Market Information

Image for Homebuilding Activity Continues to Slump as Twin Cities Homebuyers Struggle With Affordability and Interest Rates

Homebuilding Activity Continues to Slump as Twin Cities Homebuyers Struggle With Affordability and Interest Rates

Rising interest rates continue to have a major impact on homebuilding in the Twin Cities. For the month of October, homebuilders pulled permits for 276 new single-family homes, a 54% drop from last year. Multifamily construction also slumped in October, with permits pulled for 460 units, a 60% drop from…

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

Image for Twin Cities Permits for New Homes Continue to Fall in September

Twin Cities Permits for New Homes Continue to Fall in September

Homebuilders in the Twin Cities metro continued to see a scale back in construction activity in September. For the month, homebuilders pulled 410 permits for new single-family homes, a 27% drop from last September. Multifamily construction picked up in September, with permits pulled for 1,221 units an increase of 6%…

Posted in Market Information | Tagged: Housing First Minnesota, Housing permits, Minnesota Housing Market, New Homes Twin Cities, Residential Building Permits, Twin Cities Housing Data, Twin Cities Permits

Image for Twin Cities Homebuilding Continues Cool Down in August

Twin Cities Homebuilding Continues Cool Down in August

It was another slow month for Twin Cities homebuilders as permits for new single-family homes continue to fall. For the month, builders pulled 344 permits for new single-family homes, a 28% drop from last August. Multifamily construction slowed from the high pace of the previous months this year, but it…

Posted in Housing First Minnesota News, Market Information | Tagged: Housing permits, Housing Units, Minnesota Housing Market, Permit Numbers, Twin Cities Homebuilding, Twin Cities Housing Market, Twin Cities Residential Permits

Image for Permits For New Single-Family Homes in the Twin Cities Hit May Slump

Permits For New Single-Family Homes in the Twin Cities Hit May Slump

While multifamily construction continues to soar ahead, single-family construction shows signs of strain on the market. There were 559 permits pulled for new single-family homes for the month, an 18% drop from May of last year. Permits were pulled for 1,529 multifamily units, more than a 450% increase from last…

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

Image for Strong Spring for Twin Cities Homebuilding Activity

Strong Spring for Twin Cities Homebuilding Activity

Multifamily construction in the metro area continued to soar past last year’s pace in April. Single-family construction in the Twin Cities picked up as well, according to the latest permit numbers by the Keystone Report. There were 750 permits pulled for new single-family homes for the month, a 12% increase…

Posted in Housing First Minnesota News, Housing Industry, Market Information | Tagged: April Homebuilding Permits, the keystone report, Twin Cities Home Construction, Twin Cities Permit Data, Twin Cities Permit Numbers

Image for Twin Cities Homebuilding Sails into Spring

Twin Cities Homebuilding Sails into Spring

Multifamily construction roared back into action in March. While single-family construction lagged last March’s permit numbers, it still recorded the second-best March in over 15 years. Permits for new single-family homes in the Twin Cities dropped by 8% in March 2022 with 574 permitted units. Multifamily construction, including townhomes, saw…

Posted in Housing First Minnesota News, Market Information | Tagged: March Housing Permits, Multifamily construction, Residential Building Permits, Single-family Construction, Twin Cities Home Construction, Twin Cities Homebuilding

Image for Top 25 Twin Cities Builders of 2021

Top 25 Twin Cities Builders of 2021

Lennar Tops the List of Twin Cities Builders for 16th Year in a Row Results from a recent survey by Housing First Minnesota show that Lennar – Minneapolis/St. Paul was the region’s top-ranked builder once again in 2021. Lennar has held the top spot since 2006. Rankings are based on…

Posted in Market Information | Tagged: Minnesota Homebuilders, Minnesota Housing Data, Top 25 Builders List, Top 25. Twin Cities Builders, Twin Cities Housing, Twin Cities Top Builders

Image for Twin Cities Single-Family Homebuilding off to Strong Start

Twin Cities Single-Family Homebuilding off to Strong Start

Homebuilders are off to another busy start to the year. Single-family construction in the Twin Cities kicked off the first month of 2022 with double-digit gains over January of last year with 606 permits pulled, a 12% increase over 2021. Townhome construction and small multifamily projects (16 units or less)…

Posted in Housing First Minnesota News, Market Information | Tagged: Housing First Minnesota, January Permits, Minnesota Housing, Minnesota Housing Market, Single-family Construction, Twin Cities Home Construction, Twin Cities Housing Permits

Image for Permits for Single-Family Homes in the Twin Cities Hit 16-Year High in 2021 Despite Construction Headwinds

Permits for Single-Family Homes in the Twin Cities Hit 16-Year High in 2021 Despite Construction Headwinds

December residential permits fell in 2021, but not by enough to offset the strong start to the year Following a feverish start to the year, the pace of new residential construction slowed as 2021 came to a close reflecting the numerous challenges on the horizon for the construction…

Posted in Housing First Minnesota News, Market Information | Tagged: December Permit Numbers, Housing Data Twin Cities, Housing First Minnesota, Twin Cities Homebuilding, Twin Cities Housing Market

Image for Twin Cities Single-Family Construction Remains Strong But Shows Signs of Slowdown

Twin Cities Single-Family Construction Remains Strong But Shows Signs of Slowdown

Twin Cities homebuilders continue to build new single-family homes at a brisk pace, but November continued to be slower than last year’s all-out surge. Area homebuilders pulled 619 permits for new single-family homes in November, a 12% drop from this time last year. Multifamily construction continued to pick up when…

Posted in Housing First Minnesota News, Housing Industry, Market Information, Uncategorized | Tagged: Housing First Minnesota, New Home Construction, November Housing Permits, Single-family Construction, Twin Cities Homebuilding, Twin Cities New Homes

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