James Julkowski News Today

In a reversal, some Twin Cities homebuilders have inventories of houses that are ready for occupancy.

The first half of the year was super busy for builders. But this month was the slowest October in a decade for them.

Declines in for-sale new housing have been offset by an increase in demand for new rental housing as higher borrowing costs are forcing some would-be buyers to rent instead.

Permits for single-family homes fell 28% while those for apartment units were up 2%.

Higher interest rates are giving rise to more multi-family homes in the Twin Cities metro, according to data from Housing First Minnesota.

In the Twin Cities metro, apartment construction increased while single-family housing declined during June

Rental construction soared while single-family construction fell, according to a monthly building permit report.

Permits to build houses and apartments soared last month after a sluggish start to 2022.

Apartment construction increased while single-family units retreated.

Permits to build apartments and single-family houses fell to the lowest level for any February since 2016.