Utah home prices are continuing their upward trend and many buyers are now priced out of local for-sale homes. Builder Clark Ivory is "on the warpath" to add more affordable supply.
Ivory Homes, Utah's largest home builder and family-run in the state since 1983, is making record revenues, and is now focused on adding more condos, townhomes, single-family homes with smaller yards, multifamily complexes, and workforce housing for teachers and police. “It’s the best thing for us," CEO Clark Ivory tells The Salt Lake Tribune, “as well as the best thing for the community.”
Big picture, Ivory sees himself as siding with future generations and as part of the solution to one of the state’s most vexing economic and policy challenges.
But plenty of existing homeowners see Ivory Homes as a problem all its own — a home builder eager to cash in by packing people into high-density developments that, in some cases, threaten to overwhelm their tranquil communities.