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2 clusters · 6 sources · 3 days · First seen · Last updated

St. Paul rent control and housing construction

Overview

Following the 2022 implementation of rent control in St. Paul, Minnesota, the city has experienced a reported 60 percent decline in building permits for new housing construction. Critics and economists suggest that strict rent caps, which do not account for inflation, discourage investment and reduce the overall housing supply.

In contrast, the neighboring city of Minneapolis has seen an increase in building permits. While Minneapolis politicians also voted for rent control, they implemented more cautious policies, which has reportedly led developers to shift construction activity toward their jurisdiction to avoid the regulatory environment in St. Paul.

Entities

Aisha Chughtai · Mercatus Center · St. Paul · Salim Furth · Minneapolis

Timeline

  1. 8 days ago

    [BUSINESS] 2 sources
    St. Paul housing construction declines following rent control implementation

    Rent control measures in St. Paul have led to a 60% drop in building permits, while neighboring Minneapolis has seen increased construction as developers avoid strict rent caps.

  2. 11 days ago

    [BUSINESS] 4 sources
    St. Paul rent control leads to 60% drop in building permits

    Rent control in St. Paul, Minnesota, has led to a 60% drop in building permits, while neighboring Minneapolis has seen increased construction activity.

Sources

dailysignal.com · heraldstandard.com · lucianne.com · pjmedia.com · reason.com · thealpenanews.com