One of the main problems we are noticing in Utah is this unbalanced market. According to local real estate agents, there aren’t enough single-family homes to meet the rising housing demand. A balanced market has roughly a six-month supply of houses, which means that if we stopped listing new properties, we'd still have about six months before we ran out. And right now, Utah is down to about four weeks of supply of homes. We are building in Iron County Utah which is outside of Cedar City. This is a college town and has some really awesome attractions like the Shakespeare Festival and breathtaking National Parks. For these very reasons the city is growing and if it is anything like the other Utah college towns, there will be a gap in the market leaving only apartment complexes and expensive homes. According to the National Real Estate Association 2021, 82% of homebuyers are looking for single family detached housing. So our home is targeting a single family in the middle class and we intend to make the home more cost effective for construction and maintenance.
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