Market Information

Image for Twin Cities Homebuilding Shifts in September

Twin Cities Homebuilding Shifts in September

Roseville, Minn. – Homebuilding activity in the Twin Cities metro slowed in September as persistent affordability challenges, elevated borrowing costs, and broader economic uncertainty put additional pressure on the housing market. Single-family homebuilding activity fell 8% from the same period last year. Homebuilders pulled permits for 580 single-family homes in September.

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Image for Metro Homebuilding Ends Summer with Mixed Bag of Activity

Metro Homebuilding Ends Summer with Mixed Bag of Activity

Homebuilding in the Twin Cities metro showed varied signs in August, with an overall 1% decrease in activity over the same time last year. Homebuilders pulled permits for 536 single-family homes in July. Multifamily activity, however, saw its strongest month of activity since September 2023. Builders reported 743 multifamily units…

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Image for Homebuilding Improves in July, Led by Single-Family Homebuilding

Homebuilding Improves in July, Led by Single-Family Homebuilding

Homebuilding in the Twin Cities metro showed positive signs in July, with a 10% increase in activity over the same time last year. Homebuilders pulled permits for 552 single-family homes in July. Multifamily activity, however, saw a steep drop-off in activity for the first time this summer. Builders reported just…

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Image for Minnesota Homebuilding Activity Slows as Housing Demand Remains Strong

Minnesota Homebuilding Activity Slows as Housing Demand Remains Strong

Metro homebuilding activity in May was mixed, as broader macroeconomic forces continued to weigh on overall homebuying activity. Homebuilders pulled permits for 519 single-family homes in May, a reduction of 12% compared to the same time last year.   Multifamily activity, however, saw strong activity in May. Builders reported 231…

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Image for Metro Homebuilding Falters in April

Metro Homebuilding Falters in April

Homebuilding activity in the Twin Cities metro area eased slightly in April as broader macroeconomic pressures—including slower job growth and market uncertainty tied to geopolitical instability in the Middle East—began to weigh on consumer confidence and homebuying decisions. Homebuilders pulled permits for 559 single-family homes in April, a contraction of…

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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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