Market Information

Image for Twin Cities See Another Surge in Single-Family Construction

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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The August Hot Sheet

INSIDE THE AUGUST HOT SHEET “The June report is consistent with our forecast for a gradual but consistent recovery of the housing market. Single-family production should continue to strengthen throughout the year, buoyed by job growth, new house- hold formations and low mortgage interest rates.” – NAHB Chief Economist, Robert…

Posted in Market Information | Tagged: August Hot Sheet, Builders Association of the Twin Cities, Economy, Housing Data Twin Cities

Image for Twin Cities Residential Construction Continues to Climb

Twin Cities Residential Construction Continues to Climb

After a strong June, Twin Cities residential construction activity returned to more measured growth in July. With the help of several large multifamily projects, permitted units for the month were up 25 percent compared to July 2015. Single-family permits were up 2 percent compared to last year. According to data…

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

Image for Twin Cities Residential Construction Hits 9-Year High

Twin Cities Residential Construction Hits 9-Year High

Roseville, MN (June 28, 2016) – With the help of a surge in single-family construction, June saw the most housing permits pulled in a single month since 2007. Comparing June month-over-month permits were up 19 percent compared to 2015 and single-family permits rose by 24 percent. So far, 2016 is…

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

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June 2016 Hot Sheet

INSIDE THE JUNE HOT SHEET “Though housing construction data is relatively flat for the beginning of 2016, we anticipate a ramping up of housing production during the rest of the year, given a strengthening job market, low mortgage interest rates and favorable demographics,” – said NAHB Chief Economist Robert Dietz.*…

Posted in Housing First Minnesota News, Market Information | Tagged: 2016 Hot Sheet, Building Industry Market News, Housing Data Twin Cities

Image for Twin Cities Residential Construction Continues Strong Pace

Twin Cities Residential Construction Continues Strong Pace

An increase in single-family production in May helped put 2016 on pace to be one of the strongest starts to the year for residential construction since 2007. Month-over-month May permits pulled were up 38 percent compared to 2015 and units were up 60 percent. Year-to-date permits are up 16 percent…

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

Image for May Hot Sheet

May Hot Sheet

“Single-family starts are off from their strong showing in February but this slowdown represents a return to a long-run, gradual growth trend that is consistent with builder confidence levels, which are overall positive. While we are also seeing a monthly decline on the multifamily front, multifamily construction is expected to…

Posted in Housing First Minnesota News, Market Information | Tagged: 2016 Hot Sheet, Economy, Housing Data Twin Cities, May Hot Sheet, New Construction

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