Image for 2017 Marks Best Year in a Decade for Twin Cities Home Builders

2017 Marks Best Year in a Decade for Twin Cities Home Builders

Roseville, Minn. (Dec. 27, 2017) – Single-family construction ended the year on a high note, with a 36 percent increase in production over December 2016. Multi-family activity also had a very strong month with a 1,100 percent increase in units. Twin Cities residential construction ended 2017 with 6,113 permits pulled…

Posted in Housing First Minnesota News, Market Information | Tagged: 2017 Permit Numbers, December Permit Numbers, Twin Cities Housing Market, Twin Cities Residential Construction

Image for Renewed Surge in Residential Construction in November

Renewed Surge in Residential Construction in November

Roseville, Minn. (Nov. 30, 2017) – After a flat October, Twin Cities home builders made up for it in November. The number of single-family permits pulled in November spiked to 586, increasing 30 percent over November last year. Multifamily construction had its best month this year with 1,306 permitted units,…

Posted in Housing First Minnesota News, Market Information | Tagged: Builders Association of the Twin Cities, Housing First Minnesota, Minnesota Housing Market, Single-family Construction, Twin Cities Housing Market, Twin Cities Permit Data

Image for The November Hot Sheet

The November Hot Sheet

INSIDE THE NOVEMBER HOT SHEET The sharp rise in multi-family construction underscores the power of regulatory reform. Legislation encouraging homeownership, including cost protections for new-home buyers, will continue to be the top priority for Minnesota’s housing industry.” – Bob Michels, Housing First Minnesota President DOWNLOAD THE NOVEMBER HOT…

Posted in Housing First Minnesota News, Market Information | Tagged: The November Hot Sheet, Twin Cities Housing Data, Twin Cities Housing Market

Image for Twin Cities Homebuilders Increase Townhome Production

Twin Cities Homebuilders Increase Townhome Production

Roseville, Minn. (Oct. 26, 2017) – Multi-family construction spiked upwards from this time last year, with 670 permitted units, up 69 percent from October of last year. So far, this year townhome units have increased by 65 percent, but still only make up 6 percent of new residential construction. The number…

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

Image for Twin Cities Residential Construction Permits Remains At 10-Year High

Twin Cities Residential Construction Permits Remains At 10-Year High

Coming off its best summer since 2006, the Twin Cities saw continued growth in new home permits in September. The number of residential building permits pulled in September soared 14.25 percent to 601 units compared to 526 in 2016. In September, the number of single-family permits rose 10 percent, with…

Posted in General, Housing First Minnesota News, Market Information | Tagged: BATC, Residential Housing permits, Twin Cities New Homes

Image for Twin Cities Single-Family Construction Rises in August

Twin Cities Single-Family Construction Rises in August

The Twin Cities saw an uptick in new home permits in August, following a slight dip in July. The number of single-family permits pulled this month grew 17 percent compared to August 2016. Multifamily construction saw a decrease from this time last year, with 400 permitted units, down 9 percent…

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

Image for The August Hot Sheet

The August Hot Sheet

INSIDE THE AUGUST HOT SHEET “Builders would like nothing more than to construct more affordable homes, but there are several factors pushing against market-based affordable housing including regulations and the increasing labor shortage.” – David Siegel, Housing First Minnesota Executive Director DOWNLOAD THE AUGUST HOT SHEET  …

Posted in Housing First Minnesota News, Market Information | Tagged: 2017 hot sheet, Housing Data Twin Cities, Housing Market, The August Hot Sheet

Image for Twin Cities Single-Family Construction Dips Slightly in July

Twin Cities Single-Family Construction Dips Slightly in July

After several months of increased growth, single-family construction slowed slightly in July. The number of single-family permits pulled for the month dipped by five percent compared to July 2016. Multifamily construction saw little change from this time last year with 664 permitted units, up 3 percent from July last year. According to data…

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