highlights of new united states construction expenditures — 1954 construction expenditures for 1954 set an all time record private residential construction increased 2.4 billion during the year net expenditures for all other types of construction declined 7 billion private residential construction gained 22 over the preceding year and accounted for 52 of all private construction increases were registered by commercial and institu tional building public non-residential building high ways sewers and water works decreases were recorded by industrial building farm construction military and naval conservation and development unchanged were public utility construction other private construction forecast 1955 1955 is predicted by u s departments of commerce and labor as a year of even greater new construction expenditures up 7 from 1954 private residential construction is again the principal factor causing the gain in volume and represents the largest source of construction volume in the comin year commercial and institutional building are expected to continue to gain while industrial building continues to decline publicity utility construction will increase 1 public construction will be up about 5 paced by in creases in military and naval work highways sewer and water conservation and development work will con tinue to decline utah construction company's plans for residential construction utah construction company continues its interest and activities in heavy engineering construction but has diversified its operation by taking an active part in residential building in the past three years the company has participated in the construction of 6,846 homes having a total value of approximately 59,000,000 these homes have been built entirely in response to the need for housing at military installations or at industrial areas where critical short ages existed our continued participation in the residential construction field has been placed on sound footing by the acquisition of strategically located land in areas of rapid population growth in 1954 utah construction company acquired control of two valuable sites in the san francisco bay area 5,000 acres in the moraga valley and 1,000 acres of tidelands in alameda our subsidiary purchased 105 acres near vancouver british columbia construction is al ready underway on the canadian property as well as on 100 acres at the de anza vista subdivision near richmond california which was purchased last year construction expenditures for the united states