INSIDE THIS ISSUE: Slight Rise for Twin Cities Residential Construction
Several multi-family projects permitted in November 2014 helped the monthly units surpass November of 2013 totals by 34 percent.
Despite this, “the housing industry remains concerned for the near future as single-family construction continues to lag. As much of the economy rallies, new housing has stalled. Higher regulatory burdens continue to raise new home prices in Minnesota, adding an even greater burden for home buyers to overcome.”
Shawn Nelson, Builders Association of the Twin Cities 2014 president and president of New Spaces
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