Market Information

Image for Homebuilding Holds Steady in November

Homebuilding Holds Steady in November

Roseville, Minn – Twin Cities homebuilding continued to show resilience in November. Metro homebuilders pulled 660 permits for single-family homes during the month of November – a 15% increase over the same time last year. Multifamily construction, however, saw a decrease in activity from the previous month. Builders pulled permits…

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Image for Fall homebuilding ends on a strong note

Fall homebuilding ends on a strong note

Roseville, Minn – Despite mortgage rates beginning to increase, Twin Cities homebuilding was strong in October. Metro homebuilders pulled 664 permits for single-family homes – a 13% increase over the same time last year. Multifamily construction, however, posted its first year-over-year increase since February. Builders pulled permits for 354 multifamily…

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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…

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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…

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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.

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