The Twin Cities provide a case study for the role of the housing market in regional employment markets.
"The Minneapolis/Saint Paul metropolitan area is a prime example of how strong employment growth is putting a strain on the housing supply available in many U.S. cities," according to an article by Beth Mattson-Teig.
Among the data signaling this disconnect: a rising number of cost-burdened households, the country's lowest unemployment rate among large cities, and a shortfall in workers (a gap of 114,000 workers is anticipated by 2020).
The housing shortage in the Twin Cities was the focus of discussion at the recent ULI Minnesota / Regional Council of Mayors 9th Annual Housing Summit, which Mattson-Teig takes as inspiration for this post.
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