Twin Cities Single-Family Homebuilding Slows as Rates and Affordability Impact the Market
Permits for new single-family homes in the Twin Cities metro continue to slow as homebuilders see more buyers impacted by higher interest rates and affordability. At the same time multifamily construction has surged ahead in the metro area, now making up nearly 70% of permitted housing units year-to-date. For the…
Posted in Housing First Minnesota News, Housing Industry | Tagged: Homebuilding, Housing Market Data, July Construction Permits, Twin Cities Housing Permits