The Housing Starts for Minneapolis / St Paul MN are up by 548 units from June to July 2013 to 1398 units. This includes Apartments and multifamily units.
Excluding apartments and multifamily units, the 1 Unit Structures are up 49 units from June to July 2013.
Given the current 3.7 month Absorption Rate in the Twin Cities, we should see the 1 Unit Structures permits begin to spike going into fall as new subdivisions are coming to the market. Builders are busy trying to provide supply to the market.
Mpls/St Paul Housing Starts Authorized by Building Permit (1 Unit Structures)
Mpls/St Paul Housing Starts Authorized by Building Permit
As you can see from the historical chart below, there is a ways to go for full recovery of the Home Building sector. We should see the 1 Units Structure Permits moving between the 800 to 1600 range.