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Multi-Housing Construction Rises in December

MINNEAPOLIS-Multi-family units account for 45% of the 1,402 units planned, but year-to-date accounts for 49% of total units, according to the Builders Association of the Twin Cities.

By Jim McCartney | Updated on January 16, 2004

MINNEAPOLIS-New housing starts remained strong in the Twin Cities in December, including multi-family planned units that accounted for 45% of the units.

This compares to multi-family units running at 44% in 2002, 41.5% in 2001, and 37.5% in 2000.

“We added over $3 billion to the local economy in 2003, providing a whole host of jobs as well as homes for local families,” says Rick Kot, 2004 president of the Builders Association of the Twin Cities and president of R.A. Kot Homes Inc.

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