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Homebuilding still declining in Tooele

(Tooele Transcript Bulletin) New residential construction in Tooele is declining in 2009 for a fourth straight year, according to the number of single-family building permits issued by Tooele City through the end of October.

The number of permits issued as of Oct. 31 was 47, compared to 62 issued over the same time period in 2008 — a 24 percent decline.

“It is the economy along with the turmoil in the finance market,” said Richard Jorgensen, Tooele City land use technician. “When things improve, building will pick back up.

Chris Sloan, managing broker of Group 1 Real Estate in Tooele and president of the Utah Association of Realtors, agreed the recession has hit Tooele homebuilders hard, but is also optimistic.

“Incentives like the home run grant from the state for new construction are working,” Sloan said. “We are seeing an improvement in home sales and construction statewide. I am optimistic that a new rebound will bring builders back to Tooele.”

There are recent signs that rebound may be beginning.

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