Jamie Tharp News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Twin Cities area homebuilders scramble in wild market Twin Cities area homebuilders scramble in wild market Lots for new homes in metro area are in short supply and prices are soaring along with demand.  May 1, 2021 8:00am Text size Copy shortlink: Think buying a house is like a combat sport these days? Try building one. Building sites are in short supply, the cost of materials is soaring and there s a dearth of skilled subcontractors at a time when sales are off the chart. So are prices. The median price of a new house in the Twin Cities has risen more than $4,000 each of the past three months, as builders struggle to balance a surge in demand with volatile costs that are forcing many to put a lid on sales.

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