Housing Data Twin Cities

Image for Twin Cities Homebuilding Continues Its Slump in April

Twin Cities Homebuilding Continues Its Slump in April

Homebuilding continues to lag in the Twin Cities even as the metro faces a stark shortage of homes. Twin Cities builders pulled permits for 386 single-family homes in April, a 38% drop from this time last year. Multifamily construction continued its downward trend with permits pulled for 240 units, an…

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

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

Image for Permits For New Single-Family Homes in the Twin Cities Hit May Slump

Permits For New Single-Family Homes in the Twin Cities Hit May Slump

While multifamily construction continues to soar ahead, single-family construction shows signs of strain on the market. There were 559 permits pulled for new single-family homes for the month, an 18% drop from May of last year. Permits were pulled for 1,529 multifamily units, more than a 450% increase from last…

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

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 Twin Cities Homebuilding Activity Continues to Slow With Mounting Market Challenges

Twin Cities Homebuilding Activity Continues to Slow With Mounting Market Challenges

For the second month in a row single-family construction in the Twin Cities saw a drop in activity when compared to the same month of the previous year. The slowdown reflects the growing number of market and regulatory challenges that continue to hinder builders’ ability to bring new homes to…

Posted in Market Information | Tagged: Builders Association of the Twin Cities, Housing Data Twin Cities, Housing Market Data, September Permit Data, Twin Cities Home Builders

Image for Twin Cities Single-Family Building Boom Continues in June

Twin Cities Single-Family Building Boom Continues in June

Permits for new single-family homes continue to surge as the Twin Cities housing market remains in short supply of homes for sale. Twin Cities homebuilders pulled 637 permits for new single-family homes in June, a 63% increase over June of 2020. Multifamily construction remains lackluster so far in 2021 making…

Posted in Housing First Minnesota News, Market Information, Uncategorized | Tagged: Housing Data Twin Cities, June Permit Numbers, New Home Data, Residential Building Permits

Image for Demand for Single-Family Homes in the Twin Cities Pushes Homebuilding Higher in May

Demand for Single-Family Homes in the Twin Cities Pushes Homebuilding Higher in May

The Twin Cities continues see more homebuyers than there are homes for sale, which is pushing permits for new homes to numbers not seen since 2006. Single-family homes continue to be the most desired option in the market with permits up 70% over last May and up 50% for the…

Posted in Housing First Minnesota News, Housing Industry, Market Information | Tagged: Housing Data Twin Cities, Housing permits, Twin Cities Home Builders

Image for Lennar Tops the List of Twin Cities Builders for 15th Year in a Row

Lennar Tops the List of Twin Cities Builders for 15th Year in a Row

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 2020. Lennar has held the top spot since 2006. Rankings are based on annual gross revenue as reported by respondents for for-sale housing. Together the Top 25…

Posted in Market Information | Tagged: Housing Data Twin Cities, Housing First Minnesota, Top 25 Builders List

Image for Single-Family Construction Continues to Surge As Homebuilders Make up for Slow Spring

Single-Family Construction Continues to Surge As Homebuilders Make up for Slow Spring

The number of permits pulled for new single-family homes continued to soar in November, making up for the slow spring and bringing the total number of single-family permits for the year into the positive growth column. There were 701 permits pulled for single-family homes this month, an increase of 8%…

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

Image for Twin Cities Residential Permits Rebound in July

Twin Cities Residential Permits Rebound in July

After showing signs of a major slowdown in May and June, residential construction activity bounced back in July with double-digit gains in both permits issued and units planned. Single-family home permits jumped 13% in July compared to July 2019 with 580 permits pulled. Multifamily activity also saw a boost with 559…

Posted in Market Information | Tagged: 2020 Permit Numbers, Housing Data Twin Cities, Twin Cities Building Market, Twin Cities Housing Permits

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