Market Information Archives - Page 6 of 23

The Top 25 Twin Cities Builders of 2019

April 23, 2020

Results from an annual survey by Housing First Minnesota show that Lennar – Minneapolis/St. Paul was the region’s top-ranked builder once again in 2019. Lennar has held the top spot since 2006. Rankings are based on annual gross revenue as reported by respondents for for-sale housing. Together the Top 25…

Posted in Housing First Minnesota News, Market Information | Tagged: Top 25 Builders List

Single-Family Construction Continues Strong Start to the Year

March 27, 2020

Despite growing concerns over COVID-19 and the impact it is having on the economy, permits for single-family construction sailed ahead. Single-family permits saw another double-digit increase in March with 409 permits pulled, a 20% increase over 2019. Multifamily activity did see a slowdown compared to the past few months, making…

Posted in Market Information, Uncategorized | Tagged: March Permits

Residential Construction Shows No Signs of Slowing Down in February

February 27, 2020

Both single-family and multifamily construction saw double digit gains in February, showing signs that it will be a good spring for homebuilders. Single-family construction increased by 19% over February 2019 with 393 permits pulled. With permits pulled for 487 units, multifamily activity increased by 16% from this time last year.

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

January Off to a Strong Start for Housing Construction

January 29, 2020

Twin Cities Homebuilders have kicked off 2020 without missing a beat in production. Single-family construction started the year up slightly from 2019 with 453 permits pulled, a 3% increase. Multifamily construction started the year full steam ahead with 1,345 units, up from just 309 units in January of 2019. “Following…

Posted in Housing Industry, Market Information, Uncategorized | Tagged:

Slow Finish to a Strong Year of Residential Construction

December 27, 2019

After several months of strong growth, Twin Cities residential construction slowed slightly in December. Despite the slowdown, residential permits still ended the year up 4% with the number of total units up over 20%. Single-family construction fell by 14% in December with 427 permits pulled, down from 497 permits in…

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

Single-Family Permits Surge in November

November 27, 2019

Single-family construction continued on a hot streak in November with 645 permits pulled, a 45% increase over this month last year. Multifamily construction slowed slightly with permits pulled for 691 units, falling 12% from November 2018. “Our housing market is in desperate need of new single-family inventory,” said John Rask,…

Posted in Housing Industry, Market Information, Uncategorized | Tagged:

Residential Constructions Steams Ahead in October

October 30, 2019

Residential construction saw the highest number of permitted units pulled in October since before 2003. For the month, 555 single-family permits were pulled for a nearly 20% increase over October of last year. Multifamily construction, especially in Minneapolis, had another strong month with 36 permits pulled for a total of…

Posted in Housing Industry, Market Information | Tagged:

Housing Construction Continues Upward Trend

October 1, 2019

Twin Cities homebuilding is on pace to hit a 13-year high in the number of permitted units in 2019. For the month of September, 472 single-family permits were pulled for a 6% increase over September of last year. Multifamily construction had another strong month with 26 permits pulled for a…

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

Twin Cities Homebuilders End Summer Strong

August 29, 2019

Homebuilders continue to make up for the slow start to the year with another strong month of permit activity. For the month of August, 711 single-family permits were pulled a nearly 10% increase over August of last year. That brings the yearly total up 2% over 2018 year to date.

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

Another Hot Month for Single-Family Homebuilding

August 13, 2019

For the second month in a row Twin Cities’ single-family construction posted double digit gains in permit numbers. With 513 permits pulled for the month, single-family activity rose 12% over July 2018. With 406 permitted units, multifamily construction had one of its slowest months of the year, dipping below 50%…

Posted in Market Information | Tagged: