New housing construction in Plymouth is bucking the national trend. KSTP reports permits for single-family homes there are up 128 percent. City officials credit pent-up demand and the desirable Wayzata school district.
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With a nearly 50 percent increase in building permits, the construction industry in the Fargo-Moorhead area is having its best year since 2007, according to information released by the Fargo Moorhead Home Builders Association. The Forum reports new housing starts are also up more than 90 percent. The association's president attributes the increase to record low interest rates and more people moving to the F-M area from the hectic oil fields of western North Dakota.
The Los Angeles Times recently dropped in on Glenville, Minn., where the SoyMor plant has started up again. The paper says plants across the nation are ramping up thanks to a federal tax credit and renewable energy mandates. An industry trade group says production could break records this year.
Many Plymouth residents are outraged over a senseless spree of vandalism that left dozens with slashed tires. Police say vandals focused on the area around Xenium Lane and 35th Avenue in Plymouth. As of Saturday, there are no suspects.
Twin Cities banks are cashing in on the surge of multifamily construction, jostling to do business again with real estate developers, the Star Tribune reports. It's a sharp twist from the post-crash years when toxic concentrations of commercial real estate loans brought down so many small community banks and larger banks all but pulled out of construction and development lending.