Utah is grappling with a severe housing shortage \u2014 but also growing pains that feed public frustration, often leading to city council meetings packed with neighbors up in arms over the latest proposed subdivision.
Even as the housing market enters a real estate correction after two years of runway prices from the pandemic housing frenzy, Utah’s housing affordability crisis is expected to persist. This year, the Utah Legislature and Gov. Spencer Cox is focused on bringing down home prices. Freeing up the market to increase supply, they said, is the best way to do that.
Faced with the a strained real estate housing market and a housing shortage that has led to extreme housing prices, the Utah Legislature in 2023 will consider housing bills that support more affordable housing. Here’s what they’re considering.
Utah’s Republican lawmakers are likely to consider tax cuts, water issues, housing and transgender issues during the 2023 legislative session. Read more.