Tag: Housing Market
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Homebuilding off to slow start in 2023
Twin Cities homebuilding activity continues to stall as mortgage rates hold homebuyers on the sidelines. Metro builders pulled permits for 328 single-family homes in January, a 46% drop from January of last year. Multifamily construction in the Twin Cities hit a slump as well with a 53% drop in total permitted units from this time… Read More
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Twin Cities homebuilders respond to slowing market
According to the National Association of Home Builders Housing Market Index, builder sentiment in November fell to the lowest level since 2012, apart from the first two months of the COVID-19 pandemic. Throughout the pandemic, builders were seeing fast and furious demand from buyers. But now, overall economic uncertainty and mortgage rate increases have led… Read More
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State’s housing inventory continues its downward spiral
Minnesota’s housing market continues to hit new lows in the number of homes for sale, all while homebuyer demand remains strong. This has led to an even more intense home seller’s market where prices are hitting new highs with multiple offers on the table. According to the Minneapolis Area REALTORS®, the Twin Cities has just… Read More
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Builders adapt to evolving housing market
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The Parade of Homes announces collaboration with Bauhaus Brew Labs
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Gen Z: The future of homeownership
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10th annual Artisan Home Tour kicks off
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Bloomington passes zoning reform proposal
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Report showcases trends in new construction buyers’ habits
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In the dirt: updates from around the industry
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More affordable housing markets among the hottest in the U.S.
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Case study examines impact of 2017 condo defect reforms