Page 2 - Keystone Report News Today

Minneapolis-based Greco Properties hopes to begin construction as soon as this spring on a development that would bring hundreds of new affordable and market-rate homes to a vacant site near a future light rail stop in Eden Prairie.

Despite the October decline, single-family permits so far this year are outpacing 2020.

Fervent pace dropping, but construction remains above historical averages in part because of strong demand earlier this year.

Home building in the Twin Cities soared this month compared with pandemic-related declines last year

The Twin Cities has a dearth of new and existing homes for sale, but local builders did their part in May to create new supply as permits were up for both single-family and multifamily housing units. Even so, homebuilders say they could add even more supply if not for constraints that include the metro area’s shortage of developable lots, pandemic-induced supply chain disruptions and a lack of construction labor. David Siegel, executive director of Housing First Minnesota, said the Twin Citie...

Copy shortlink: Homebuilding in the Twin Cities was up 50% last month as buyers took advantage of persistently low mortgage rates. During March, builders were issued 631 permits to build single-family homes — the most since at least 2004, according to a monthly report from Housing First Minnesota, a trade group that represents homebuilders. "We are seeing the impacts of having the millennial generation at peak homebuying ages while boomers are also in the market for th...

Single-family homebuilding surges 32% in Twin Cities Twin Cities single-family home construction rise 32% from February 2020.  March 1, 2021 — 5:23pm Text size Copy shortlink: Housing construction in the Twin Cities metro during February was up sharply for the second month in a row. Builders and developers in the Twin Cities were issued 558 permits to build 946 units during February, according to data compiled by the Keystone Repor...

Apartments languished as buyers turned to bigger homes in suburban markets.