Utah is building the most new housing per capita in the country, but housing experts in the Salt Lake state say an outdated federal permitting process still creates delays that hinder new construction and lead to higher prices for homeowners and homebuyers, The Salt Lake Tribune reports.
Senator Mitt Romney proposed federal permitting reform in 2022, but without bipartisan support from Congress, Utah’s housing market remains overpriced and undersupplied.
Reforming the federal permitting process will help across many sectors of Utah’s economy, including expanding renewable energy projects across the state. This expansion of clean energy will benefit current and future homeowners who are struggling with high utility costs while creating a more sustainable, 21st-century energy grid. At the same time, streamlining the permitting process will help ensure critical construction projects — both planned and underway — can continue to move forward in a timely manner.
Advertisement
Related Stories
Housing Markets
These Are the 10 Most Popular US Cities for Out-of-State Buyers
Americans are relocating to these metro areas for more favorable regional amenities and more affordable housing
Regional Builders
Smith Douglas Homes Enters Houston, TX Market
With the acquisition of local builder Devon Street Homes, Smith Douglas Homes is expanding to the Houston market to serve more Texas communities in need of increased housing development
Housing Giants
2023 Housing Giants Report and Rankings
Pro Builder's annual Housing Giants report ranks the top U.S. home builders by revenue, closings, and type and location of homes built and this year investigates off-site construction's potential to help home builders resist the headwinds of escalating costs and lack of affordability