Single-Family Construction on the Rise in the Twin Cities
Despite higher mortgage rates, home building in the Twin Cities metro area saw a surprising uptick, with double-digit growth in for-sale, single-family housing construction, contrasting sharply with the continued decline in apartment construction.
According to the StarTribunne, Higher mortgage rates continue to have a counterintuitive impact on home building in the Twin Cities metro as construction of for-sale, single-family housing increased at a double-digit pace while apartment construction maintained its free-fall.
