Author: kristen Archive

Summer homebuilding in the Twin Cities metro is continuing to feel the squeeze of economic shifts. Overall homebuilding activity in the metro was statistically flat year-over-year. Metro builders pulled 541 permits for single-family homes in June – a 1% marginal increase in year-over-year activity. Multifamily construction, however, reported 189 units…

Mounting economic stressors are creating pressure on homebuilding activity in the Twin Cities. Metro builders pulled 590 permits for single-family homes in May – an 11% reduction in year-over-year activity. Multifamily construction also recorded an extremely low month of activity with just 22 units on record for May. “We’re generally…

Despite economic concerns, Twin Cities homebuilders recorded a positive month of activity. Metro builders pulled 608 permits for single-family homes in April, marking a 12% growth in year-over-year activity. Multifamily construction also recorded a 17% uptick in activity compared to the previous month. “Minnesota’s spring housing market is staying steady,…

Roseville, Minn – Twin Cities homebuilders saw a small decrease in activity in March, as mortgage rate pressures and economic uncertainty continue. Metro homebuilders pulled 380 permits for single-family homes throughout the month of March, marking a 6% decline in year-over-year activity. Multifamily construction, however, saw a healthy increase in activity…