Market Information

Image for Twin Cities’ Residential Construction Gains Ground Again

Twin Cities’ Residential Construction Gains Ground Again

Just released residential permit statistics again show that the region’s residential construction market continues to strengthen. The number of permits issued are at a 12-month high, while planned units in June were up by 64 percent over June of 2012. As has been the case all year, year-to-date planned…

Posted in General, Housing First Minnesota News, Market Information | Tagged: BATC, Builders Association of the Twin Cities, Pamela Belz, Residential Construction Permits

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May Hot Sheet

From the May 2013 Hot Sheet: “A correction from an unsustainably high level of production on the volatile multifamily side was largely responsible for a 16.5 percent dip in nation-wide housing starts to a seasonally adjusted annual rate of 853,000 units in April, according to newly released figures from HUD…

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

Image for Twin Cities’ Residential Construction Continues Strong in May 2013

Twin Cities’ Residential Construction Continues Strong in May 2013

Recently released residential permit statistics show the new home industry in the Twin Cities continues to improve. Monthly and year-to-date permits and planned units are at their highest level since 2007. Year to date permits are up by 37 percent, while planned units are 26 percent higher than at…

Posted in General, Housing First Minnesota News, Market Information | Tagged: BATC, Builders Association of the Twin Cities, Pamela Belz, Residential Construction Permits

Image for Twin Cities’ Residential Construction Surges with Two Large Multi-Family Projects in April 2013

Twin Cities’ Residential Construction Surges with Two Large Multi-Family Projects in April 2013

Roseville, MN (April 26, 2013) – Just released statistics for April 2013 show that while single-family homes continue strong (up nearly 27 percent), two Minneapolis multi-unit apartment buildings pushed planned units up 111 percent over April 2012. Year-to-date, the region pulled 50 percent more permits for 30 percent more units…

Posted in Housing First Minnesota News, Market Information | Tagged: BATC, Builders Association of the Twin Cities, market statistics, Permit Data, Residential Housing permits

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March Hot Sheet

“Today’s report indicates that, despite some bumps in the road, overall housing production continues on the solid upward trend that we saw throughout 2012. Moreover, further gains in permit issuance are a positive sign that home construction will continue to drive economic and job growth in the coming months…” –…

Posted in General, Market Information | Tagged: BATC, BATC Hot Sheet, Builders Association of the Twin Cities, Hot Sheet, Housing Industry, March 2013 Hot Sheet, March Hot Sheet, Market Information, Market News, Twin Cities Housing Market

Image for March 2013 Permits: Single-Family Homes Continue to Drive Twin Cities’ Residential Construction Growth

March 2013 Permits: Single-Family Homes Continue to Drive Twin Cities’ Residential Construction Growth

Roseville, MN (March 28, 2013) – Just released permit figures show that new residential construction in the Twin Cities remains strong, with single family homes leading the way. Permits for single-family homes were up by 53 percent for the month (349 in March 2013, 228 in March 2012) and more…

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

Image for Twin Cities 2012 Top-Volume Builder Ranking

Twin Cities 2012 Top-Volume Builder Ranking

Results from a recent survey by the Builders Association of the Twin Cities (BATC) show that Lennar – Minneapolis/St. Paul was the region’s top-ranked builder once again in 2012. Lennar has held the top spot since 2006. Rankings are based on annual gross revenue as reported by respondents for…

Posted in Housing First Minnesota News, Market Information | Tagged: Builders Association of the Twin Cities, Home Builders, Housing, Market Information, New Home Construction, new homes, Top 25 Builders List, Twin Cities Top Builders

Image for February Hot Sheet

February Hot Sheet

“The surge in demand for new homes this January is an excellent sign that the housing recovery is gaining steam and helping put more people back to work.” – Rick Judson, chairman of the National Association of Home Builders   “Today’s report shows a strong revival in new-home sales across…

Posted in Housing First Minnesota News, Market Information | Tagged: Economy, February Hot Sheet, Hot Sheet, Housing, Housing Economy, Market News, NAHB, New Home Construction

Image for Single-Family Permits Continue Growth Trend for Twin Cities’ Residential Construction

Single-Family Permits Continue Growth Trend for Twin Cities’ Residential Construction

While multi-family units dropped to just 10 percent of February’s totals, single-family permits remained very strong. Permits were up 61 percent for the month and 80 percent year-to-date over 2012. Total units were also up year-to-date by 18.5 percent. According to data compiled by the Keystone Report for the Builders…

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

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