Tag: Single-Family Home
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January Marks a Sluggish Start for Homebuilding in the Twin Cities
Twin Cities homebuilders saw a slow start to their year in January as mortgage rates and overall affordability woes continued to keep potential buyers out of the market. According to the latest data from the Keystone Report, homebuilders in the Twin Cities pulled permits for single-family homes at a 46% slower rate than January 2021. […] Read More
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Housing inventory remains low even as housing market shifts
Across the country rising mortgage rates and inflation have had a stifling impact on the housing market. It is no surprise when considering that from the start of the year, mortgage rates have more than doubled, increasing from 3% in January to rates now over 6% this fall. Permits for new single-family homes have fallen […] Read More
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Oronoco project for single-family homes moves forward
E and K Boelter Trust continues to progress toward building 29 single-family homes on 79 acres of land in Oronoco Township. A few weeks ago, Oronoco Planning Advisory Commission approved the company’s general development plan and land designation name change, despite some neighborhood controversy around the project. Despite plans to curb the slight uptick in […] Read More
