Friday's Metro Business Report



Estimated read time: 1-2 minutes

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THIS IS LARRY MANKIN, PRESIDENT OF THE SALT LAKE CHAMBER, WITH YOUR METRO BUSINESS REPORT

According to the Utah Association of REALTORS®, there was a nine percent overall increase in the number of single-family homes sold in Utah during the second quarter of 2002 over last year. The average price of a home in Utah (excluding Park City) is $159,343 dollars. This is two percent higher than last year. The average price for a home in the Salt Lake area is $187,594 dollars. This is three percent higher than last year. The average price for a condominium in Salt Lake is $136,161 dollars--up ten percent from last year.

According to the Bureau of Economic and Business Research at the University of Utah, Permit-authorized construction activity in Utah, especially nonresidential construction, declined sharply during January, February, and March. Total permit valuation was at $767.1 million dollars--down 21.4 percent over 2001. This is the lowest 1st quarter valuation since 1997.

Here’s a Chamber History Fact: The Chamber’s Business to Business Expo grew out of its Business After Hours networking event. The first Expo was in 1989 and was called the “Business After Hours Trade Show.” The Expo now draws about 350 exhibitors and 14,000 attendees each year.

Make sure you set aside September 14th for the Chamber’s Century Celebration Gala. Also set aside November 7th for the American Express Women and Business Conference. For more information, call the Chamber at 328-3631 or see us on the web at saltlakechamber.org.

THIS IS LARRY MANKIN FOR KSL NEWSRADIO 1160.

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