Salt Lake City had the highest residential construction rate in the nation in 2018.
Since then, it has seen a large decrease in its residential market construction volume, and this decrease is expected to continue into Q4 of 2019. The education and manufacturing sectors are set to be the only two market sectors with a positive impact on the market in Salt Lake City this quarter, and these two sectors are expected to see continued growth in the next year as well. Commercial construction will experience a slight decrease in growth but has a lot of potential for future developments. Looking ahead, this downturn should begin to rebound in 2020 and could break back into positive growth in 2021.