As permits and housing starts decline nationwide, Utah finds similar challenges in its residential construction sector. Permitting activity in the state dropped for a second consecutive year in 2023, down 20 percent compared to the previous year, according to a new report from Point2, an international real estate search portal and a division of Yardi Systems Inc.
“This slowdown hints at challenges for housing affordability and availability across the state,” Point2 authors said.
Utah issued 25,289 new residential building permits last year, a 20 percent drop from 2022. The permit declines for both single-family and Please log in to see the rest of this story.
