Housing Industry

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 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 Strong Housing Demand Continues to Drive Twin Cities Homebuilding Activity

Strong Housing Demand Continues to Drive Twin Cities Homebuilding Activity

This month, Twin Cities single-family construction had its best October since 2005. There were 712 permits pulled for single-family homes this month, an increase of 28% over October of last year. Multifamily construction continues to slow its pace in the Twin Cities, with permits pulled for 675 units, a drop…

Posted in Housing Industry, Market Information | Tagged: Housing permits, October permit numbers, Twin Cities Housing Permits

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:

Image for Housing First Minnesota Honors 30 State Legislators with Housing Leadership Award

Housing First Minnesota Honors 30 State Legislators with Housing Leadership Award

ROSEVILLE, MINN.  — Housing First Minnesota, the state’s leading voice for the housing industry, has named 30 Minnesota state legislators as recipients of the 2020 Housing Leadership Award. This honor recognizes legislators who worked to promote housing affordability and homeownership during the 2020 legislative session. “At a time when the housing affordability crisis continues to…

Posted in Advocacy, Housing First Minnesota News, Housing Industry | Tagged: Housing Leadership Award

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