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2010-03-18 11:32:26
Building Permits UP!
Building permits up in Salt Lake, Summit counties
March 18th, 2010 @ 10:42am

SALT LAKE CITY (AP) -- Some parts of Utah are weathering the recession without significant job losses or real-estate troubles, according to a leading Utah economist.

Jim Wood says Tooele County, with more than 15,000 non-farm jobs, lost only 17 jobs over the past year, while the full state lost 65,000.

Wood is head of the University of Utah's Bureau of Economic Research.

He says residential construction has barely slowed down in Summit County, home of three Park City-area ski resorts. Residential building permits were up by nearly 80 percent there in 2009.

Salt Lake County lost some jobs but permits for apartment construction were up by a third in 2009.

Wood's report is a snapshot of the uneven effects of the recession on Utah. He prepared it for Commercial Real Estate Solutions.

(Copyright 2010 by The Associated Press. All Rights Reserved.)

 
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