Epcon Franchise Builders | Minnesota Home Builders

Minnesota Home Building Challenges

Unique Challenges

Rising Construction Costs: Minnesota builders are grappling with escalating material prices and labor shortages, significantly increasing construction expenses.
Regulatory Hurdles: Proposed updates to building codes in Minnesota could substantially raise costs and affect housing affordability. For example, new energy codes in the state require homes to consume 70% less energy by 2038. While these changes aim to improve efficiency, they may initially increase construction costs.

Minnesota Home Building Challenges

Types of Plateaus

Limited Lot and Land Availability: A scarcity of developed lots restricts opportunities for new projects and smaller builders, hampering expansion.
Labor Shortages: A deficit in skilled workers increases costs and limits builders’ capacity to meet housing demand. Despite Minnesota’s 10.4% increase in construction employment from 2018 to 2023, the industry continues to struggle with labor shortages.

Minnesota Home Building Challenges

Competitive Market Dynamics

Market Consolidation: The trend of larger, publicly traded home builders gaining market share likely applies, potentially leaving smaller builders with fewer opportunities to compete.
High Consumer Demand vs. Low Supply: High demand for housing and limited supply creates intense competition among builders in Minnesota.
Affordability Concerns: Rising home prices and increased construction costs make it difficult for builders to offer affordable housing options in Minnesota.

The 55+ Housing Opportunity in Minnesota

According to 2020 U.S. Census data, 1.7 million people over the age of 55 call Minnesota home. With a total population of 5.7 million people and 2.5 million housing units, Minnesota does not have enough homes for everyone, making it a promising opportunity for 55+ home construction.

Key Benefits

Grow Your Business With Epcon’s Home Builder Franchise

Franchising is a proven business model with a blueprint to run a thriving business, and our home building franchise is no different. Here are some of the key benefits Epcon offers our Franchise Builders:

Support and Training

Our team provides our Franchise Builders with extensive training in our land, marketing and sales systems processes. You also receive comprehensive development support from the Epcon Franchising network.

National Purchasing Advantages

Work alongside our experts to implement the purchasing standards and best practices for builders in Minnesota.

Proven Home Designs

You will gain access to proven home designs for the 55+ market in Minnesota.

Support and Training

Our team provides our Franchise Builders with extensive training in our land, marketing and sales systems processes. You also receive comprehensive development support from the Epcon Franchising network.