High housing costs. Rapidly rising interest rates. Surging oil prices. Escalating inflation. If you don’t already own a home or if rising grocery costs don’t fit your budget, you might be excused for feeling a sense of dread. The American dream is built on homeownership and the idea that you can earn more in real dollars than your parents. But the elevated housing costs and surging interest rates are suddenly putting the first part of … Continued
Having recently completed our “middle housing” project (see the project page here), the Utah Foundation continues to track Utah’s housing issues. A recent find is the Carpenter Index. AEI’s Housing Center created its Carpenter Index as a way of tracking housing affordability in the country’s 100 largest metro areas. The Index looks at the income for the average carpenter-headed household as a proxy for blue-collar Americans’ incomes. The gist of the question: Can carpenters afford … Continued
The Utah Foundation’s multi-part project on the “missing middle” of the housing market has been making waves among civic, business and policy leaders. Find out what middle housing is, why it matters and how to deploy it in this brief, engaging video.
Scanning the older cities of Utah (or indeed any state) you encounter in the historic core a mix of lot sizes and uses. You might see small setbacks and often find single-family homes alongside small multi-family housing. Often, these areas appear designed for pedestrian commuting, shopping and recreation. As you move away from the historic core into the suburbs, the old patterns dissolve into a new one: All of the residential lots are larger and … Continued
Expanding housing options in Utah will require expanding what our zoning allows. But what are the best ways of going about that? Answering that question is the topic of the latest installment in the new Utah Foundation study, Is the Middle Missing? A Guide to Expanding Options for Utah Homebuyers and Renters. Utah Foundation Vice President Shawn Teigen and President Peter Reichard explore the findings of the report in this edition of Utah Thrives, the … Continued
Those struggling to get developments done often use the acronym NIMBY – not in my backyard – to describe opponents of their plans. While it may serve as a useful shorthand for neighborhood opposition to projects for the common good, in many cases it may also be unfair. Most Americans’ wealth is tied up in their home, a home that they often choose because of the quality of life the neighborhood offers. To routinely throw … Continued
Do New Development Trends Align with Utahns’ Preferences? What kind of housing is being developed in Utah? Is it the kind Utahns want to see in their neighborhoods? And what are the implications for the so-called “missing middle” of the housing market? Utah foundation Vice President Shawn Teigen and President Peter Reichard explore the answers in this edition of Utah Thrives, the Utah Foundation podcast.
Is an important answer to Utah’s housing challenges missing from the equation? In this edition of Utah Thrives, Utah Foundation Vice President and Research Director Shawn Teigen joins President Peter Reichard in a discussion about the state’s startling housing affordability challenges. The conversation revolves around the new multi-part study, Is the Middle Missing? A Guide to Expanding Options for Utah Homebuyers and Renters. Teigen and Reichard discuss the findings of the first two installments, which … Continued
Astonishing. Jaw-dropping. Mind-blowing. When it comes to housing price increases in Utah, the exclamations could just keep flowing. The cost of housing in Utah has been skyrocketing. Median home prices increased by 15.4% in 2020 and even further in 2021 – with a year-over-year appreciation of 29% at September. Yes: 29%. That’s not a typo. And Utahns have noticed. Recent Utah Foundation research reveals that more than 80% of Utahns perceive home prices and rents … Continued
The Utah Foundation recently produced a brief on housing affordability as concerns in Utah have become increasingly acute. In this edition of Utah Thrives, Utah Foundation Senior Analyst Christopher Collard, President Peter Reichard and Vice President / Research Director Shawn Teigen discuss what they’ve been learning as they dig in on the housing cost issue.