EDGEhomes Blog

Jun 25
2017

Top 10 Healthiest Housing Markets for 2015 include 3 Utah Cities




David Cobb presents top 10 healthiest markets and fundamental drivers nationwide and forecasts 1,080,000 starts, 504,000 new home sales in 2015

Cameron Powell Director of Sales at EDGEhomes states “It’s exciting to be a part of the Growth in Utah. Provo-Orem checks in as #2 and Salt Lake is #5 for Healthiest Housing Markets in the United States  for 2015. Buckle up for an amazing year.”
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2) Provo-Orem, UT

5) Salt Lake City, UT

10) St. George, UT

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Fundamental indicators driving growth for 2015 include:

  • Baby boomers are not getting younger, yet feel more confident to invest in new homes and/or discretionary home improvements.
  • Consumer confidence and sense of financial stability are more important now than jobs, unemployment or GDP to remodeling and replacement markets.
  • Postponed remodeling and replacement projects are coming due just as home equity and stock portfolios increase.
  • Housing demand is shifting to higher price points, and correspondingly, consumers are wanting better and bigger (but for volumes to increase, lower price options need to come back).
About Metrostudy
Metrostudy, a Hanley Wood company, is the leading provider of primary and secondary market information to the housing and related industries nationwide.  Established in 1975 in Houston, Metrostudy provides research, data, analytics and consulting services that help builders, developers, lenders, suppliers, retailers, utilities and others make investment and business decisions every day. To learn more, visit  www.metrostudy.com.

* DISCLAIMER: These figures are estimates and the real figures may be different based on the specific property and date. All loans are subject to credit approval.

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