Image for New Home Construction Sees Modest August

New Home Construction Sees Modest August

With existing housing inventory still at historic lows, new construction is still struggling to make up for the shortage of homes. Single-family permits were once again up a steady 3 percent month-over-month in August, but year-to date single-family is still at a less than 2 percent increase over last year.

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

Image for May Surge in Single-Family Construction

May Surge in Single-Family Construction

Roseville, Minn. (May 31, 2018) – Twin Cities single-family homebuilders had their hottest May since 2006 and we’re not talking about the weather. For the month, the number of single-family permits pulled increased to 665, a 30 percent increase over May of last year. That’s the most single-family permits pulled…

Posted in Housing First Minnesota News, Market Information | Tagged: 2018 Permit Numbers, Home Building Industry, May Construction, New Construction, Twin Cities Housing Market

Image for Long Winter Puts Damper on Twin Cities Residential Construction

Long Winter Puts Damper on Twin Cities Residential Construction

Twin Cities homebuilding activity continues to underperform expectations in April. For the month, the number of single-family permits pulled dropped by eight percent compared to April last year. Multifamily construction also saw a drop in April, with a 43 percent decrease in the number of permitted units month-over-month. According to…

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Image for Twin Cities Homebuilding Activity Marches On

Twin Cities Homebuilding Activity Marches On

Single-family construction continues at a slow and steady pace in 2018. Both the total number of permits pulled in March and the number of single-family permits pulled were down slightly compared to March 2017. Several large multifamily projects helped the total number of multifamily units climb significantly over this month…

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Image for Lennar Tops the List of Twin Cities Builders for 12th Year in a Row

Lennar Tops the List of Twin Cities Builders for 12th Year in a Row

Results from a recent survey by BATC-Housing First Minnesota show that Lennar – Minneapolis/St. Paul was the region’s top ranked builder once again in 2017. 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 Foundation, Market Information, Uncategorized | Tagged: Lennar, Top 25 Builders List

Image for Twin Cities Residential Construction Warms Up in February

Twin Cities Residential Construction Warms Up in February

Townhome construction continues to heat up in the Twin Cities. Among all sectors of residential construction townhomes saw by far the biggest increase in production in February. Multifamily construction, which includes townhomes, increased by 42 percent over this month last year, with 548 permitted units. Single-family activity saw a slight…

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Image for Twin Cities Homebuilding Activity Starts Year Steady

Twin Cities Homebuilding Activity Starts Year Steady

Roseville, Minn. (Jan. 25, 2018) – Residential construction activity started the year slightly down from last year, but still at the second highest rate in over a decade. There were 402 single-family permits pulled in the month of January, down 6 percent compared to January 2017. With 517 units, multifamily construction…

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