14 Neighborhoods 5 Master Planned Communities - PowerPoint Presentation

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Uploaded On 2020-07-02

14 Neighborhoods 5 Master Planned Communities - PPT Presentation

Include A Mix of Housing Types Overland in Eagle Mountain 3800 Homes Holbrook Farms in Lehi Near Thanksgiving Point 2800 Homes Ivory Ridge in Lehi Near IM Flash 835 Homes Anderson Farms in Lindon ID: 793370

housing utah homes county utah housing county homes growth gap supply types tackling rising bureau labor land people source

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Slide1

Slide2

14 Neighborhoods

5 Master Planned Communities

Include A Mix of Housing Types

Overland in Eagle Mountain

~3,800 Homes

Holbrook Farms in Lehi

(Near Thanksgiving Point)

~2,800 Homes

Ivory Ridge in Lehi (Near IM Flash)

~835 Homes

Anderson Farms in Lindon

~835 Homes

Broadview Shores in Provo

~850 Homes

Slide3

Growing and Changing with Utah

Tackling the GAP: Why housing supply cannot catch up to demand.

A mixing of housing types that responds to the market is what is required for Utah’s future.

Utah County must have sustainable smart growth or there will be major consequences.

Slide4

Utah County Housing Market

May 7, 2018

Slide5

Tackling the GAP

Slide6

Tackling the GAP (Utah Co.)

Slide7

Utah County’s

Needs Housing

Slide8

Lack of Supply

Source:

UtahRealEstate.com

* Through end of June

Slide9

Rising Prices

Source:

UtahRealEstate.com

* Through end of June

Slide10

Robust Population and Job Growth

Last year, Utah County ranked No. 2 in the nation for job growth — with an increase of more than three times the national rate, according to the Bureau of Labor Statistics. It also ranked No. 6 for wage increases.

Since 2010, Utah County has added nearly 90,000 people an increase of 17.4% to 606,000 residents according to the Census Bureau. In the next 50 years, it’s estimated the County will add another million people.

Slide11

Main Challenges for Supply

Rising Costs

and

Tariffs

Availability and Cost of Land

Good infrastructure and planning

Lack of Qualified Labor

Aging Workforce

Immigration Reform

Rising Interest Rates

Affordability