Show Home Prices Continue To Rise Even though prices of tew homes in Utah to the demand or new houses remains according to M. vice president of Federal Savings ind Loan Association and me of the leading authorises on housing in SPEAKING ON behalf of Jie Utah Savings and Loan Calvert said the median sales price of new homes sold in 1971 was approximately as compared to a median sales price of in 1970 and the much lower price M in In other half of the new lomes sold for more than half for must be pointed out that these prices are for non-government subsidized Calvert has been a leader in the nation in the production of subsidized If these homes were included in calculating the median price of homes sold in 1971 the figure would be less than YEAR more than 56 percent of all private housing starts in Utah were single-family he Utah's insured savings and loan associations provide a great portion of the financing for both new and existing homes sold in the TWO reasons for the rising home costs are related to labor and According to the United States Savings and Loan League's 1972 Fact material costs for houses have risen percent over 1971 costs and there has been an 11 percent increase in hourly wages for construction |