HomeFinanceSingle-family permits down, multifamily up in May

Single-family permits down, multifamily up in May

Wooden house frame structure on a new development

For the year to date, single-family permits in the Twin Cities metro area are now 7% behind 2021. (Depositphotos.com image)

May 26, 2022
3:47 pm

Rocked by rising interest rates and escalating construction costs, Twin Cities single-family homebuilding activity plummeted in May as permits were down by double-digits during the month.



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