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Show Residential Construction Rises In Most Davis Cities By TOM BUSSELI1ERG SALT LAKE CITY -- Except Ex-cept for three of the county's smaller cities, residential construction con-struction appears on the rebound, re-bound, surpassing last year's levels, a recently-released University of Utah report indicates. indi-cates. DRAMATIC rises over an admittedly bad 1982 were registered reg-istered in all but North Salt Lake, Sunset and Syracuse while the county on average saw more than a 100 percent jump, the permit authorized construction report for January-March, "Homebuilding Rebounds" indicates. It ranged from a high of 899 percent increase in Woods Cross, with four dwelling units approved, to Bountiful's 86, raising level there by more than six times last year's with Farmington registering a fourfold four-fold jump, West Bountiful up more than 550 percent and West Point 740 percent. SINGLE-FAMILY detached houses continued to dominate, although by less than a two- thirds margin in residential units, un-its, ranging from only II percent per-cent of construction in the unincorporated un-incorporated area and Bountiful Bounti-ful to all residential units in Woods Cross, West Point, Syracuse, Kaysville, Fruit Heights, Farmington, Clinton and Centerville. Clearfield saw barely over half of its units go into single-family single-family while only a third of North Salt Lake's included single-family. Layton, on the other hand, reflected more than four-fifths in single-family, single-family, the report notes. THREE HUNDRED twenty-five twenty-five dwelling units were approved in the quarter, 201 of them for single-family houses, or better than one in eight units statewide. Research Assistant Kristin Stark reports just over 2,500 new dwelling units were authorized autho-rized across the state, the highest high-est first quarter total since 1979, and at $1 14 million a 100 percent-plus jump from last year. NON-RESIDENTIAL building, build-ing, though, saw a drop of more than one-third over the 1982 similar period, at about $39 million authorized. Although that's the lowest first quarter total since 1976, although total building rose by more than one-fourth overall, Ms. Stark writes. Thanks to lower interest rates, mortgages are getting easier to obtain, raising the possibility for more housebuilding. house-building. THE SINGLE family house market is the first to drop out of the demand because generally gener-ally families with limited financial finan-cial resources are opting for such construction, she says, while apartment and condominium condomi-nium projects generally are backed by greater money sources. "Unusually high growth" in residential construction has occurred in such areas as Bountiful, Logan, West Jordan, Jor-dan, Sandy, Orem and Roy, along with unincorporated Weber and Salt Lake counties, the report says, while Summit and Uintah counties saw drops along with Layton and Provo. THAT residential growth was reflected all over the inter-mountain inter-mountain region except in Wyoming, although Arizona, with about double Utah's population, led by far, with six times the number of dwelling units okayed so far, followed closely by Colorado. Nevada and New Mexico, both with substantially smaller populations, popula-tions, also outranked Utah while the Beehive state recorded re-corded nearly double the units of Montana and well above that for Idaho and Wyoming.. The drop in non-residential construction isn't unusual, Ms. Starks says, noting nonresidential non-residential building often runs counter-cyclical to residential, with a fast-growing economy generally producing more commercial activity. LOOKING TO the future, Ms. Starks says, "new home building will continue to increase in-crease throughout the year with the stabilization of interest in-terest rates. The year-end total for new dwelling units this year will be between 10-12,000" vs. about 7,500 for 1982. |
