Market Information

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Twin Cities Residential Construction Permits Hit 10-Year High

Roseville, MN – Single-family construction surged ahead in June with a total of 612 permitted units. The last time Twin Cities home builders pulled more than 600 permits in a single month was in January of 2006. Multifamily construction slowed slightly in June with 385 permitted units. Town home construction…

Posted in Market Information | Tagged: Residential Building Permits, Single-family Construction, Twin Cities Housing Market, Twin Cities Permit Data

Image for Twin Cities Residential Construction Continues to Climb in May

Twin Cities Residential Construction Continues to Climb in May

Roseville, MN (May 31, 2017) – Although housing inventory continues to shrink, Twin Cities residential construction is moving full steam ahead with demand outpacing supply. May permit numbers revealed another month of increased activity in both single-family construction and multifamily construction. So far this year, single-family permitted units are up…

Posted in Housing First Minnesota News, Market Information | Tagged: May Permit Numbers, Minnesota Housing Market, Twin Cities Permit Numbers, Twin Cities Residential Construction

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May Hot Sheet

INSIDE THE MAY HOT SHEET “Strong homebuilding activity is a great sign for all of Minnesota, but our builders are still struggling to create entry-level housing, a key part of the housing market. We are working with the MN REALTORS this year at the Capitol to support a package of…

Posted in Housing First Minnesota News, Market Information | Tagged: Builders Association of the Twin Cities, Building Industry Data, Housing Data Twin Cities, May Hot Sheet, Residential Building Permits

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Hot Spring for Twin Cities Home Builders

  Roseville, MN – After five years of relatively flat permit numbers, Twin Cities residential construction is pacing for a year of serious growth. Year to date permits are up 25 percent over 2016, and permitted units are up 62 percent over this time last year. April permit numbers revealed…

Posted in Housing First Minnesota News, Market Information | Tagged: April Permit Numbers, New Construction, Twin Cities Housing Data, Twin Cities Housing Market

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The April Hot Sheet

INSIDE THE APRIL HOT SHEET “While there is an increasing demand for housing inventory, our builders are facing serious roadblocks trying to construct more entry-level homes. We are working with the MN REALTORS this year at the Capitol to support a package of common-sense legislative proposals that aim to protect…

Posted in Housing First Minnesota News, Market Information | Tagged: April Hot Sheet, Minnesota Housing Market, Twin Cities Housing Data, Twin Cities Market Information

Image for Another Strong Home Building Surge in March

Another Strong Home Building Surge in March

  For the fourth month in a row, home building activity continues to break 10-year old permit number records. March total permits are up nearly 30 percent over this month last year, while units are up nearly 50 percent over March 2016. The boost this month can be credited to…

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

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The March Hot Sheet

INSIDE THE MARCH HOT SHEET “Some pull back in housing production is unsurprising after an overly strong multifamily reading last month. As we move forward in 2017, we can expect the multifamily sector to continue to stabilize and single-family production to move forward at a gradual but consistent pace.” –…

Posted in Housing First Minnesota News, Market Information | Tagged: 2017 hot sheet, Builders Association of the Twin Cities, Housing Economy, Twin Cities Housing Market

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