Market Information

Image for Twin Cities Home Construction Continues to Surge in March

Twin Cities Home Construction Continues to Surge in March

The impacts of historically low existing housing inventory and low mortgage rates continue to push demand for new single-family homes in the Twin Cities to highs not seen since 2004. For the month of March there were 631 permits pulled for single-family homes, an increase of 50% over March of…

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

Image for Lennar Tops the List of Twin Cities Builders for 15th Year in a Row

Lennar Tops the List of Twin Cities Builders for 15th 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 2020. 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 Market Information | Tagged: Housing Data Twin Cities, Housing First Minnesota, Top 25 Builders List

Image for Record Low Inventory and Interest Rates Continue to Bolster New Homebuilding Activity in the Twin Cities

Record Low Inventory and Interest Rates Continue to Bolster New Homebuilding Activity in the Twin Cities

Twin Cities homebuilders had another strong month in January with total permits for new housing hitting levels not seen since 2006. Single-family construction in the area hit double digit gains over January of last year with 541 permitted units marking a 32% increase over 2020. Twin Cities multifamily construction had one…

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

Image for Single-Family Construction Continues to Surge As Homebuilders Make up for Slow Spring

Single-Family Construction Continues to Surge As Homebuilders Make up for Slow Spring

The number of permits pulled for new single-family homes continued to soar in November, making up for the slow spring and bringing the total number of single-family permits for the year into the positive growth column. There were 701 permits pulled for single-family homes this month, an increase of 8%…

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

Image for Strong Housing Demand Continues to Drive Twin Cities Homebuilding Activity

Strong Housing Demand Continues to Drive Twin Cities Homebuilding Activity

This month, Twin Cities single-family construction had its best October since 2005. There were 712 permits pulled for single-family homes this month, an increase of 28% over October of last year. Multifamily construction continues to slow its pace in the Twin Cities, with permits pulled for 675 units, a drop…

Posted in Housing Industry, Market Information | Tagged: Housing permits, October permit numbers, Twin Cities Housing Permits

Image for Twin Cities Homebuilding Surges in September

Twin Cities Homebuilding Surges in September

Construction for new single-family homes picked up significantly in September as low interest rates and pent up demand continue to impact the housing market. With 650 permits pulled, single-family construction jumped by 38% over September of 2019. That’s the highest number of single-family permits pulled in the month of September…

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

Image for Twin Cities Residential Permits Rebound in July

Twin Cities Residential Permits Rebound in July

After showing signs of a major slowdown in May and June, residential construction activity bounced back in July with double-digit gains in both permits issued and units planned. Single-family home permits jumped 13% in July compared to July 2019 with 580 permits pulled. Multifamily activity also saw a boost with 559…

Posted in Market Information | Tagged: 2020 Permit Numbers, Housing Data Twin Cities, Twin Cities Building Market, Twin Cities Housing Permits

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