Supply Chain and the Impact on Housing

The Hinckley Institute Radio Hour — This week on the program, a panel of experts look at the housing market in Utah and how the supply chain has slowed the ability to meet the demand for more homes.

Over the past decade, Utah has seen one of the hottest housing markets in the country, which was only partially slowed by the pandemic. Supply has yet to meet demand and housing prices continue to rise. According to a report from the Kem C. Gardner Policy Institute, Utah’s median price for single-family homes jumped from $380,000 to $460,000 over the course of 2021. With prices continuing to climb, more than half of Utah households are unable to afford a home in the state.

This week’s panel discusses the drivers of housing demand and how supply chain issues have stopped more homes from coming onto the market. The panel includes Ross Ford, executive officer of the Utah Home Builders Association; Jeremy Hafen, president of Clyde Companies; Michael Parker, vice president of public affairs at Ivory Homes; and Greg White, Salt Lake residential territory manager for Interstate Brick. Moderating today’s discussion is Ginger Chinn, vice president of Public Policy, Salt Lake Chamber.

This forum was recorded on September 22nd, 2021.

Play