Twin Cities home building coming around

  • Article by: JIM BUCHTA , Star Tribune
  • Updated: January 3, 2013 - 9:16 PM

Construction of housing in the Twin Cities area last year almost exactly doubled from 2011. But it remains well below normal.

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dtmonkeyboyJan. 3, 13 9:25 PM

Wow..15,000 total housing units in the state and more than 3,100 are in Minneapolis proper. Minneapolis already has more households than any time in its history...and within a decade it might top it peak population....which is amazing considering how many fewer kids people have today.

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gemie1Jan. 4, 1312:15 AM

Many people still need to sell their homes, before they can think of purchasing. Many homes are under water and we still need to see prices go up. There was an article saying that more homes will be in foreclosure. Instead of 12 month inventory, there is about a 9 month supply of homes for sale. I cannot see in the next three years, much of a change in real estate.

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bgmach3Jan. 4, 13 5:48 AM

Great! More foreclosures in five years. And more work for demolition companies as they will be leveling older neighborhoods that still can't give their home away. Most likely because they are of a practical size but lacking the golden ticket of having granite counter tops. What a joke!

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peterschiffJan. 4, 13 6:34 AM

Exactly what we don't need: More homes. There is already a glut of homes on the market. America is a one trick horse and along with the Federal Reserve as ''Federal'' as Federal Express will try to keep blowing this bubble. I am glad I left the US. My home is not made of wood. The skeleton of that house makes me laugh. My home in Germany is made of solid concrete slabs welded together. My house might lose a roof in a hurricane while the American equivalent will be leveled. Everything looks good on the surface in America but is really cheaply made.

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hughJan. 4, 13 6:54 AM

Granite counter tops are going out like green shingles did.

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joe_mnJan. 4, 13 9:01 AM

What's the hot new countertop material?

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littlebootsJan. 4, 13 9:28 AM

Me, well I just can't wait until the 3-D printing home constructing machines in development now eliminate all these construction jobs as well. Have you seen these things? It's like a giant mobile crane that comes in and builds the entire house by itself, no people needed. Mechanization is the future for 75% of jobs that are still done by people.

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littlebootsJan. 4, 13 9:30 AM

How is Saint Paul faring? No mention of the glorious old city in the article about the "Twin" cities...

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chiefwiggumJan. 4, 13 9:36 AM

YAY...MOAR SPRAWL! Hooray for sustaining the unsustainable!

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mnnative5Jan. 4, 13 9:43 AM

Maybe not in every case, but old homes don't have any appeal. It would be nice if we had more timless designs in our homes. I think there is a limited market for the old, and that's why the new home builders still thrive. If edina looked like the old homes in the netherlands say, would we still be buying new homes like we do? Who knows.

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