December Permit Numbers

Image for Building Permits for Single-family Homes in the Twin Cities Fall Short in 2022

Building Permits for Single-family Homes in the Twin Cities Fall Short in 2022

Slowest December in a decade for new single-family home construction The 2022 Twin Cities housing market saw deep impacts from the rate hikes by the Federal Reserve as they pushed mortgage interest rates to a 20-year high. With a larger share of homebuyers now unable to purchase a new home,…

Posted in Market Information | Tagged: 2022 Housing Market, December Permit Numbers, Housing First Minnesota, new homes, Twin Cities Building Data, Twin Cities Building Market, Twin Cities Housing Market

Image for Permits for Single-Family Homes in the Twin Cities Hit 16-Year High in 2021 Despite Construction Headwinds

Permits for Single-Family Homes in the Twin Cities Hit 16-Year High in 2021 Despite Construction Headwinds

December residential permits fell in 2021, but not by enough to offset the strong start to the year Following a feverish start to the year, the pace of new residential construction slowed as 2021 came to a close reflecting the numerous challenges on the horizon for the construction…

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

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 2016 Marks Best Year for Residential Construction in a Decade

2016 Marks Best Year for Residential Construction in a Decade

Continued growth in single-family construction in 2016 pushed the Twin Cities residential construction permit numbers to a high we haven’t seen since 2006. For the year total permits were up 11 percent over last year, while total units were up just one percent from 2015. Single-family permits ended the year…

Posted in Housing First Minnesota News, Market Information | Tagged: 2016 Housing Market, December Permit Numbers, Residential Building Permits, Twin Cities Housing Market

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