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Homebuilder advocates have repeatedly said that the Twin Cities needs more housing, but so far this year only one of the two major residential construction sectors is doing its part to meet the rising demand for shelter.
The legislation, among other things, would allow for multifamily housing by-right in commercially zoned districts.
High interest rates crushed demand and forced builders to pivot to apartments.
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%.