By Tony Semerad | The Salt Lake Tribune
Utah’s home prices are on a multiyear climb and well-heeled buyers, at least, are still snapping up houses. You would think these would be heady days for the state’s homebuilders.
But Clark Ivory is unsettled.
More and more Utahns can’t afford to buy and many struggle to pay rent. The state, he and others say, is in dire need of more affordable options.
Unless conditions change, Ivory also sees trouble looming for the state’s economy and for his homebuilding business, which his family has run since 1983. Even at a time when Ivory Homes is posting record revenues, Utah’s largest homebuilder is shifting toward building more condominiums and town houses, traditional homes with smaller yards, and multiunit apartment complexes.
