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In May, the Twin Cities became the first major metropolitan area to see annual inflation fall below the Federal Reserve’s target of 2%
If you build it, inflation will drop, is Minneapolis' message to America's housing market.
From the column: "When you consider the Itasca Project is run at least in part by corporate CEOs, you wonder about its true motives."
The plan by business, government and developers of market-rate and subsidized housing is rooted in the aggressive recommendations of recent Itasca Group commission. This solution also inspires workforce and economic growth.
Record growth in home prices slashed supply of $300,000 homes.