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

Image for Twin Cities homebuilding slows from furious to fast pace

Twin Cities homebuilding slows from furious to fast pace

The pace of construction of single-family homes in the Twin Cities continues to slow, especially when compared to last year’s second-half surge. Area homebuilders pulled 594 permits for new single-family homes in October, a 5% drop from October of last year. Multifamily construction had another strong month with 1,178 permitted…

Posted in Housing First Minnesota News, Market Information | Tagged: October permit numbers, Twin Cities Homebuilding, Twin Cities Housing Market

Image for Twin Cities Homebuilding Activity Continues to Slow With Mounting Market Challenges

Twin Cities Homebuilding Activity Continues to Slow With Mounting Market Challenges

For the second month in a row single-family construction in the Twin Cities saw a drop in activity when compared to the same month of the previous year. The slowdown reflects the growing number of market and regulatory challenges that continue to hinder builders’ ability to bring new homes to…

Posted in Market Information | Tagged: Builders Association of the Twin Cities, Housing Data Twin Cities, Housing Market Data, September Permit Data, Twin Cities Home Builders

Image for Twin Cities Homebuilding Headwinds Slow Construction in August

Twin Cities Homebuilding Headwinds Slow Construction in August

The number of permits pulled in the Twin Cities for new single-family homes in August fell as measured against the same period last year for the first time in 2021. The slowdown reflects the growing number of market and regulatory challenges that continue to hinder builders’ ability to bring new…

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

Image for Twin Cities Homebuilding Continues to Push Ahead Despite Numerous Headwinds

Twin Cities Homebuilding Continues to Push Ahead Despite Numerous Headwinds

Permits for new single-family homes continued to climb in July, despite the numerous challenges in the homebuilding process right now. Twin Cities homebuilders pulled 640 permits for new single-family homes in July, a 10% increase over last July. After several months of lackluster numbers, multifamily construction had one of its…

Posted in Housing First Minnesota News, Housing Industry, Market Information | Tagged: Housing permits, Twin Cities Building Stats, Twin Cities Housing Market