Informed Decisions 2020: Utah’s Housing Shortage, Rising Prices, and the Impact of COVID-19

The Hinckley Institute Radio Hour — This week on the program, we air an Informed Decisions 2020 panel on housing in Utah—the shortage of available units, the rising prices and how COVID-19 has affected the state’s market.

Prior to this year, Utah had an estimated 50,000 unit deficit in available housing. During the first months of the pandemic, the Utah housing market saw a slowdown driven by the uncertainty of both buyers and sellers, as well as the federal moratorium on evictions. Now, Utah is again seeing high demand and increasing prices due to the pent up demand, a rise in out-of-state migration and the end of the eviction moratorium.

Today’s panel takes a closer look at how this year’s global health crisis has affected Utah’s housing market, housing prices and the shortage of units. The panelists include Michael Gallegos, director of housing and community development for Salt Lake County; Jonathan Hardy, director of Utah’s Housing and Community Development Division; and Jim Wood, Ivory-Boyer senior fellow at the Kem C. Gardner Policy Institute. Moderating the discussion is Natalie Gochnour, director of the Gardner Policy Institute.

This forum was put on in partnership with the Gardner Policy Institute and the University of Utah’s Political Science Department.

This forum was recorded on September 30, 2020.

Here is your moderator, Natalie Gochnour.

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