Even though there are a lot of new homes being built, many aren’t affordable due to a labor shortage caused by several big municipal projects, most notably the Salt Lake City International Airport.
“The valley’s kind of filling in, so there’s a lack of available land and if you add to that the tariffs situation that’s driving up the cost of steel, aluminum, and lumber and other things that you use for home construction,” said Semerad.
A recent survey by the nonprofit Utah Foundation found that 12 percent of Utahns say their housing costs were not affordable. In Salt Lake County that number went as high as 20 percent.
