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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 their move-down home," said Todd Polifka, 2021 president of Housing First Minnesota, in statement. "Al...

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 Report for Housing First Minnesota. That included 536 permits to build single-family houses, a 32% increa...

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