Market Information

Image for Twin Cities Homebuilding Continues to Show Strength in March

Twin Cities Homebuilding Continues to Show Strength in March

Homebuilding in the metro area saw another impressive bump in activity in March. Single-family activity was up 66% compared to the previous year. Homebuilders pulled permits for 419 single-family homes in March. Additionally, builders reported 177 multifamily units under construction. Multifamily activity accounted for 30% of all construction activity in…

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Image for The Top 25 Builders of 2025

The Top 25 Builders of 2025

Results from a recent survey by Housing First Minnesota show that Lennar was the region’s top builder once again in 2025. This ranking is determined based on annual gross revenue as reported by respondents for for-sale housing. Lennar has held the top spot since 2006. Together, the Top 25…

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Image for Metro Homebuilding Activity Continues on Strong Streak

Metro Homebuilding Activity Continues on Strong Streak

Twin Cities homebuilding recorded an impressive 70% jump in single-family activity compared to the previous year. While this surge in activity is notable, February’s data is in line with the historical averages. Homebuilders pulled permits for 364 single-family homes in February. Additionally, builders reported 159 multifamily units under construction. Multifamily…

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Image for Twin Cities Residential Construction Up in January

Twin Cities Residential Construction Up in January

Twin Cities homebuilding saw a jump in activity in the first month of the year, with upticks in construction in all areas of the market. Homebuilders pulled permits for 453 single-family homes in January – a 9% rise in activity from last year. Additionally, builders reported 313 multifamily units under…

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Image for Seasonal Slowdown Hits Twin Cities Homebuilding in December

Seasonal Slowdown Hits Twin Cities Homebuilding in December

Twin Cities homebuilding experienced a second consecutive month of declines in December, with dips across all areas of the market. Homebuilders pulled permits for 369 single-family homes in December – a 15% drop in activity from last year. Additionally, builders reported just 13 multifamily units under construction, a 63% decline…

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Image for Metro Homebuilding Sees Retraction in November

Metro Homebuilding Sees Retraction in November

Twin Cities homebuilding declined in November with dips across all areas of the market. Homebuilders pulled permits for 516 single-family homes in November—a 2% drop in activity from last year. Additionally, builders reported 91 multifamily units under construction, a 48% decline from November 2024. Multifamily activity accounted for just a…

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Image for Multi-family bounces back in August, single-family stalls

Multi-family bounces back in August, single-family stalls

Homebuilding in the Twin Cities resulted in another mixed bag of movement in August, with multi-family posting significant gains while single-family saw a slight dip compared to last year. Overall, new construction permits decreased by 6% compared to last year. “Although permits are slightly below last year’s pace, homebuilding activity…

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Image for Mixed bag of movement for Twin Cities homebuilding in July

Mixed bag of movement for Twin Cities homebuilding in July

Homebuilding activity in the metro area was mixed for the month of July as single-family saw a healthy uptick while multifamily projects dropped significantly. Overall, homebuilding activity improved 13% over July of last year. Metro builders pulled 503 permits for single-family homes in June – a 15% increase in year-over-year…

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