2021 is already shaping up to be one like no other for real estate in Utah, on the heels of an already record-shattering year for Wasatch Front home sales in 2020.
Utah’s Salt Lake City metro area is a contender for having one of the hottest emerging housing markets in the West. Its big competitor is Idaho, where out-of-state homebuyers are leaving big cities in search of cheaper homes with more space.
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Booms in Utah and Idaho buck the curve of slowing U.S. growth
Rick Bowmer/AP
FILE - Rows of homes, in suburban Salt Lake City, on April 13, 2019. Utah is one of two Western states known for rugged landscapes and wide-open spaces that are bucking the trend of sluggish U.S. population growth. The boom there and in Idaho are accompanied by healthy economic expansion, but also concern about strain on infrastructure and soaring housing prices. (AP Photo/Rick Bowmer, File)
By: Associated Press
and last updated 2021-05-02 00:13:59-04
SALT LAKE CITY (AP) â Two Western states known for their rugged landscapes and wide-open spaces are bucking the trend of sluggish U.S. population growth, which dipped to the lowest level since the Great Depression, though different forces are powering the population booms in Utah and Idaho.
SALT LAKE CITY (AP) â
Two Western states known for their rugged landscapes and wide-open spaces are bucking the trend of sluggish U.S. population growth, which dipped to the lowest level since the Great Depression, though different forces are powering the population booms in Utah and Idaho.
In Utah, births largely drove the fastest growth in the country over the past decade. In neighboring Idaho, newcomers from California and other states helped it capture the second spot. I don t ever remember seeing anything like this, said Bill Rauer, executive officer of the Idaho Building Contractors Association in southwest Idaho, the state s most populous area. (Builders) are running at a breakneck pace right now.