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Wednesday October 4, 2023

THE MINNESOTA HOUSING INDUSTRY NEWS SOURCE BY HOUSING FIRST MINNESOTA

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  • Six Dream Homes announced as part of the Fall Parade of Homes
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    Six Dream Homes announced as part of the Fall Parade of Homes

    Tourgoers on this fall’s Parade of Homes will once again have the opportunity to help families in need when they visit the six Dream Homes. These six exceptional, hand-picked homes are the only homes on the tour where attendees pay a $5 admission at the door. The money raised from admission tickets supports the work… Read More

  • Home sales rise despite uncertain economic outlook 

    Home sales rise despite uncertain economic outlook 

    The headlines on the U.S. economy continue to be a mixed bag. While many economists believe a recession will rear its head in the next few months, many economic indicators remain stronger than experts expected.  Job growth has continued to exceed forecasts, auto sales are at a nearly two-year high, manufacturing is showing signs of… Read More

  • Judge hears building permit profit lawsuit

    The suit alleges millions of dollars collected by municipalities by overcharging permits and inspection services. Hennepin County Judge Francis Magill heard arguments in the lawsuits alleging the cities of Corcoran and Dayton overcharged for new residential building permits. The lawsuits were brought by Housing First Minnesota which is the publisher of Housing Industry News. The… Read More

  • Commentary: Big Problems Require Bold, Ambitious Action – Housing Is No Different

    Commentary: Big Problems Require Bold, Ambitious Action – Housing Is No Different

    By Nick Erickson, Housing Affordability Institute Editor’s note: Housing Industry News publishes a mix of commentaries online and in print. Across the nation, legislators and governors are thinking big when it comes to housing reform. Massive issues like the housing inventory, affordability and access problems seen in a growing number of states require bold and… Read More

  • Despite Headwinds, Builder Confidence Grows in February
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    Despite Headwinds, Builder Confidence Grows in February

    Homebuilder sentiment rose for the second consecutive month, according to the latest report from the National Association of Homebuilders. Builder confidence in the market increased seven points in February to 42 – the second strongest reading since September 2022. This latest report, driven by softening mortgage rates and increasing demand for inventory, comes despite rising… Read More

  • NAHB housing forecast predicts homebuilding activity to fall in 2023
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    NAHB housing forecast predicts homebuilding activity to fall in 2023

    The National Association of Homebuilders is projecting that single-family production will fall to in 2023, but start to rebound in 2024. NAHB made their annual forecast at this year’s International Builders Show in Las Vegas. NAHB’s chief economist Robert Dietz notes that the 2023 declines in building activity will feel more dramatic as production was… Read More

  • New WOTUS Definition Leads To Multiple Lawsuits
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    New WOTUS Definition Leads To Multiple Lawsuits

    A coalition of national trade organizations and the State of Texas filed separate federal legal challenges on Jan. 18, 2023, contesting the EPA’s revised definition of “Waters of the United States” (WOTUS), which regulates which land use projects require federal permits.  As Housing Industry News reported earlier this month, the new WOTUS definition reverts to the definition… Read More

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