Market Information

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January 2017 Hot Sheet

INSIDE THE JANUARY HOT SHEET “Residential construction is an integral part of our economy, with the fastest growing in employment in 2016. While we are optimistic, we are still concerned with several factors that are holding housing construction back, including our continued challenge recruiting of skilled labor.” – BATC Executive…

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

Image for 2016 Marks Best Year for Residential Construction in a Decade

2016 Marks Best Year for Residential Construction in a Decade

Continued growth in single-family construction in 2016 pushed the Twin Cities residential construction permit numbers to a high we haven’t seen since 2006. For the year total permits were up 11 percent over last year, while total units were up just one percent from 2015. Single-family permits ended the year…

Posted in Housing First Minnesota News, Market Information | Tagged: 2016 Housing Market, December Permit Numbers, Residential Building Permits, Twin Cities Housing Market

Image for New Construction Closes Out Year with Surge in Single-Family Homes

New Construction Closes Out Year with Surge in Single-Family Homes

Roseville, MN (October 26, 2016) –The Twin Cities are on pace for the largest single-family construction growth since 2013. For the third month in a row, single-family activity increased by over 20 percent from 2015. Multifamily construction got a boost in November as well from several large projects in Minneapolis,…

Posted in Market Information | Tagged: Housing Data Twin Cities, november permit data, Residential Building Permits, Twin Cities Market Information

Image for Twin Cities Single-Family Construction Remains Strong

Twin Cities Single-Family Construction Remains Strong

The Twin Cities residential construction market continues to see a sharp increase in single-family production. October saw a month-over-month increase in single-family permits of over 24 percent making it the seventh month in a row single-family construction permits outpaced the monthly totals of 2015. Multifamily production continues to slow, making…

Posted in Housing First Minnesota News, Market Information | Tagged:

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Twin Cities See Another Surge in Single-Family Construction

Due to a significant boost in single-family production, the Twin Cities saw the highest number of permits pulled in the month of September since September 2006. Month-over-month single-family construction increased by nearly 40 percent, while year-to-date single family permits are up 11 percent compared to 2015. So far this year…

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

Image for Twin Cities Residential Construction Activity Stalls in August

Twin Cities Residential Construction Activity Stalls in August

While single-family construction continued to climb in August, it wasn’t enough to keep the five-month new residential construction hot streak alive. For the first time in five-months, permit numbers took a slight dip, down one percent when compared to this month last year. Year-to-date single family permits are up 10…

Posted in Market Information | Tagged: New Construction, Residential Building Permits, Twin Cities Building Market, Twin Cities Housing Data

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