Tag: Housing Shortage
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St. Cloud community leaders gather to address workforce housing shortage
Community leaders in the St. Cloud area gathered at St. Cloud State University on March 23 to discuss the area’s growing workforce housing shortage. The event was hosted by St. Cloud State University’s School of Public Affairs and organized with additional support from United Way Central Minnesota, Central Minnesota Builders Association, CentraCare, St. Cloud Area […] Read More
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Zoning modernization takes first steps at Capitol
As the legislature moves into its third month of the 2023 session, Minnesota’s crisis-level housing supply challenge took its first step forward. Rep. Steve Elkins (DFL-Bloomington) authored HF 2235, a zoning modernization bill, calling it the ‘Legalize Affordable Housing Act’. The measure cleared its first hurdle, passing out of the House of Representatives Housing Committee. […] Read More
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Home Price Growth Returns to Historic Norms
According to new data from Minneapolis Area REALTORS® and the St. Paul Area Association of REALTORS®, the Twin Cities market started to show signs of a return to normalcy in February. The median home sale price was up 2.7 percent to $341,995. This is compared to nearly three years of about 10 percent year-over-year increases. According to […] Read More
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Modular homes continue to be difficult to build in the Twin Cities
As the Twin Cities continue to face a massive housing shortage, modular construction has been named as a potential partial solution, but the metro continues to create roadblocks for these builders. Modular homes can be built in 45 to 60 days and cost roughly 25% less than a conventionally built home, but most modular homebuilders […] Read More
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Growing coalition calls for legislature to address zoning reform
As the housing inventory and affordability crisis continues to worsen in Minnesota, a broad coalition is pressing the legislature to take action. The coalition, which includes the Minnesota Realtors®, Housing First Minnesota, the Minnesota Multi-Housing Association, Minnesota Chamber of Commerce and others, is urging the legislature to adopt Senate File 3259, which has emerged as […] Read More
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Lennar plans to bring 154 townhomes to Maple Grove
Lennar Corporation will be building 72 townhomes in Maple Grove, and they hope to add an additional 82 townhomes to their already approved project for a total of 154 market-rate units in the new Weston Commons neighborhood. The three-bedroom, two-bathroom townhomes sized between 1,700-1,800 square feet will be sold starting at $350,000. Some are slated […] Read More
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M/I Homes to bring 900 homes to the
marketplace in five metro citiesAs the dire need for more housing units in Minnesota continues, M/I Homes announced in a press release that it plans to bring 900 units, including townhomes, single-family houses, twin homes and villas, to Blaine, Delano, Corcoran, Shakopee and Minnetrista. “By opening these five communities, each with multiple product offerings and needs, we are striving […] Read More
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Senate takes first step toward addressing exclusionary zoning
As the Minnesota Legislature convenes for its 2022 session, legislators find Minnesota’s housing market facing historic headwinds. The inventory of available homes is consistently at or among the worst in the United States, the homeownership equity gap measures the worst in the country and new-home housing affordability in our state is the worst in the […] Read More
