CALL INFO LINE: 801-859-6555
 Welcome to the FreeUtahHomeSearch.com Blog

2017-04-16 09:49:56
Population Growth Shifting Out of SL To UT County

Population growth shifting out of Salt Lake to Utah County

New census numbers indicate that the epicenter of Utah's population growth is shifting from the state's capital to the booming Utah County just to the south, where tech jobs are helping to draw new residents.

 

By Jasen Lee  |  Posted Apr 15th, 2017 @ 8:03pm

 

In 2011, net in-migration totaled 2,300 people, he said. By 2014 net in-migration rose to 6,000, and in 2016, net in-migration had increased to 25,000, he noted.

Spendlove said the fact that so many people are choosing to come to Utah is a strong indicator of the state's economic vigor.

'We've had explosive growth in our population because our economy was so strong,' he said. 'If we have a really good economy, then we're going to have more people moving into the state than moving out.'

With projections for the next major population milestone just 17 years away, he said Utah will likely face challenges meeting infrastructure, public education and transportation needs that will be required to accommodate so many more people. Also, housing affordability will be a concern along the Wasatch Front due to labor shortages in the residential construction sector, which is already struggling to meet the demand for new homes and apartments, he said.

'It is not going to be easy, and it is essential for policymakers to be planning for (the growth),' Spendlove said. Despite the concerns, the problems Utah will face are the kinds of issues many other states would love to have rather than the economic strife some Midwest and Rust Belt states are dealing with, he added.

'I'd much rather have Utah's struggles than Michigan's struggles,' he said, noting the problems of growth are better than the problems of decline.

'Our employment growth is the second highest in the country, and we've been in the top 10 in employment growth for the past several years,' Spendlove said. 'Our unemployment rates is one of the lowest in the country, which are signs of a very strong and healthy economy.'

 
Blog Archive
2017-04-16 09:49:56
Population Growth Shifting Out of SL To UT County

2017-04-16 09:49:01
State’s economy fueling population growth

2017-03-10 16:03:59
CNBC ranks Utah No. 1 state for business

2017-03-08 10:24:12
Toughest & Easiest States for 1st Time Home Buyers

2017-01-04 10:39:50
Housing Market 2017: The Positives & Negatives

2016-06-14 10:31:17
Salt Lake Monthly Housing Report

2016-05-20 15:42:35
Who Pays the Highest Property Taxes?

2016-03-31 15:49:40
Cities to Watch: 2016's Fastest-Growing Places

2016-03-29 13:19:08
Salt Lake Quarterly Housing Report

2016-01-28 08:37:27
Park City 2015 Year-end Statistics Press Release

2016-01-18 10:50:31
5 Things to Never Say When Selling a Home

2016-01-11 11:46:49
The ‘Missing Link’ in Housing

2015-12-23 12:08:43
5 Real Estate Trends That Will Dominate 2016

2015-12-15 10:56:50
How Will Higher Rates Affect Housing?

2015-12-04 10:39:02
Big Expectations for Housing in 2016

2015-12-01 10:07:30
6 ‘Tacky’ Home Décor Trends

2015-11-10 11:31:23
Home Buyers Don’t Need to Fear

2015-10-28 09:48:58
Home Prices Rising at Faster Pace Than Inflation

2015-10-20 15:23:54
Scammers Using New Chip-Based CCs as Fresh Phishin

2015-10-09 10:13:25
3 Home Inspection Deal-Breakers

2015-10-06 14:42:40
The Next Three Months: Best Time to Buy

2015-09-17 10:30:01
How High Will Mortgage Rates Actually Climb?

2015-09-11 14:14:05
Best Day of the Year to Buy a Home

2015-08-24 08:28:04
Home Resales at 8-Year High as Buyers Act Before M

2015-07-31 11:21:43
Utah Economy Newsletter June 2015 Now Available

Click here to see ALL articles.


Comment on this Article

Your Name:
Your Email:
Comments:
Verify:  Please enter the numbers shown to help eliminate spam.