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Apartment boom reaches St. Cloud area

Roughly a dozen new apartment projects are adding hundreds of units in central Minnesota, the St. Cloud Times reports. It is part of the nationwide trend of more people turning to multifamily housing.
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Roughly a dozen new apartment projects are adding hundreds of units in central Minnesota, the St. Cloud Times reports. It is part of the nationwide trend of more people turning to multifamily housing.

Nationally, CNBC reports, multifamily housing starts were up 30 percent in July from a year ago, according to the U.S. Commerce Department.

Developers in the Twin Cities metro are also trying to cash in on the surging demand for apartment complexes.

A report from the Minneapolis Area Association of Realtors last month indicated the housing market might be finding its footing again.

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