Market Information

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…

Posted in Market Information | Tagged:

Image for Twin Cities home construction ends summer on a positive note

Twin Cities home construction ends summer on a positive note

Roseville, Minn – Homebuilding in the Twin Cities maintained its steady pace in August despite stubborn, high mortgage rates continuing to impact activity. Metro homebuilders pulled 586 permits for single-family homes during the month of August. This is a 3% increase over last year and a 30% increase from July.

Posted in Market Information | Tagged: Permits

Image for Homebuilding Activity Slow in July, While Demand Remains Strong

Homebuilding Activity Slow in July, While Demand Remains Strong

Roseville, Minn – Summer homebuilding in the Twin Cities saw slower momentum in July as interest rates and affordability challenges continue to impact the housing market. Metro homebuilders pulled 452 permits for single-family homes during the month of July. This is a 1% increase over last year. Additionally, multifamily construction…

Posted in Market Information | Tagged:

Image for Single-family home construction remains strong in June

Single-family home construction remains strong in June

Roseville, Minn – The demand for new single-family homes continues to push strong homebuilding activity. Homebuilders in the metro area pulled 542 permits for single-family homes throughout the month — a 15% increase over June 2023. However, multifamily construction was nearly nonexistent in June. Builders pulled permits for just 24…

Posted in Market Information | Tagged: Housing Data, Keystone Report, Minnesota Construction Data, Permits

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.

Posted in Market Information | Tagged:

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…

Posted in Market Information | Tagged:

© Housing First Minnesota. All rights reserved.