November 27th

In This Issue

Economic Snapshot


Economic Notes:



Utah’s Tier II Cities

2006 Population

  1. St. George – 66,905
  2. Layton – 63,832
  3. Taylorsville - 57,439
  4. Logan – 47,268
  5. Bountiful - 42,439
  6. South Jordan - 37,564
  7. Murray - 34,533

Source: US Bureau of the Census, Workforce Services, State of Utah, 2006

Utah’s Tier II Cities

  • The percent of residents 25 years and older that have completed high school was highest in South Jordan at 95.9 percent, and lowest in Murray at 87.7 percent. The state average was 90.5 percent.
  • The percent of residents 25 years and older that have completed a bachelor’s degree was highest in Bountiful — 35.6 percent, and lowest in Murray — 17.7 percent. The state average was 26.2 percent.
  • The average travel time to get to work was lowest in Logan —13.6 minutes, and highest in Taylorsville —26.1 minutes. The state average was 21.3 minutes.
  • The percentage of workers traveling to work alone in a vehicle was lowest in Logan —70.3 percent, and highest in South Jordan —81.8 percent. The state average was 75.5 percent.
  • The largest household size was in South Jordan — 3.81 persons, and smallest average household size in Murray —2.61 persons. The state average household size was 3.11 persons.
  • Median home value was highest in South Jordan — $279,460, and lowest in Logan — $148,648. The state average was $186,752.
  • The percentage of single family detached homes was lowest in Logan —40.6 percent, and highest in South Jordan —83.6 percent. The state average was 67.7 percent.
  • The median year households were built was oldest in Taylorsville — 1973, and youngest in South Jordan — 1992. The state average was 1976.

Source: US Bureau of the Census, ESRI, Bonneville Research, 2006

Note: The term "Tier II Cities" is used by Bonneville Research to distinguish a natural population grouping of cities, and represents no official or governmental designation.

This Weeks Leads:

  • Regal Cinemas, United Artists and Edwards Theatres
  • Regal Entertainment Group trades as Regal Cinemas, United Artists and Edwards Theatres.
  • The 540-unit chain operates locations throughout 40 states nationwide.
  • The movie theaters occupy spaces of 50,000 sq.ft. to 90,000 sq.ft. in malls, entertainment, lifestyle, mixed use and strip centers.
  • Growth opportunities are sought nationwide during the coming 18 months.
  • Typical leases run 15 years. Preferred demographics include a population of 100,000 within five to seven miles.
  • For details, contact:
    • Robert Crane
    • Regal Entertainment Group
    • 7132 Regal Lane
    • Knoxville, TN 37918
    • 865-922-1123, Fax 865-925-9754
    • Web site: www.regmovies.com
  • Barami
  • Barami operates eight locations throughout CA, GA, MA, NY and Washington, DC.
  • The stores, providing women with affordable, fashionable and quality clothing for professional and social occasions, occupy spaces of 2,000 sq.ft. to 3,000 sq.ft. in malls.
  • Growth opportunities are sought throughout MA during the coming 18 months, with representation by Advisors Retail / Boston Realty Advisors.
  • Preferred cotenants include Gap, H & M, Jasmine Sola and Victoria Secret.
  • For more information, contact:
    • Chris Mearn or Jason Weissman
    • Advisors Retail/Boston Realty Advisors
    • 715 Boylston Street, Boston, MA 02116
    • 617-375-7900
    • Emails: cmearn@bradvisors.com or jweissman@bradvisors.com Web site: www.advisorsretail.com.


Tier II Cities


Economic notes

This weeks leads

  • Economic Snapshot
  • Unemployment Rate - October 2006

    • Utah 2.5%
    • US 4.4%

    Year-Over Nonfarm Employment Growth

    • Utah 5.0%
    • US 1.4%

    Source: State of Utah – Workforce Services, 11/06

  • Grants
  • Encourage Minorities to Donate Organs!

    • Minority Organ and Tissue Donation
    • POSTED: 11/3/2006
    • ELIGIBILITY: Nonprofit and public agencies
    • $ AVAILABLE: $1,500,000
    • DEADLINE: 11/21/06 (LOI); 12/21/06 (Final)
    • CONTACT INFORMATION: Lawrence Agodoa, 301- 594-1932
    • DESCRIPTION: Funding to develop educational programs to increase the number of organs donated by minorities.

    Prevent Head Injuries!

    • Abusive Head Trauma Prevention
    • POSTED: 11/7/2006
    • ELIGIBILITY: Nonprofit and public agencies
    • $ AVAILABLE: $1,200,000 GRANTS AVAILABLE: 3 MAX GRANT SIZE: $400,000
    • DEADLINE: 1/22/07 (LOI); 2/21/07 (Final)
    • CONTACT INFORMATION: Phyllis H. Niolon, 770- 488-1362
    • DESCRIPTION: Funds to research and evaluate strategies for the prevention of abusive head trauma (AHT)

  • Economic Notes:
    • New Residential Construction (C20)

    • Housing starts decreased 14.6% to 1.486 million units in October. Housing permits decreased 6.3% during the month.
    • NAR Metro Prices

    • House prices are falling in the third quarter of this year. While some metro areas are still seeing appreciation, nationally, the median existing price is down by 1.2% on a year-ago basis. The declines are most evident in the Northeast's metro areas. The South is holding up the best overall, although Florida metro area prices are sinking.
    • MBA Mortgage Applications Survey

    • Mortgage demand decreased 3.7% in the week ending November 17. Purchase applications decreased 2.8% and refinance applications decreased 4.3%.
    • Chain Store Sales

    • Chain store sales jumped 1.2% in the week ending November 18, continuing a recent pattern of erratic growth, according to the ICSC. Year-over- year growth increased only slightly, to 2.2%, as sales jumped in the comparable week last year as well.
    • Weekly Natural Gas Storage Report

    • Underground storage of natural gas decreased by one billion cubic feet during the week ending November 17. This was less than the expected draw of three Bcf from storage. Inventories are now 7.5% above the five-year average. This report is likely to reaffirm bearish pressure on prices.
    • Oil and Gas Inventories

    • Crude oil inventories soared by 5.1 million barrels for the week ending November 17, according to the Energy Information Administration, well above expectations of a 0.6 million barrel build. A surge in oil imports by one million barrels was largely responsible for the surprise build in crude inventories. Distillate inventories fell by a whopping 1.2 million barrels, in line with expectations. Gasoline stocks rose 1.4 million barrels, against expectations of a 0.9 million barrel drop. This is a bearish report, albeit in a light trading week.

    Source: Economy.com

  • "Problem-solving" is not planning, and "Planning" is not the same as "problem- solving"

    Effective planning can not be done without addressing the problems that are critical.

    Not all problems deserve attention.

    Some just go away.


    Bonneville Research is a Utah-based consulting firm providing economic, financial, market and policy research to public and private sector clients throughout the intermountain west.

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    • Urban Renewal & Redevelopment Analysis and Budgets
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    Bonneville Research

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