SCORECARD
Rank | Zip | City |
# Defaults Previous 6 Months | #
Defaults Last 6 Months | %
Change |
1 | 84043 | Lehi/Eagle
Mountain | 102 | 227 |
123% |
2 | 84062 | Pleasant
Grove | 39 | 65 | 67%
|
3 | 84660 | Spanish
Fork | 35 | 62 | 77%
|
4 | 84003 |
Highland/American
Fork | 40 | 59 |
48% |
5 | 84057 | Orem |
37 | 49 | 32% |
6 | 84663 |
Springville | 31 | 46 |
48% |
7 | 84601 | Provo |
30 | 45 | 50% |
8 | 84604 | Provo |
29 | 41 | 41% |
9 | 84058 | Orem |
24 | 37 | 54% |
10 | 84651 |
Payson | 33 | 36 |
9% |
11 | 84606 | Provo |
12 | 30 | 150% |
12 | 84097 | Orem |
12 | 22 | 83% |
13 | 84004 |
Alpine | 8 | 19 |
138% |
14 | 84655 |
Santiquin | 12 | 19 |
58% |
15 | 84664 |
Mapleton | 6 | 16 |
167% |
16 | 84005 |
Eagle Mountain | 5 | 7 |
40% |
17 | 84042 |
Lindon | 9 | 7 |
-22% |
18 | 84653 |
Salem |
7 | 7 | 0%
| 19 | 84013 | Cedar
Fort | 2 | 3 | 50%
|
20 | 84020 |
Draper | 1 | 3 | 200
% |
21 | 84633 |
Goshen | -
| 3 | |
22 | 84041 |
Salem | 1 | 1 | 0%
|
23 | 84045 | Saratoga
Springs | 2 | 1 | -50%
|
Totals | | Utah
County | 375 | 578 | +54
%
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Source: NewReach - Builders Decision, 2008
THIS WEEKS LEADS
Lots of smaller format food stores - Not in our
market, but they should be!
- Not in our Market, but it should be! -The
Fresh Market
- The Fresh Market operates 80 locations
throughout AL, AR, FL, GA, IL, IN, KY, LA, MD, MI, MS,
NC, OH, PA, SC, TN, VA and WI.
- The upscale
supermarkets occupy spaces of 18,000 sq.ft. to
20,000 sq.ft. in inline spaces and freestanding
locations.
- Growth opportunities are sought
throughout CT and Westchester County, NY during the
coming 18 months, with representation by Sullivan
Hayes Cos.
- The company prefers to locate in
affluent trade areas.
- For more information, contact
- Tim
McNamara,
- Sullivan Hayes Cos.,
- 10 Waterside
Drive, Suite 200,
- Farmington, CT 06032.
- Two Buck Chuck! - Can't we? Please?
- Trader Joe's operates locations throughout AZ,
CA, CT, IL, DE, GA, MA, MI, MO, NC, NJ, NM, NY, OH,
OR, PA, WA, WI and Washington, DC.
- The
specialty grocery stores, offering traditional and
organic grocery items, occupy spaces of 10,000 sq.ft.
to 12,000 sq.ft. in freestanding locations and malls, in
addition to power, specialty and strip centers.
- Growth opportunities are sought throughout
central and northern counties in NJ and Rockland
County, NY during the coming 18 months, with
representation by R.J. Brunelli & Co., Inc.
- Typical
leases run 10 years. Specific improvements are
required.
- For more information, contact
- Ron
Deluca,
- R.J. Brunelli & Co., Inc.,
- 400 Perrine
Road, Suite 405,
- Old Bridge, NJ 08857;
- Web
site: www.njretailrealty.com.
- Super 1 Foods
- Super 1 Foods operates nine locations throughout
ID and MT.
- The natural and organic grocery stores
occupy spaces of 45,000 sq.ft. to 55,000 sq.ft. in
freestanding locations.
- Growth opportunities are
sought throughout western MT and northern ID during
the coming 18 months.
- Typical leases run 30
years. A vanilla shell is required.
- Preferred
cotenants include Home Depot and Lowe's Home
Improvements.
- Major competitors include
Albertsons, Smith's, Safeway, Costco, Fred Meyer and
Wal*Mart.
- For more information, contact
- Ron
McIntire,
- Super 1 Foods,
- PO Box 10,
- Hayden, ID 83835;
- Web site:
www.super1foods.com.
- Superior Super Warehouse
- Superior Super Warehouse operates 29 locations
throughout CA.
- The supermarkets, offering
produce, deli, meat, poultry and seafood departments,
occupy spaces of 50,000 sq.ft. to 60,000 sq.ft. in
freestanding locations and neighborhood centers.
- Growth opportunities are sought throughout
central and southern CA during the coming 18
months, with representation by Southern Pacific
Investments, Inc.
- A land area of three to four acres
is required for freestanding units.
- For more information, contact
- Randy
Ibara,
- Southern Pacific Investments, Inc.,
- 1168
San Gabriel Boulevard, Suite M,
- Rosemead, CA
91770.
- Market Basket Food Stores
- Market Basket Food Stores operate 17 locations
throughout NC.
- The supermarkets occupy spaces
of 12,000 sq.ft. to 27,000 sq.ft. in freestanding
locations and strip centers.
- Growth opportunities
are sought throughout the existing market during the
coming 18 months.
- Typical leases run five years
with two, five-year options.
- For more information, contact
- R.D. Hunt,
- Market Basket Food Stores,
- 393 3rd Avenue
Southwest,
- Taylorsville, NC 28681.
- Cost-U-Less
- Cost-U-Less, Inc. trades as Cost-U-Less at 12
locations throughout CA, HI and internationally.
- The warehouse club-style centers occupy spaces
of 30,000 sq.ft. in freestanding locations.
- Growth
opportunities are sought throughout the existing
markets during the coming 18 months.
- Typical
leases run 10 years with options.
- Preferred
demographics include a population of 50,000 within
five miles earning $15,000 as the average household
income.
- For more information, contact
- Rex
Wilhelm,
- Cost-U-Less, Inc.,
- 3633 136th Place
Southeast, Suite 110,
- Bellevue, WA 98006;
- 425-945-0213;
- Web site:
www.costuless.com
- Daphne's Greek Café
- Daphne's Greek Café operates 85 locations
throughout AZ, CA, CO, OR and WA.
- The fast-casual Greek restaurants occupy spaces
of 1,800 sq.ft. to 2,200 sq.ft. in endcaps.
- Growth
opportunities are sought throughout southern CA
during the coming 18 months, with representation by
Commercial West Brokerage.
- Endcap locations
require a patio and the company prefers to locate in
areas with good street visibility.
- For more information regarding Daphne's Greek
Café, contact
- Phil Berry,
- 2443 East Coast Highway,
- Corona Del Mar, CA
92625;
- Web site:
www.commercialwest.com.
- El Pollo Loco
- El Pollo Loco operates 380 locations throughout
AZ, CA, CO, CT, GA, IL, MA, NV and TX.
- The quick-
service restaurants, offering flame-grilled chicken,
occupy spaces of 2,500 sq.ft. to 3,000 sq.ft. in
freestanding locations with a drive-thru.
- Growth
opportunities are sought throughout Apple Valley,
Victorville and Yucca Valley/29 Palms in CA during the
coming 18 months, with representation by
Commercial West Brokerage.
- For more information regarding El Pollo Loco,
contact
- Phil Berry, 2443 East Coast Highway,
Corona Del Mar, CA 92625; Web site:
www.commercialwest.com.
- Jerry's Artarama
- Jerry's Artarama operates 15 locations throughout
CT, CO, FL, NC, NJ, RI, TN and TX.
- The stores,
offering art supplies, books and frames, occupy
spaces of 10,000 sq.ft. to 15,000 sq.ft. in freestanding
locations, strip centers and downtown areas.
- Growth opportunities are sought throughout AZ,
CA, FL, GA, SC and TX during the coming 18 months.
- Typical leases run 10 years.
- A vanilla shell is
required.
- For more information contact,
- Mike
Gundry,
- Jerry's Artarama,
- PO Box 58638,
- Raleigh, NC 27658-8638;
- Web site:
www.jerrysartarama.com
- Little Caesars Pizza
- Little Caesar Enterprises, Inc. trades as Little
Caesars Pizza at locations nationwide.
- The
pizzerias occupy spaces of 1,200 sq.ft. to 1,400 sq.ft.
in freestanding locations and strip centers.
- Growth opportunities are sought nationwide
during the coming 18 months.
- Typical leases run
five years with options.
- The company prefers to
locate near supermarkets, video stores and
pharmacies.
- Preferred demographics include a
population of 25,000 within three miles earning
$50,000 as the average household income.
- The
company is franchising.
- For more information, contact
- Mike Atwell,
- Little Caesar Enterprises, Inc.,
- 2211
Woodward Avenue,
- Detroit, MI 48201-
3400.
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Greetings!
Utah County Mortgages in Default or with a
notice of Default - Where?
- What zip codes
are the highest?
- Who is most at risk?
Bob Springmeyer
Bonneville Research
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ECONOMIC NOTES: |
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- International Business Confidence
- The U.S. economy is contracting and the rest of
the global economy is weak according to the global
business confidence survey. Real estate firms,
financial institutions and business service firms are
the most worried, but even manufacturers and high-
tech firms are measurably more nervous.
Assessments of current conditions and the outlook six
months hence remain notably dour, although
responses to all nine questions in the survey are soft.
Firms continue to reduce inventories. Pricing
pressures remain subdued despite $100-plus
oil.
- Semiconductor Billings
- Global semiconductor sales fell by 3.6% in
January to $21.5 billion on a three-month moving
average basis. Sales were just 0.1% higher than in
January 2007, indicating softening conditions in the
market.
- ISM Index
- Manufacturing activity declined in February. After
rebounding to above 50 in January, the ISM composite
index fell to 48.3 in February, its lowest level since
April 2003. The details were also weak, consistent
with the view that contraction in the industrial sector
will persist beyond the first quarter.
- Agricultural Prices
- The preliminary All Farm Products Index of Prices
Received by Farmers was unchanged from January,
following a succession of monthly price increases.
Both the crop and livestock indices rose by less than
1%. Individual commodity increases were posted for
wheat, soybeans, corn and hogs. Milk, lettuce, broccoli
and tomatoes fetched lower prices. Over the past year,
the All Products Index and Food Commodities Index
both increased 13%. The Index of Prices Paid rose
1.2% in February and now stands 10% higher than a
year ago. Higher prices were paid for complete feeds,
feeder cattle, potash& phosphate materials and feed
concentrates. Farmers paid less for LP gas, self-
propelled machinery, gasoline and other
machinery.
- Personal Income
- Personal income rose 0.3% in January, less than
December's 0.5%. Spending growth accelerated to
0.4%, up from 0.3% the prior month (upwardly
revised). However, real spending was unchanged for
the second month. The core PCE deflator rose 0.3%
and the topline deflator rose 0.4%. The saving rate
held steady at -0.1%. Many special factors distorted
the income data.
- Productivity and Costs
- Productivity growth for the fourth quarter was
revised slightly higher. Nonfarm business productivity
grew 1.9% (SAAR), compared with 1.8% in the
preliminary release; the consensus was for 1.8%. The
revision was due to a larger decline in hours worked
than originally reported. Growth in unit labor costs saw
a large upward revision, from 2.1% (SAAR) to 2.6%.
This was a larger upward revision than the
consensus expected. The upward revision to unit
labor costs may increase inflation concerns.
- Factory Orders (M3)
- New orders for manufactured goods fell 2.5% in
January, exactly matching expectations. Shipments
rose 1.1% and the I/S ratio held at 1.24 months.
Durable goods orders fell 5.1%, which was a small
upward revision from the preliminary drop of 5.3%
reported last week. Nondurable goods orders
(shipments) rose 0.3%, led by food products.
Petroleum shipments fell over the month on the back
of lower prices in January.
- Jobless Claims
- Initial jobless claims decreased by 24,000 to
351,000, well below expectations. This lends
credibility to the argument that last week's number
was inflated by the President's Day holiday.
- Monster Employment Index
- The Monster Employment Index rose 5 points in
February to 165, compared with 160 a month ago.
February's modest rise marks an end to the recent
three-month trend of moderating online recruitment
activity, although the index remains 12 points below its
year-ago level.
- Major Job Cuts
- The number of people affected by job cut
announcements fell slightly in February, to 72,091
from 74,986 in January. Despite evidence of a
weakening economy, layoffs and other job cuts are not
escalating. However, an increase in cuts by retailers
suggests that consumer spending is weakening. In
addition to retailing, housing market woes continue to
spur job cuts by financial service providers.
- Construction Spending (C30)
- Construction spending decreased by 1.7% in
January. Private construction declined by 2.2%, driven
down by a 3% decline in residential construction.
Additionally, public construction fell by 0.2%.
- Pending Home Sales
- The pending home sales index held steady in
January at 85.9. At 85.9, the index is still down 19.6%
from a year ago. However, this report provides some
hope that conditions in the housing market may begin
to improve soon.
- MBA Delinquency Rates
- The delinquency rate of first mortgages increased
23 basis points to 5.82% on a quarter-to-quarter basis
in the fourth quarter of 2007, while the percentage of
loan foreclosures increased 35 basis points to 2.04%.
The increases in both mortgage delinquency and
foreclosure rates reflect the battered housing market,
increased mortgage payments from rising or resetting
mortgage rates, and tightened underwriting
standards.
- MBA Mortgage Applications Survey
- The Mortgage Bankers Association market indices
finished higher for the week ending February 29. The
purchase index was up slightly at 363.1 and the
refinance index was at 2,569.0, a significant gain. The
overall market index finished at 684.9, up by 3% over
the previous week. The week's rally was led by a
substantial decrease in the contract rate for 30-year
fixed rate mortgages.
- Chain Store Sales
- Chain store sales rose 1.9% in February, well
above expectations and results of the prior two
months. Nonetheless, sales of consumer stress were
evident as results were mixed and many better
performing chains were discounters.
- Vehicle Sales - AutoData
- February was not a good month for the U.S. motor
vehicle industry, which has had to contend with
weaker consumer spending as well as the bankruptcy
of Plastech and strike at American Axle, which
hindered production. Vehicle sales totaled 15.3
million units on a seasonally adjusted annualized
basis in February, about where they were in January
but well below the 16.6 million units recorded a year
ago. The difference is even larger given that there was
one more selling day in February this year.
- Oil and Gas Inventories
- rude oil inventories fell unexpectedly by 3.1 million
barrels for the week ending February 29, according to
the Energy Information Administration, compared with
expectations of a 2.4 million barrel buildup. Distillate
supplies fell by 2.4 million barrels, below expectations
of a 1.9 million barrel decline. Gasoline inventories
rose by 1.7 million barrels, above expectations of a 0.9
million barrel increase. Refinery operating capacity
rose to 85.9% from 84.7%. Oil will trade higher on the
back of today's report.
- Weekly Natural Gas Storage Report
- Underground storage of natural gas fell by 135
billion cubic feet during the week ending February 29,
slightly less than the consensus expectation for a
drawdown of 142 billion cubic feet. Total underground
storage was 1,484 bcf as of February 29, 169 bcf less
than a year ago but 63 bcf above the five-year average
for this time of year.
Source: Economy.com 2008
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BONNEVILLE RESEARCH - Working with clients to deliver results that endure! |
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Successful client work requires a
superior team of
outstanding people working fluidly together.
Bonneville Research is the one firm with
the
experience and expertise to help
businesses,
governments and nonprofit organizations
solve their
toughest problems.
We work to help clients achieve enduring
results
and improve the communities in which we
live.
BONNEVILLE RESEARCH
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.
Helping Clients Succeed
Our services include:
- Financial Analysis
- Business License Studies
- Impact Fee analysis
- Urban Renewal & Redevelopment
Analysis and Budgets
- Strategy and Policy Analysis
- Economic and Fiscal Impact Analysis
- Statistical and Survey Research
- Public Sector Mission
Effectiveness
Each of our studies is tailored to address
the
unique needs of our clients and their
communities.
If we can help, please call or email us at
- Bob
- 801-364-5300
- BobSpring@BonnevilleResearch.com
- Jon
- 801-746-5706
-
JonSpring@BonnevilleResearch.com
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