Gov. Cox's starter home plan continues to fall behind schedule

Homeownership continues to be one of the biggest drivers of personal wealth, like we just talked to, uh, our friend Michael Kofed about.

Um, but for younger generations, it's still feeling unattainable.

So to help combat that, our own, uh, Governor Spencer Cox launched his starter home program that was aimed to build 35,000 starter homes by 2028.

That's just around the corner.

Yep.

New data shows the pro- program's way off track.

It's only 25% of the homes have been built, which is good.

That's a good, but only 25%, and we're halfway to the deadline.

Yeah, so the goal was to build 35,000 new starter homes that w- that is priced at or below $450,000 by the end of 2028.

Uh, that was, uh, set up, and now we're about halfway to that deadline, and we've only built 7,909 starter homes.

That's less than 25% of the goal, and those homes are concentrated mostly in the Utah County area.

That's interesting because my daughter's looking in Utah County, and the homes that she's looking at are not in that price range.

They're higher.

Yeah, pr- priced at or below $450,000.

You know, and Cox did indicate that it was an ambitious goal.

Uh, and but, uh, you know, they've, they've gotta take some, maybe reevaluate that.

Homeownership continues to be one of the biggest drivers of personal wealth, like we just talked to, uh, our friend Michael Kofed about.

Um, but for younger generations, it's still feeling unattainable.

So to help combat that, our own, uh, Governor Spencer Cox launched his starter home program that was aimed to build 35,000 starter homes by 2028.

That's just around the corner.

Yep.

New data shows the pro- program's way off track.

It's only 25% of the homes have been built, which is good.

That's a good, but only 25%, and we're halfway to the deadline.

Yeah, so the goal was to build 35,000 new starter homes that w- that is priced at or below $450,000 by the end of 2028.

Uh, that was, uh, set up, and now we're about halfway to that deadline, and we've only built 7,909 starter homes.

That's less than 25% of the goal, and those homes are concentrated mostly in the Utah County area.

That's interesting because my daughter's looking in Utah County, and the homes that she's looking at are not in that price range.

They're higher.

Yeah, pr- priced at or below $450,000.

You know, and Cox did indicate that it was an ambitious goal.

Uh, and but, uh, you know, they've, they've gotta take some, maybe reevaluate that.