“The recovery has not taken place, but the housing recession is over,” says Lawrence Yun, NAR’s chief economist. “The presence of multiple offers implies that housing demand is not being satisfied due to a lack of supply. Homebuilders are ramping up production and hiring workers.”
August 15, 2023
Home construction in the Twin Cities sees gains in July
Single-family home construction enters positive territory for first time since last year. See the full metrics for July home construction here. Share on Facebook Tweet Pin it LinkedIn
