2026 Economic Forecast
Utah remains among nation’s job growth leaders
Utah’s Market Update Presentation
Prepared by the Kem C. Gardner Policy Institute, this report examines current economic and housing market conditions in Utah within the broader U.S. context. It highlights slowing but still positive job growth, easing inflation, and expectations for gradual interest rate cuts, alongside falling mortgage rates. While Utah remains a national leader in employment and population growth, high housing costs, affordability constraints, and supply shortages, especially for entry-level homes, continue to weigh on economic momentum. The report concludes that Utah’s growth will persist but moderate, with demographic shifts and housing availability playing a critical role in the state’s economic outlook.