Tag: Minnesota Department of Employment and Economic Development
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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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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
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Housing supply solutions left on the table
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Exclusive: Minnesota single stair review shows taller buildings possible with code changes
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Federal government withdraws energy code rule
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A framework for improved model building codes
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Less efficient, older homes make up greatest share of housing stock as energy codes focus on new home construction