New Housing Construction Slowly Increasing In the Twin Cities Region

Brace Helgeson

Sunday, May 10th, 2015May. 10th, 2015

New housing construction in the Twin Cities metro region is lagging slightly behind last year. The number of new apartments being built has seen a drastic decline, while the construction of single-family homes seems to be holding its ground.

In the month of April there were a total of 350 permits issued, to build a total of 451 units across the metro region according to data released by the Builders-Association of the Twin Cities (BATC). Compared to this time last year the number of new apartment permits issued was down 20 percent.

"We’re pleased to see stable numbers, but with early-year forecasts across the board predicting a year of more substantial gains, being flat is disappointing,” commented BATC President Chris Contreras.

If you are looking to buy or sell a home this winter contact me. Our group specializes inEden Prairie Real Estate,Chanhassen Real Estate,Chaska Real Estate,Lake Minnetonka Real Estate,Edina Real Estateand West Bloomington Real Estate.

Brace Helgeson Coldwell Banker Burnet

Licensed in Minnesota/Lic # 92065

Tags: Homes for Sale, Housing Market, Minneapolis Housing Market

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