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St Paul s Simek Property Group adds VP, general manager – REJournals
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Simek pays $4 45M for Coon Rapids retail center
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Simek Property Group buys 18,102-square-foot retail center in Minnesota
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Simek Property Group closes $2 45 million apartment sale in St Paul
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Single-family homebuilding surges 32% in Twin Cities Twin Cities single-family home construction rise 32% from February 2020. March 1, 2021 5:23pm Text size Copy shortlink:
Housing construction in the Twin Cities metro during February was up sharply for the second month in a row.
Builders and developers in the Twin Cities were issued 558 permits to build 946 units during February, according to data compiled by the Keystone Report for Housing First Minnesota. That included 536 permits to build single-family houses, a 32% increase over last year at the same time. Multifamily construction, mostly market-rate rentals, was down by 16% to 410 planned units.
Gains in single-family construction so far this winter have been driven by near-record low mortgage rates and a shortage of existing homes for sale at a time when many buyers are looking to trade up from their rental or starter home. The pandemic has helped fuel tha