MiMi is a tool used by many economists and forecasters as an indicator in the U.S. housing market. MiMi is short for Multi-Indicator Market-Index, and measures stability in the housing market. Used monthly, the MiMi factors in purchase applications, housing to payment income, current on mortgage, and income to determine market stability. The most recent MiMi shows a 7.4% gain in stability over last year - which may seem low. However, that's a 42% overall improvement since 2010, when the U.S. was in the midst of the Great Recession.

MiMi also takes a look at stability in each state. Probably least surprising to our contractors is that Utah ranks among the top for stability - outranked only by Washington, D.C. and Hawaii in the entire country. Additionally, Salt Lake City had one of the highest metro scores overall.

UTCLC cannot stress enough what a great time it is to be a contractor in the state of Utah. Our economy is among the best in the nation and that is evident by the myriad of building projects going on everywhere you look. We are here to help support you in any way we can - whether you need to renew you license or are looking for continuing education classes, or just trying to figure out where to start, UTCLC is here to help you make most of the opportunities waiting just for you!