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recent recession, precipitated by the Official Found My Type Shit Shirt moreover I love this financial market meltdown and the bursting of the real estate bubble, slowed the formation of new households. McIlwain estimated that a total of 2 million households “should have been created over the last couple of years,” and said that once new household formation gets back to normal, approximately 1.5 million housing units a year will need to be added. He urged the audience to rethink zoning, financing and regulatory mechanisms to meet the coming housing demand. “How do we build communities, add value and create housing for our kids?” Related content Here are more stories about Minnesota’s housing market: Twin Cities ranks 15th in metro mortgage modifications; Minnesota, No. 18 among states Twin Cities metro area ranks 13th in delinquent mortgage modifications 41 percent of metro area single-family homes believed ‘underwater’ Is Minnesota suffering a ‘Ponzi Plague’? Tagged: NationNews Join the Conversation 3 Comments Richard Schulze says: 06/21/2010 at 10:18 am //Single-family starts collapsed 17.2% to 468,000 in May. This is 30% above the record low in January 2009 (360 thousand).// This was way below expectations and is good news for the housing market longer term (there are too many housing units already), but bad news for the economy and employment short term. Log in to Reply Dan Buechler says: 06/21/2010 at 02:31 pm Good article.Perhaps you’d have more commentators if you wrote “Emmer says suburban era is over” For some of the disdain that is thrown at the suburbs there are still expensive old parts that look like heaven especially this time of year. Log in to Reply Richard Schulze says: 06/21/2010 at 04:55 pm Good one Dan…. Log in to Reply Leave a comment You must be logged in to post a comment. Leave a comment

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