Vupilot is right. Get good wood. There are several places online you can order marine plywood from if you're unable to find it near you. Homestead (
www.marine-plywood.us) in Ohio comes to mind. I drive a couple of hours from home to get it myself. It is worth it, and you'll have more confidence in your results. The nice thing about the Utility is that it doesn't require a lot of wood. By the time I get my chines and sheers done, I think I'll have bought a total of 4 boards of mahogany. One sheet of 3/4" Douglas Fir marine plywood took care of my transom and stem, and one sheet of 1/4" Douglas Fir marine ply was enough for my frame backing & gussets + 2 layers of keel support. I've still got about 1/3 sheet of each left over.
Take the time to find a place you can either drive to or order from to get it. You'll be glad you did. I'd also suggest buying and reading Glen-L's "Boatbuilding With Plywood" book before you start. Well worth it.
As for build time, it's hard to say. It will take longer than you think, but you can CERTAINLY do it. As a very busy single parent, I'm lucky if I have 2-3 hours per week to work on mine. I started in late April & have a long way to go. If you're a student with more time to dedicate to the project, yours will definitely go faster. Just be persistent & patient, and it will get done.
Also, don't skimp on the fasteners. Get the bronze screws. It's very easy to order this stuff from Glen-L.
Best of luck, and I hope to see some build photos showing up soon!