In Minneapolis and St. Paul, it's hard to walk the lengthy of a city block without spotting some type of new housing development. Residential housing construction is on the rise, and this boom includes not only single-family residential properties but also commercial real estate. According to the Star Tribune, 33 permits were issued to developers who intended to build multifamily units. Those 33 permits will amount to 334 new multifamily units within the Twin Cities—a steep increase of about 32 percent from this same time last year.
Multifamily units are a viable option for many commercial real estate investors, particularly in markets where this type of housing is in high demand. In Minneapolis and St. Paul, the housing market has become
…
Tax Reform was a hot topic during the campaign leading up to the presidential election, but details of President Trump's tax reform plan have been slow in coming since inauguration day. Now that it seems other issues have stalled, the administration has moved on to discussions of changes to the tax code.
It has been said often enough that construction activity reflects the health of other commercial ventures. If that's so, then the prospect for continued construction industry growth in the Twin Cities over the coming year is excellent. Business is good, and in many fields, it's expected to get even better. Even though there were some concerns voiced in February of this year when a group of industry leaders from different field gathered to discuss the trends, most indicators in this last quarter are still positive.