Twin Cities home building still climbing

Article by: PATRICK KENNEDY , Star Tribune
Updated: October 2, 2012 - 9:02 PM

Permits issued in September were the highest in five years.

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dtmonkeyboyOct. 2, 1210:05 PM

1200 units in Minneapolis...4 times more than any other city, yet some on here continue to claim the city is on the decline.

thisislameOct. 2, 1210:32 PM

Blaine? So the Twin Cities includes Canada?

bgmach3Oct. 3, 12 6:42 AM

Sure it is. Banks can keep lending meanwhile the older homes across the street you can't give away. And five years from now when the buyers don't have jobs, or have job transfers and can't sell there will be another round of foreclosures. Some real thinking going on here, but the main thing is bank keep MAKING MONEY!

cavellOct. 3, 12 7:02 AM

people cannot sell existing houses. so many bank owned houses. huge inventory of empty stock. and we jump up and down over building MORE houses?

west336Oct. 3, 12 8:12 AM

These numbers are terrible! Wasn't it like 10X this number in the 2000's? I realize we're in a recession but wow are these numbers low!

birdpeepOct. 3, 1210:53 AM

Percentage increases are a funny thing. if you sold one house last year, and this year you sold two, that is a 100 percent increase. Disregard the fact that ten houses would be an average sale year, and your 100 per cent increase sounds pretty good, doesn't it.

kregermattOct. 3, 12 4:21 PM

I read the permit list each week in Finance and Commerce and most of the permits being pulled are of cheap quality with cheap builders. The standards of practices are going bye bye. People do not care for quality anymore. The building contractor is using the lowest bidders using cheap products. People need to educate themselves on quality over quantity.