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.”
2) Provo-Orem, UT
5) Salt Lake City, UT
10) St. George, UT
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).