The majority of new single-family housing starts in 2023 were built on slab foundations, according to the National Association of Home Builders’ analysis of the Survey of Construction (SOC), with 72.4% of new homes built on slabs last year, compared to 45.8% in 2000. 16.6% of new homes were built with full or partial basements in 2023, down from 19.6% in 2022.
In the Twin Cities region, for the week ending November 30:
• New Listings decreased 34.4% to 515
• Pending Sales decreased 10.7% to 592
• Inventory increased 5.5% to 9,043
For the month of October:
• New Listings decreased 34.4% to 515
• Pending Sales decreased 10.7% to 592
• Inventory increased 5.5% to 9,043