Homebuilding in the Twin Cities fell steeply during November
In a reversal, some Twin Cities homebuilders have inventories of houses that are ready for occupancy.
Source: startribune.com
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Twin Cities home builders hit the brakes
The first half of the year was super busy for builders. But this month was the slowest October in a decade for them.
Source: startribune.com
Housing construction in Twin Cities metro dips for fifth month
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.
Source: startribune.com
Home building in the Twin Cities lost momentum this month
Permits for single-family homes fell 28% while those for apartment units were up 2%.
Source: startribune.com
Multi-Family Construction Surpassed Single-Family Homebuilding in July
Higher interest rates are giving rise to more multi-family homes in the Twin Cities metro, according to data from Housing First Minnesota.
Source: tcbmag.com