U.S. housing starts fell 2.8% from the previous month to a seasonally adjusted annual rate of 1,465,000 units in April, the U.S. Census Bureau reported. Despite the monthly decline, starts were up 4.6% from one year earlier. Building permits rose 5.8% month-over-month to a seasonally adjusted annual rate of 1,442,000, while housing completions grew 4.8% to 1,449,000.

In the Twin Cities region, for the week ending May 30:

• New Listings increased 7.4% to 1,617
• Pending Sales increased 10.3% to 1,036
• Inventory increased 6.8% to 10,560

For the month of April:

• Median Sales Price decreased 2.1% to $391,500
• Days on Market increased 14.0% to 57
• Percent of Original List Price Received decreased 0.4% to 99.3%
• Months Supply of Homes For Sale increased 12.5% to 2.7

All comparisons are to 2025

Click here for the full Weekly Market Activity Report. From MAAR Market Data News.