Housing First Minnesota News

Image for Demand for Single-Family Homes in the Twin Cities Pushes Homebuilding Higher in May

Demand for Single-Family Homes in the Twin Cities Pushes Homebuilding Higher in May

The Twin Cities continues see more homebuyers than there are homes for sale, which is pushing permits for new homes to numbers not seen since 2006. Single-family homes continue to be the most desired option in the market with permits up 70% over last May and up 50% for the…

Posted in Housing First Minnesota News, Housing Industry, Market Information | Tagged: Housing Data Twin Cities, Housing permits, Twin Cities Home Builders

Image for Twin Cities Home Construction Continues to Surge in March

Twin Cities Home Construction Continues to Surge in March

The impacts of historically low existing housing inventory and low mortgage rates continue to push demand for new single-family homes in the Twin Cities to highs not seen since 2004. For the month of March there were 631 permits pulled for single-family homes, an increase of 50% over March of…

Posted in Housing First Minnesota News, Housing Industry, Market Information | Tagged: Housing First Minnesota, Residential Permits, Single-family Construction, Twin Cities Housing Data, Twin Cities Housing Market

Image for Record Low Inventory and Interest Rates Continue to Bolster New Homebuilding Activity in the Twin Cities

Record Low Inventory and Interest Rates Continue to Bolster New Homebuilding Activity in the Twin Cities

Twin Cities homebuilders had another strong month in January with total permits for new housing hitting levels not seen since 2006. Single-family construction in the area hit double digit gains over January of last year with 541 permitted units marking a 32% increase over 2020. Twin Cities multifamily construction had one…

Posted in Housing First Minnesota News, Housing Industry, Market Information | Tagged:

Image for Housing First Minnesota Names Todd Polifka its 2021 President

Housing First Minnesota Names Todd Polifka its 2021 President

In true 2020 fashion, Housing First Minnesota’s 2020 president, Gary Kraemer, virtually passed the torch to the association’s 2021 president, Todd Polifka, during the annual state of the industry and board induction event on Dec. 17. Polifka, president of Custom One Homes, brings more than 20 years of experience working…

Posted in Housing First Minnesota News | Tagged: 2021 Housing First Minnesota President, Board of Directors, Housing First Minnesota

Image for Single-Family Construction Continues to Surge As Homebuilders Make up for Slow Spring

Single-Family Construction Continues to Surge As Homebuilders Make up for Slow Spring

The number of permits pulled for new single-family homes continued to soar in November, making up for the slow spring and bringing the total number of single-family permits for the year into the positive growth column. There were 701 permits pulled for single-family homes this month, an increase of 8%…

Posted in Housing First Minnesota News, Housing Industry, Market Information | Tagged: Homebuilding, Housing Data Twin Cities, Housing Market, New Home Data, Permit Numbers

Image for Twin Cities Homebuilding Surges in September

Twin Cities Homebuilding Surges in September

Construction for new single-family homes picked up significantly in September as low interest rates and pent up demand continue to impact the housing market. With 650 permits pulled, single-family construction jumped by 38% over September of 2019. That’s the highest number of single-family permits pulled in the month of September…

Posted in Housing First Minnesota News, Housing Industry, Market Information, Uncategorized | Tagged:

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