mr Calvert sees a shortage of capital for some years to come because there will be proportionately more people in the spending and borrow borrow- I ing ages than Ulan in savings ages People generally save more between the ages of 45 and 65 he said Most families are borrowers not savers while in their and THE W WASATCH ASA Front area is expected to see a 17 percent percent percent per per- cent gain in m population in inthe inthe inthe the next 10 years as compared compared compared com com- pared with 14 percent over the entire Rocky Mountain area Based on this growth factor factor factor fac fac- fac- fac tor and counting on a steady employment record at Hill Air Force Base Davis County should have excellent excel 1 lent growth Mr Calvert said EMPLOYMENT increases from year to year will be bevery bevery bevery very just as its it's been in past years depending when new industries locate in Davis County or upon expansion programs launched by firms already there Mr Calvert said This is what makes homebuilding a complex and ever changing business and what accounts for the fluctuation fluctuation fluctuation in residential real estate values |