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Show Construction in county increases Construction activity in Davis County rose during 1986, countering counter-ing a downward trend in Utah as a whole, says a year-end report from the University of Utah Bureau of Economic and Business Research. Total construction in Davis County housing, nonresidential, construction, repairs and additions - Increased by 15.8 percent between be-tween 1985 and 1986 to $176.1 million. mil-lion. Davis saw a 32 percent increase in nonresidential construction during dur-ing the year for a total valuation of $26. 1 million. The county reported 2,293 housing starts, 22 percent more than in 1985. The value of residential construction rose 15.5 percent to $140.9 million. During 1986, total construction throughout Utah declined. Valuation Valua-tion for 1986 dropped to $1.32 billion, bil-lion, an 8.5 percent decline from the 1985 total of $1.44 biUion. The state experienced a decrease de-crease in nonresidential construction construc-tion by 22.5 percent while housing valuation rose 1.3 percent. Because of lower mortgage interest in-terest rates, construction of single-family single-family housing units increased. Multi-family housing continued to decline with only three major projects pro-jects authorized throughout the state. "It appears that construction activity in 1987 will be below that experienced in 1986," the report says. Construction of single-family units will remain about the same while construction of multi-family units will continue to decline. Nonresidential construction will also decrease during 1987 due to an "abundance of office space" and new tax laws that will "lessen the incentive to invest in nonresidential nonresiden-tial structures," says the BEBR. |