Utahs Housing Update Dejan Eskic Senior Associate 3

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Utah’s Housing Update Dejan Eskic, Senior Associate 3 -25 -2020

Utah’s Housing Update Dejan Eskic, Senior Associate 3 -25 -2020

GDP Forecast: Hard Fall, Quick Rise 15, 0% 10, 0% 5, 0% 0, 0%

GDP Forecast: Hard Fall, Quick Rise 15, 0% 10, 0% 5, 0% 0, 0% -5, 0% -10, 0% -15, 0% -20, 0% -25, 0% -30, 0% Q 1 Q 2 JP Morgan Kem C. Gardner Policy Institute Q 3 UBS Q 4 Goldman Sachs DAVID ECCLES SCHOOL OF BUSINESS UNIVERSITY OF UTAH

Mortgage Rates Tick Up 3, 90 3, 84 3, 65 3, 70 3, 60

Mortgage Rates Tick Up 3, 90 3, 84 3, 65 3, 70 3, 60 3, 50 3, 40 3, 30 3, 29 3, 20 3, 10 3, 00 июн-19 июл-19 авг-19 сен-19 окт-19 ноя-19 дек-19 янв-20 фев-20 мар-20 Source: Freddie. Mac. Kem C. Gardner Policy Institute DAVID ECCLES SCHOOL OF BUSINESS UNIVERSITY OF UTAH

Thousands Median Sales Prices Stay Strong (Existing Sales), Utah $400 $365 $350 $300 $274

Thousands Median Sales Prices Stay Strong (Existing Sales), Utah $400 $365 $350 $300 $274 $250 Single Family мар-20 фев-20 янв-20 дек-19 ноя-19 окт-19 сен-19 авг-19 июл-19 июн-19 май-19 апр-19 мар-19 фев-19 янв-19 дек-18 ноя-18 окт-18 сен-18 авг-18 июл-18 июн-18 май-18 апр-18 мар-18 фев-18 $150 янв-18 $200 Condo/Townhome Source: Utah. Real. Estate. com. Kem C. Gardner Policy Institute DAVID ECCLES SCHOOL OF BUSINESS UNIVERSITY OF UTAH

Total Units Permits Start Strong, March Lags, Utah 2500 2000 1500 1000 500 0

Total Units Permits Start Strong, March Lags, Utah 2500 2000 1500 1000 500 0 January February March* Total Units Permitted * March data through the 20 th. 2019 2020 Source: Construction. Monitor. Kem C. Gardner Policy Institute DAVID ECCLES SCHOOL OF BUSINESS UNIVERSITY OF UTAH