Author: kristen Archive

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…

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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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Image for Homebuilding Holds Steady in November

Homebuilding Holds Steady in November

Roseville, Minn – Twin Cities homebuilding continued to show resilience in November. Metro homebuilders pulled 660 permits for single-family homes during the month of November – a 15% increase over the same time last year. Multifamily construction, however, saw a decrease in activity from the previous month. Builders pulled permits…

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Image for Fall homebuilding ends on a strong note

Fall homebuilding ends on a strong note

Roseville, Minn – Despite mortgage rates beginning to increase, Twin Cities homebuilding was strong in October. Metro homebuilders pulled 664 permits for single-family homes – a 13% increase over the same time last year. Multifamily construction, however, posted its first year-over-year increase since February. Builders pulled permits for 354 multifamily…

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Image for Housing First Minnesota Honors 2024 Legislators of the Year

Housing First Minnesota Honors 2024 Legislators of the Year

Housing First Minnesota, the state’s leading voice for housing, has recognized Sen. Lindsey Port (DFL-Burnsville) and Rep. Michael Howard (DFL-Richfield) as recipients of the 2024 Legislator of the Year awards. The honor recognizes legislators for their efforts in promoting housing affordability and homeownership opportunities for everyone, everywhere. “During the 2024…

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Image for Minnesota’s Homebuilding Industry Honors its Best at the 2024 Building Industry Gala

Minnesota’s Homebuilding Industry Honors its Best at the 2024 Building Industry Gala

Housing First Minnesota, the state’s leading voice for the housing industry, is pleased to announce the recipients of its coveted 2024 Builder of the Year, Remodeler of the Year, Associate of the Year and other housing awards including 12 Reggie Awards and 16 Remodeler of Merit Awards (ROMAs).   The awards were presented during Housing First Minnesota’s…

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Image for Pace of construction slows in September

Pace of construction slows in September

Twin Cities homebuilding saw a drop in activity in September despite lowering mortgage rates. Metro homebuilders pulled 524 permits for single-family homes during the month of September – a 20% decrease over last year. Multifamily construction also experienced year-over-year declines. Builders pulled permits for just 181 multifamily units in September…

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