Media

Twin Cities housing construction up 111 percent in April

Monday, April 29, 2013

Housing construction in the Twin Cities was up more than 110 percent, making it one of the best Aprils in nearly a decade.

“The degree of optimism and confidence is a lot different than it was in any previous year,” said Herb Tousley, the author of a housing monthly report from the University of St. Thomas. Tousley said that while the shortage of homes for sale is frustrating for buyers, it’s been a boon to area builders. “Data show that the construction and sale of new homes is beginning to play a larger role in the Minneapolis-St. Paul housing market,” Tousley said.

Originally published: 04/29/2013, Star Tribune