Market Information Archives - Page 7 of 23

Twin Cities Single-Family Construction Surges in June

June 27, 2019

Roseville, Minn. – After four months of falling permit numbers, single-family construction surged in June with a 21% increase over this time last year and a 6% increase over May. Multifamily construction slowed slightly in June falling 38% from last month with permits pulled for 803 units. “With mortgage rates falling,…

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

Twin Cities Homebuilding Picks Up in May

May 30, 2019

Multifamily construction continues to boost residential homebuilding activity, while single-family construction activity continues to fall flat. Several permits pulled for large projects in Minneapolis and Minnetonka pushed the number of multifamily units up to 1,306 for the month of May, a significant increase over this month last year. With 637…

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

Twin Cities Single-Family Construction Falls Flat in April

April 30, 2019

Several large multifamily construction permits pulled in April helped boost the residential construction numbers for the year, but single-family construction activity continues to fall. With permits pulled for 1,152 units in April, multifamily permitted units are up 8% over this time last year. With 407 permitted units in April, single-family…

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

Twin Cities Home Building Permits Hit 4-Year Low in March

March 28, 2019

The Twin Cities saw the fewest number of residential construction permits pulled for the month of March since 2015. Both single-family and multifamily permitted units fell by double digits. Single-family units fell to 339, a 12 percent drop from the 389 units in March of 2018. With permits pulled for…

Posted in Housing First Minnesota News, Market Information | Tagged: 2019 Residential Permits, March Housing Permits

Lennar Tops the 2018 List of Twin Cities Builders

March 21, 2019

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 2018. Lennar has held the top spot since 2006. Rankings are based on annual gross revenue as reported by respondents for for-sale housing. Lennar reported gross…

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

Home Building Activity Cools in February

March 1, 2019

After a strong start to the year, residential construction slowed in February. With 330 permits pulled, single-family permits fell three percent compared to the 341 permits in February 2018. With nine permits pulled for 421 units, multifamily construction fell by 23 percent compared to the 20 permits for 548 units…

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

Single-Family Construction Starts the Year off Strong in the Twin Cities

January 31, 2019

Single-family permits are off to a roaring start in 2019. Single-family construction marked a 10-year high for the first month of the year with a 9 percent increase over January of 2018. Multifamily construction was a different story. The number of multifamily permitted units fell by 40 percent compared to…

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

Twin Cities Homebuilding Surges Ahead in December

January 2, 2019

A surge in single-family construction in December brought the 2018 year-end permit numbers slightly higher than the 2017 year-end permit numbers. Single-family construction saw a 36 percent increase in the number of permits pulled over December 2017, and ended the year with less than 1 percent increase in total permits…

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

New Survey Reveals How Dire Construction Labor Shortage is in Minnesota

December 4, 2018

88 percent of construction firms surveyed report having experienced a labor shortage in the past 12 months A recent survey conducted by Housing First Minnesota on behalf of Project Build Minnesota reveals that of the more than 225 construction firms responding, 88 percent have experienced a labor shortage in the…

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

Twin Cities Homebuilding Activity Drops in November

November 29, 2018

With one month left in the year, it’s looking as if 2018 will be a flat year for Twin Cities homebuilding activity. Both single-family and large project multifamily permits were down for the month of November compared to 2017. Townhome construction continues to be the bright spot this year, with…

Posted in Housing Industry, Market Information | Tagged: