Twin Cities housing construction rates rise - Bring Me The News

Twin Cities housing construction rates rise

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Home and apartment construction in the Twin Cities nearly tripled this month compared with last year, a signal that the metro housing market is rebounding, the Star Tribune reports.

The home-building industry is far from regaining lost ground, but it is clearly on the upswing, the newspaper reports.

In related news, contractors are scrambling to find construction workers – there's a shortage nationwide as the home-building market revives and some commercial sectors get stronger, USA Today reports.

Meanwhile, homes are selling. The U.S. Commerce Department on Wednesday reported that home sales overall increased 17 percent compared with last year, although U.S. sales of new homes fell slightly in October from the previous month, the Associated Press reports.

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