Image for Twin Cities Homebuilding Activity Picks Up in May

Twin Cities Homebuilding Activity Picks Up in May

Single-family permits fall by 13% year-over-year in May Homebuilding is starting to show some signs of improvement as the demand for new homes in the Twin Cities remains strong. Twin Cities builders pulled permits for 487 single-family homes in May, a 13% decrease from this time last year. While still…

Posted in Market Information | Tagged: Homebuilding permits, Housing Market Data, May building activity, May Construction, Residential construction, Twin Cities Homebuilders, Twin Cities Homebuilding

Image for Homebuilding Cooldown Continues in November

Homebuilding Cooldown Continues in November

Permits for new Twin Cities single-family homes fell 37% in November Uncertain economic conditions and interest rates continue to have a chilling impact on homebuilding activity. For the month of November, homebuilders pulled permits for 389 new single-family homes, a 37% drop from last year. Multifamily construction activity…

Posted in Housing First Minnesota News, Market Information, Uncategorized | Tagged: Homebuilding permits, Housing Data Twin Cities, November Housing Permits, Residential Housing permits, Twin Cities Building Market