Tag: New Construction
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Report showcases trends in new construction buyers’ habits
Zillow’s 2023 New Construction Consumer Housing Trends Report delves into the latest trends and insights shaping the new construction homebuyer industry As the housing market continues to evolve and adapt to changing consumer demands, Zillow has released its 2023 New Construction Consumer Housing Trends Report. The report delves into the latest trends and insights shaping… Read More
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Bloomington progresses affordable senior housing project
MWF Properties, a Richfield-based developer that specializes in multifamily projects, is moving forward with a 125-unit building geared toward people 55 and older. The project, which will provide a mix of studios and one- and two-bedroom apartments, will provide nine units available to those making 30% of the area median income (AMI), 23 units at… Read More
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St. Paul revisits rent control after federal lawsuit and decline in production
After a citywide slowdown in housing construction and a federal lawsuit, the city of St. Paul has taken steps to amend the city’s voter-approved rent-control ordinance that took effect in May. In November 2021, St. Paul residents approved the nation’s strictest rent control measure. St. Paul’s rent control policy capped rent increases to 3%, and… 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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Building Code TAG completes work; some proposals head to Legislature
Housing affordability legislation review completed Talk of comprehensive housing policy reform at the state Capitol has gained the interest of the Minnesota Department of Labor and Industry (DLI). In September 2021, DLI formed a Technical Advisory Group (TAG) to review several pieces of legislation expected to be part of the 2022 legislative session. In the… Read More