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…

Posted in Market Information | Tagged: Housing permits, Minnesota Housing, Permit Numbers, Permits

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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Image for Homebuilding Slowdown in the Twin Cities Continues

Homebuilding Slowdown in the Twin Cities Continues

Multifamily activity plummets; single-family shows signs of improvement Roseville, Minn – Single-family home construction in the Twin Cities remains behind last year’s pace but continues to pick up speed. Multifamily construction activity in the metro continues to slow. Twin Cities builders pulled permits for 524 single-family homes this month, a…

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Image for Twin Cities Homebuilding Activity Picks Up in May

Twin Cities Homebuilding Activity Picks Up in May

Single-family permits fall by 13% year-over-year in May Homebuilding is starting to show some signs of improvement as the demand for new homes in the Twin Cities remains strong. Twin Cities builders pulled permits for 487 single-family homes in May, a 13% decrease from this time last year. While still…

Posted in Market Information | Tagged: Homebuilding permits, Housing Market Data, May building activity, May Construction, Residential construction, Twin Cities Homebuilders, Twin Cities Homebuilding

Image for Twin Cities Homebuilding Continues Its Slump in April

Twin Cities Homebuilding Continues Its Slump in April

Homebuilding continues to lag in the Twin Cities even as the metro faces a stark shortage of homes. Twin Cities builders pulled permits for 386 single-family homes in April, a 38% drop from this time last year. Multifamily construction continued its downward trend with permits pulled for 240 units, an…

Posted in Housing First Minnesota News, Market Information | Tagged: Housing Data Twin Cities, Housing Market Data, Residential Building Permits, Spring Housing Market