Spurred largely by population growth, a thriving economy and a flurry of preconstruction activity in its capital city, Utah’s housing stock reportedly grew at the fastest rate in the country from 2016 to 2017, the U.S. Census Bureau said.
Newly released Census data indicate the number of housing units in the state grew by 2.1 percent in that one-year period, while Idaho and Colorado saw the second- and third-fastest housing growth rates, at 1.7 percent and 1.6 percent, respectively.
The Beehive State added an estimated 22,177 residences over that time, bringing Utah’s total number of housing units to 1,084,631.