Year: 2023 Archive

Image for Homebuilding Slowdown in the Twin Cities Continues

Homebuilding Slowdown in the Twin Cities Continues

Multifamily activity plummets; single-family shows signs of improvement Roseville, Minn – Single-family home construction in the Twin Cities remains behind last year’s pace but continues to pick up speed. Multifamily construction activity in the metro continues to slow. Twin Cities builders pulled permits for 524 single-family homes this month, a…

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Image for Twin Cities Homebuilding Activity Picks Up in May

Twin Cities Homebuilding Activity Picks Up in May

Single-family permits fall by 13% year-over-year in May Homebuilding is starting to show some signs of improvement as the demand for new homes in the Twin Cities remains strong. Twin Cities builders pulled permits for 487 single-family homes in May, a 13% decrease from this time last year. While still…

Posted in Market Information | Tagged: Homebuilding permits, Housing Market Data, May building activity, May Construction, Residential construction, Twin Cities Homebuilders, Twin Cities Homebuilding

Image for 2023 Summer Artisan Home Tour by Parade of Homes FAQs

2023 Summer Artisan Home Tour by Parade of Homes FAQs

Housing First Minnesota’s ticketed, high-end home event, the Artisan Home Tour, will launch its 10th tour on June 9. Open Fridays through Sundays until June 25, the tour features 16 new homes open all three weekends and seven high-end remodels open the final weekend. Tickets are on sale online…

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Image for Twin Cities Homebuilding Continues Its Slump in April

Twin Cities Homebuilding Continues Its Slump in April

Homebuilding continues to lag in the Twin Cities even as the metro faces a stark shortage of homes. Twin Cities builders pulled permits for 386 single-family homes in April, a 38% drop from this time last year. Multifamily construction continued its downward trend with permits pulled for 240 units, an…

Posted in Housing First Minnesota News, Market Information | Tagged: Housing Data Twin Cities, Housing Market Data, Residential Building Permits, Spring Housing Market

Image for Twin Cities Homebuilding Industry Honors 2023 Spring Award Recipients

Twin Cities Homebuilding Industry Honors 2023 Spring Award Recipients

Housing First Minnesota, the state’s leading voice for the housing industry, is pleased to announce the recipients of its coveted spring awards honoring excellence in homebuilding. This spring’s awards include 21 Reggie Awards℠ for homes selected for outstanding design, construction quality and value, and 45 Trillium Awards for industry suppliers…

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Image for Minnesota Homebuilders Remain Committed to Green Building

Minnesota Homebuilders Remain Committed to Green Building

According to Residential Energy Services Network (RESNET), Minnesota has one of the lowest average Home Energy Rating System (HERS) Index Scores of all states in the country that energy tested more than 3,000 homes in 2022. The lower the HERS Index Score, the more energy efficient the home is. According…

Posted in Green Homes, Market Information, MN Green Path | Tagged: Energy Tested Home, Green Building, Green Path Home Performance Report, Minnesota Homebuilders

Image for Twin Cities Homebuilding Activity Slows to a Crawl in March

Twin Cities Homebuilding Activity Slows to a Crawl in March

Permits for New Housing Fall by 44% in March No relief in sight for the Twin Cities housing shortage as homebuilding activity continues to slow in March. Twin Cities builders pulled permits for 324 single-family homes in March, a 43% drop from this time last year. Multifamily construction…

Posted in Market Information | Tagged: March Building Permits, Parade of Homes, Twin Cities Homebuilding, Twin Cities Housing Market

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