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High construction prices hit Twin Cities Habitat for Humanity

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Construction costs have spiked more than 20% in the past 12 months for Twin Cities Habitat for Humanity due to COVID-driven shortages, forcing the organization to scale back its projects.
The St. Paul-based nonprofit, one of the largest Habitat affiliates in the nation, built and rehabbed 18 fewer homes than usual in the past 12 months and already has nixed five homes slated to be built or renovated through next spring.
We re hopeful as things loosen up, and maybe if the market slows down a little bit, that prices will start to come back in line, said Chad Bouley, the nonprofit s chief real estate officer. In the meantime, it s all a challenge . it s hard to plan around volatility. ....

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Rebuilding Together Twin Cities helps neighbors stay independent

Rebuilding Together Twin Cities helps neighbors stay independent
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Rebuilding in Greater Minnesota

Like many Minnesota communities, the southwest Minnesota town of Windom has a shortage of homes for sale at a time when more housing is needed to keep businesses and the local economy humming.
Homes for workers are at a premium, but the Cottonwood County city of 4,400 residents needs to expand and preserve its housing stock across the spectrum, said Drew Hage, Windom’s economic development director.
By way of example, the city has a mere 15 homes on the market at a time when there should be 50 homes for sale to maintain a healthy vacancy rate, Hage said. A new 45-unit apartment building, he added, was filled to capacity within a month of being completed last fall. ....

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