Homebuyer demand is strong in the Twin Cities, and as a result, builders are doing what they can to keep up. According to data compiled by the Keystone Report for the Builders Association of the Twin Cities (BATC), there were 487 permits issued for a total of 1,029 units during four comparable weeks in the month of October, 2013. As of Nov 4th, regional cities issued 4,502 permits for a total of 8,618 units.
In a September Star Tribune article in was noted:
“Buyers have and will move further out of the metro area to find value,” Palmiter and Pankratz said. “Subdivisions in good locations along good transportation corridors and in perceived good school districts are back in demand.”
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