As home sales rise, builders smile

  • Article by: JIM BUCHTA , Star Tribune
  • Updated: April 30, 2012 - 9:35 PM

Twin Cities construction is still near historic lows, but rising home sales and strong apartment demand help keep builders busy.

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theagonybhoMay. 1, 12 8:39 AM

There is no rising home sales, apartments as they say are being built everywhere because either people lost thier homes or are getting out. That is not a good sign.

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dirteaharryMay. 1, 12 9:15 AM

Reorted this week: Home ownership at a 15 year low. When will they stop trying to convince us things are getting better? Probably after the election.

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hrearden57May. 1, 12 9:32 AM

Soviet style apartment houses. The Ministry of Truth reorts everything is just wonderful.

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sheepdoggedMay. 1, 1210:13 AM

Apartments are WAY more expensive in the long run. Consumer confidence is going to take a long time to rebound before any housing market sales go up.

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mouthwashMay. 1, 1211:53 AM

They are building empty houses so that it will LOOK like the housing market is strong.

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mattmoscMay. 1, 12 1:49 PM

It is nice to see the construction workers get some jobs. Will this last? My guess is no unemployment is still way too high!

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swatisedMay. 1, 12 2:48 PM

theagonybho - "There is no rising home sales, apartments as they say are being built everywhere because either people lost thier homes or are getting out. That is not a good sign." ............. WRONG. Its a sign that the twin cities are growing up and increasing its urban population density. you cannot achieve the economic beneifts of scale without increasing that pop. density. What you are really saying is that you don't like a real urban core. You liked the idea of an urban neighborhoods that are 80% yards and suburban neighborhoods that are 95% private homes with yards. that's the old flat as a runny cow-flop ruralistic model. More apartments will make light-rail/mass-tranist development now look like a genius. More apartments - fewer houses. Private homes on 1/2- 1-acre ( or larger) lots create a very expensive and car-centric development environment.

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