Thursday, May 9, 2013

Developer to turn Kaysville farmland into 300 homes

Residential homebuilder and Destination Homes President Brad Wilson plans to develop 83 acres of
farmland owned by the Hill family and turn it into a new neighborhood on the west side of Kaysville.
The U.S. Census Bureau reported a 7 percent increase in housing starts nationwide in April — the fastest growth rate since the 2008 recession.

Doris Giede-Stevenson, chairwoman of Weber State University's economics department, said housing
prices are still 30 percent below the peak nationwide, and the current demand and rising prices may be reminiscent of the housing bubble that led into the recession.

She said the increased building, buying and selling are positive signs. Deseret News