Market Information

Image for Metro homebuilders start spring strong

Metro homebuilders start spring strong

Roseville, Minn – Metro homebuilders had another positive month of permitting activity with 405 permits pulled for single-family homes in March, a 37% increase from the same time last year.

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Image for Metro homebuilders start year on positive note

Metro homebuilders start year on positive note

Roseville, Minn –Twin Cities homebuilders kicked off 2024 with a positive month of single-family construction activity. Metro builders pulled permits for 359 single-family homes during the month of January, a 10% increase from the same time…

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Image for Homebuilding in the Twin Cities Remains Steady Despite Rate Hurdles

Homebuilding in the Twin Cities Remains Steady Despite Rate Hurdles

Roseville, Minn (September 2023) – Twin Cities single-family home construction saw another strong month in September as mortgage rates continue to rise and supply in the existing market dwindles. Metro builders pulled permits for 656 single-family homes during the month, an 80% increase from the same time last year. Activity…

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Image for Twin Cities Homebuilding Shows Strength Despite Rising Interest Rates

Twin Cities Homebuilding Shows Strength Despite Rising Interest Rates

Permits for Single-family homes increase 66% in August ROSEVILLE, MINN.  — Twin Cities single-family home construction saw strong gains in August even as interest rates reached a 20-year high. Metro builders pulled permits for 571 single-family homes during the month, a 66% increase from August of last year. Multifamily construction; however,…

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Image for Home construction in the Twin Cities sees gains in July

Home construction in the Twin Cities sees gains in July

Single-family home construction enters positive territory for first time since last year Roseville, Minn – Twin Cities single-family home construction in July recorded its first month of positive activity since January of 2022. Metro builders pulled permits for 446 single-family homes during the month, a 38% increase from last year.

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