2/20/2024 0 Comments Life at university of utahHousing expert Dejan Eskic, a researcher at the institute, expects the shortage to last through the decade. Consequently, the housing shortage will likely increase to over 37,000 units by 2024, according to a September report from University of Utah’s Kem C. But as homebuilding activity is expected to contract, new households will outnumber new housing units. Record migration combined with higher interest rates is making Utah’s housing shortage worse, according to Smith.ĭuring a building boom, Utah made up significant ground on its housing shortage, shrinking the gap from 56,800 units in 2017 to 28,400 units in 2022. Cox wants 35,000 starter homes built within the next 5 years. It calls for a $150 million investment, including an additional $50 million for the First-time Homebuyer Assistance Program launched last year that subsidizes the purchase of newly built starter homes. Affordable housing planĪs part of his 2024-25 budget proposal, Cox unveiled an ambitious plan for the state to build 35,000 starter homes by 2028. In October, the Deseret News reported that high interest rates and record housing prices bolstered the argument for choosing to rent rather than buy. The nonprofit trade association represents about 3,500 rental operators, ranging from basement apartment owners to large management companies, and more than 160,000 units. This has placed even greater demand on all types of rentals.” “Higher mortgage interest rates have sidelined many people from homeownership. “Demand for rental housing has never been higher,” said Paul Smith, executive director of the Rental Housing Association of Utah. The record in-migration continues to increase the demand for rental housing in the state, according to the Rental Housing Association of Utah. Spencer Cox says about Californians moving to Utah The number of Californians heading to Utah last year dropped 20% from 23,219 in 2021. The number in Utah pales in comparison to the over 50,000 Californians that move to states like Arizona, Texas, Nevada and Washington, according to Harris’ research. Plus, Utah is fairly close to the Golden State.Īnd Utah isn’t even in the top 10 states that have received the most new residents from California. It’s the most populated state in the nation and has seen significant domestic net out-migration for decades. Gardner Policy Institute, told the Deseret News last year that the number of Californians moving to Utah isn’t surprising given California’s sheer size. Here’s a breakdown of the top 10 states feeding Utah:Įmily Harris, a demographic analyst at the University of Utah’s Kem C. In 2022, Utah saw an influx of 91,341 new residents, according to recent numbers from the U.S. But it’s not the only state driving the Beehive State’s population growth. This is a rich environment, where you’ll be encouraged to explore without limits.As Utah continues to grow, it’s no surprise that the largest number of new residents comes from California. The UT Southwestern faculty has received six Nobel Prizes and includes 26 members of the National Academy of Sciences, 21 members of the National Academy of Medicine, and 13 Howard Hughes Medical Institute Investigators. With more than 200 research laboratories on campus, you’ll be able to build strong, long standing relationships with the top people in their fields and thrive in a fast-growing environment fueled by great science and exceptional medicine. Our discoveries make a difference – and so will you. UT Southwestern research has led to some of the most important breakthroughs of our generation, including lifesaving statin drugs. UT Southwestern is one of the foremost research institutions in the world, where elite scientists are recognized and respected for their work. If you’re looking to make a difference in the world through a contribution to medical research and discovery, look no further. Embrace a Culture of Discovery Without Limits
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |