Homebuilders

New house and apartment construction soared in December, ending a year to remember in Twin Cities residential real estate.

Purchases of new homes unexpectedly surged in November to the highest level since before the last recession, indicating resilient demand, according to government data.

November sales of existing homes in Wisconsin rose 4.2%, keeping the state on track for a record year, according to the Wisconsin Realtors Association.

Groundbreaking on single-family homes proceeded in November at the strongest pace in a decade, driving housing starts to a faster-than-estimated rate, government figures showed Tuesday.

New-home prices reached record levels in 2017, fueling homebuilder confidence to open several new communities next year.

PrimeLending is entering into an affiliated business arrangement with Dallas homebuilder Grand Homes that is expected to start producing loans in February.

Confidence among homebuilders jumped in December to the highest level since July 1999, exceeding all analyst estimates, as a growing economy boosts housing demand.

Mortgage applications for new home purchases increased by 12.2% in November from the same period a year ago, according to the Mortgage Bankers Association.

On the cusp of a new year — and winter — Twin Cities housing construction posted stellar late-season gains.

The housing supply shortage will continue into 2018 driving home prices higher next year than some market observers previously predicted.