Utah ranks fourth in the U.S. for new home builds, authorizing 18.6 new units per 1,000 existing homes in 2024. Despite a nearly 25% drop in new home authorizations since 2022, Utah maintains one of the highest median home prices at $535,217. The Salt Lake City-Murray area ranked 20th among large metros but saw a 46.1% decline in new home permits. Other Utah metros like Provo-Orem-Lehi and St. George also rank high in new housing permits.
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