Housing Market Report: Year-To-Date Single- Family Construction in Select Cities

Year-to-date Single-family construction is down nearly 2 percent in the state, but is up 4 percent in the Twin Cities metro. The summer months saw a slight loosening of the existing housing market with inventory finally ticking up and buyers slowing down. But there continues to be a serious housing shortage in Minnesota especially at the entry-level price point where multiple offers are still being seen.

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