Tag: Minnesota Department of Employment and Economic Development
-
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
-
Construction labor shortage continues even as wages increase
Despite Minnesota construction wages being up 8.9% from last year, the Minnesota Department of Employment and Economic Development (DEED) reported in September that the state is down 1,568 construction jobs from a year ago. Although construction employment in the U.S. is up 4% overall, Minnesota doesn’t seem to be following the same trend line. Brian… Read More
TOP STORIES
-
Builders adapt to evolving housing market
-
The Parade of Homes announces collaboration with Bauhaus Brew Labs
-
Gen Z: The future of homeownership
-
10th annual Artisan Home Tour kicks off
-
Bloomington passes zoning reform proposal
-
Report showcases trends in new construction buyers’ habits
-
In the dirt: updates from around the industry
-
More affordable housing markets among the hottest in the U.S.
-
Case study examines impact of 2017 condo defect reforms