Apartment construction tripled in the Twin Cities during May
Rental construction soared while single-family construction fell, according to a monthly building permit report.
Source: startribune.com
Page 2 - Keystone Report News Today : Breaking News, Live Updates & Top Stories | Vimarsana
Stay updated with breaking news from Keystone Report. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Top News In Keystone Report Today - Breaking & Trending Today
Twin Cities new homebuilding permit applications lowest since 2016
As low mortgage rates, high housing demand and low inventory continue to be the themes of the real estate industry in 2022, Twin Cities builders pulled permits for the fewest number of new housing units since 2016 during the month of February.
Source: fox9.com
Robust year for new homes
Rising development costs and other barriers to new construction weren’t enough to keep the Twin Cities from reaching a 16-year high in new homes permitted during the past year – but builders say the robust production isn’t enough to satisfy demand.
Source: finance-commerce.com
Homebuilding in the Twin Cities reached a 16-year high in 2021
Rental apartments accounted for more than half of all housing construction during 2021.
Source: startribune.com
Twin Cities home building permits down 12% during November
Despite the decline in single-family construction during November, apartment construction increased slightly, putting housing construction on track to beat 2020.
Source: startribune.com