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Utah Ranks Third in the Nation for Housing Growth

Utah Ranks Third in the Nation for Housing Growth

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SALT LAKE CITY (AP) -- Utah's housing growth outpaced almost every other state in the nation.

That's according to a report released today by the U-S Census Bureau.

The report shows Nevada and Arizona are the only two states that grew faster than Utah from July 2003 and July 2004. Utah gained more than 21-thousand housing units during that year.

Robert Spendlove from the Governor's Office of Planning and Budget says the value of total permit-authorized construction in the state hit an all-time high of four-point-nine (B)billion dollars in 2004.

Washington County Economic Development Director Scott Hirschi cautioned that the current rate of growth has its negative side effects including less affordable housing for a growing work force.

According to the census bureau, Washington County was ranked 16th in the nation.

(Copyright 2005 by The Associated Press. All Rights Reserved.)

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