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Q&A: Minnesota homebuilding in 'a positive spot' – Finance & Commerce

Minnesota’s single-family homebuilding market turned conventional wisdom about the state of the economy on its head in 2020.
While it may be a stretch to say that homebuilders are sorry to see 2020 go, residential contractors had a surprisingly strong year. The numbers don’t lie: In 2020, permits for new single-family homes in the 13-county metro area closed out the year roughly 5% ahead of 2019, according to the Keystone Report.
Todd Polifka, owner of Custom One Homes in Woodbury and the newly installed 2021 president of Housing First Minnesota, a homebuilder association with more than 1,000 members, is optimistic that growth will continue in 2021. ....

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