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Homebuilding in the Twin Cities fell steeply during November

In a reversal, some Twin Cities homebuilders have inventories of houses that are ready for occupancy.

United statesFreddie macJames julkowskiAmy hendelTwin citiesHousing first minnesotaWayzata based hendel homesDavid weekley homesTwin lakesOrono crossingsMinneapolis area

Twin Cities home builders hit the brakes

The first half of the year was super busy for builders. But this month was the slowest October in a decade for them.

United statesNicole bachaudJames julkowskiRegional multiple listing serviceTwin citiesHousing firstHousing first minnesotaMinneapolis area

Housing construction in Twin Cities metro dips for fifth month

Declines in for-sale new housing have been offset by an increase in demand for new rental housing as higher borrowing costs are forcing some would-be buyers to rent instead.

United statesEden prairieFreddie macJames julkowskiSam khaterTwin citiesHousing first minnesotaKeystone reportLouis park

Home building in the Twin Cities lost momentum this month

Permits for single-family homes fell 28% while those for apartment units were up 2%.

United statesFreddie macJames julkowskiUs department of commerceTwin citiesKeystone reportHousing firstMinneapolis area

Multi-Family Construction Surpassed Single-Family Homebuilding in July

Higher interest rates are giving rise to more multi-family homes in the Twin Cities metro, according to data from Housing First Minnesota.

United statesJames julkowskiDjuly shutterstockJames vagleHousing first minnesotaHousing first

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