2 Utah cities on list of improving home markets | The Salt Lake Tribune
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2 Utah cities on list of improving home markets
First Published Feb 06 2012 03:33 pm • Last Updated Feb 22 2012 11:15 am

The Salt Lake and Provo metropolitan areas have been added to a national list tracking housing markets that are on the upswing.

The National Association of Home Builders says the two areas have rebounded from the depths of the recession in housing permits, employment and house prices for at least six consecutive months.

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Association data show Salt Lake home-building permits have grown 2.3 percent since their trough in March 2009. Home prices have increased 0.4 percent since their low point in March 2011, and employment is up 3.6 percent from its trough in February 2010.

Other economic gauges show prices are still falling.

Provo fared better. Home building permits are up 2.7 percent, prices are up 1.1 percent and employment has risen 4.6 percent from the lowest points.

Nearly 100 U.S. metro areas are on the list.



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