Toughest times for Utah housing may be nearing end

These are tough times for Utah's home building industry, but better times may lie ahead.

The collapse of the state's housing bubble in 2008 wiped out at least $20 billion in residential real estate wealth, eliminated thousands of construction jobs and forced hundreds of homebuilders out of business, according to James Wood, director of the University of Utah's Bureau of Economic and Business Research.

Yet Wood, in a new research report titled "Utah's Homebuilding Industry: Present Perspective, Future Prospects," suggests the rate of the home building industry's decline has been slowing of late.

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