In the Minneapolis/St. Paul metro, it appears builders are getting down to business. The Star Tribune reports:
Home Builders in the Twin Cities had their best September in a decade. Apartment developers had one of their worst.
Throughout the 13-county metro area, 526 permits were issued to build 767 units, according to the Builders Association of the Twin Cities. That was a 36 percent increase in permits and a 15 percent decrease in units.
Those September permits will enable construction of more than 500 single-family houses, a nearly 40 percent increase over the last year, while apartment construction during the month declined by half.
“We’re very excited to see this year’s permit numbers outpace 2015, but we know that we still have a ways to go to get back to normal market levels,” said David Siegel, executive director of the builders association.