OCR Text |
Show Housing starts are up Utah County and its communities authorized 740 new housing units during the first six months of 1984, a 37 percent increase over the same period in 1983, reports the Bureau of Economic and Business Research at the University of Utah. However, the value of all new construction in the county - including in-cluding home building, nonresidential non-residential projects and remodeling - was down 9.9 percent compared to the first six months of last year. In home building, the biggest increases came in Provo, which granted permits for 317 new units between January and June; Orem, which authorized 217 new units, and American Fork, which granted 35 new home permits. . . The figures appeared to: -signal, continuation of a Utah housing recovery that began in 1983. However, the BEBR says home building slowed in April, May and June as mortgage interest rates began rising. The BEBR also reported that for the first time since construction records have been kept, the number of apartment and condominium units being built in Utah is outpacing out-pacing the number of single family homes. The move to apartments and condominiums, especially in Salt Lake County, has been a long-term trend that now appears to be taking hold in Utah, say BEBR analysts. In 1977, multi-family units made up 18 percent of new housing. By 1983, the figure was 35.7 percent. Between Bet-ween January and June, the multi-, multi-, family share rose .to. 5.04 percent. -Utah County-had a 66.1 percent increase in the value of non residential construction for the six-month six-month period, compared to a 69.6 percent rise statewide. INSTITUTE CLASSES START The Provo Central LDS Institute has announced the beginning of its fall schedule Sept. 27. Registration and an open house will be held Wednesday, Sept. 26. The Institute classes are scheduled for day-time students as well as early morning and evening classes. Topics will include Celestial Marriage, Living Prophets, Life of Christ, Old Testament and Doctrines of the Gospel. Individuals interested in attending can call for a class schedule at 375-6784. 375-6784. The Institute is located on the main floor of the Continental Mini-Mall, Mini-Mall, 250 W. Center, Provo. |