Year: 2025 Archive

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 the lowest average Home Energy Rating System (HERS) Index Scores of all states that energy tested more than 4,000 homes in 2024. The lower the HERS Index Score, the more energy-efficient the home is. According to RESNET, Minnesota tested 8,881 homes…

Posted in Green Homes, MN Green Path | Tagged:

Image for Twin Cities Homebuilders Feel Impacts of Economic Outlook

Twin Cities Homebuilders Feel Impacts of Economic Outlook

Roseville, Minn – Twin Cities homebuilders saw a small decrease in activity in March, as mortgage rate pressures and economic uncertainty continue. Metro homebuilders pulled 380 permits for single-family homes throughout the month of March, marking a 6% decline in year-over-year activity. Multifamily construction, however, saw a healthy increase in activity…

Posted in Market Information | Tagged:

Image for The Parade of Homes Heads to the Rochester Metro Area

The Parade of Homes Heads to the Rochester Metro Area

The Parade of Homes has been a trusted guide for Minnesota’s homebuyers for over 70 years, making it the oldest and largest home tour brand in the country. The Parade of Homes is excited to head to the Rochester area, continuing its mission of helping Minnesotans find the…

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Image for The Top 25 Builders of 2024

The Top 25 Builders of 2024

ROSEVILLE, MINN.  —  Results from a recent survey by Housing First Minnesota show that Lennar was the region’s top-ranked builder once again in 2024. Lennar has held the top spot since 2006. Rankings are based on annual gross revenue as reported by respondents for for-sale housing. Together, the Top 25 Builders…

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Image for Metro Homebuilding Falters as Mortgage Rates Hinder Market Activity

Metro Homebuilding Falters as Mortgage Rates Hinder Market Activity

Roseville, Minn – The impacts of mortgage rates are beginning to show in the new construction sector. Metro homebuilders pulled 374 permits for single-family homes throughout the month of February – a 9% decline from last year. Multifamily construction saw a sharp decline in activity in February with permits being…

Posted in Market Information | Tagged:

Image for Twin Cities Residential Construction Continues to Show Strength in New Year

Twin Cities Residential Construction Continues to Show Strength in New Year

Roseville, Minn – Homebuilders in the Twin Cities started 2025 on a high note. Metro homebuilders pulled 461 permits for single-family homes during January – a 28% increase over the same time last year. Multifamily construction remained largely unchanged year-over-year with 213 units for the month. However, activity was down…

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Image for Housing First Minnesota Names 2025 Board Chair

Housing First Minnesota Names 2025 Board Chair

Housing First Minnesota inducted its 2025 board chair at its annual meeting last month at the Golden Valley Country Club. Tim Fohr, vice president of forward planning for Lennar, was elected to serve as the association’s board chair and will lead a 24-member board during his year-long term. As…

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