Norhart Apartments tackles affordable housing crisis one steel stud at a time

When Norhart Apartments experienced the rising costs of lumber – and other supplies – in the early months of the pandemic, CEO Mike Kaeding knew it was time to flip a switch, one he’d been working toward since he took over the family business in 2014. Norhart Apartments bought a facility in Forest Lake off 11th Street in the summer of 2021 to create a “steel stud factory” to manufacture its own materials and pre-construct wall panels for the apartment buildings the company owns and manages.

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