Housing Data Twin Cities

Image for Twin Cities Residential Construction Hits 9-Year High

Twin Cities Residential Construction Hits 9-Year High

Roseville, MN (June 28, 2016) – With the help of a surge in single-family construction, June saw the most housing permits pulled in a single month since 2007. Comparing June month-over-month permits were up 19 percent compared to 2015 and single-family permits rose by 24 percent. So far, 2016 is…

Posted in Housing First Minnesota News, Market Information | Tagged: Builders Association of the Twin Cities, Housing Data Twin Cities, Permit Data, Residential Building Permits, Twin Cities Housing Market

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June 2016 Hot Sheet

INSIDE THE JUNE HOT SHEET “Though housing construction data is relatively flat for the beginning of 2016, we anticipate a ramping up of housing production during the rest of the year, given a strengthening job market, low mortgage interest rates and favorable demographics,” – said NAHB Chief Economist Robert Dietz.*…

Posted in Housing First Minnesota News, Market Information | Tagged: 2016 Hot Sheet, Building Industry Market News, Housing Data Twin Cities

Image for Twin Cities Residential Construction Continues Strong Pace

Twin Cities Residential Construction Continues Strong Pace

An increase in single-family production in May helped put 2016 on pace to be one of the strongest starts to the year for residential construction since 2007. Month-over-month May permits pulled were up 38 percent compared to 2015 and units were up 60 percent. Year-to-date permits are up 16 percent…

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

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May Hot Sheet

“Single-family starts are off from their strong showing in February but this slowdown represents a return to a long-run, gradual growth trend that is consistent with builder confidence levels, which are overall positive. While we are also seeing a monthly decline on the multifamily front, multifamily construction is expected to…

Posted in Housing First Minnesota News, Market Information | Tagged: 2016 Hot Sheet, Economy, Housing Data Twin Cities, May Hot Sheet, New Construction

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November Hot Sheet

INSIDE THE NOVEMBER HOT SHEET “It is not surprising to see sales pull back in September following a strong August reading, especially after a few months of weak job creation. However, new-home sales year-to-date are up 17.6 percent compared to the same period of 2014, and we expect the market…

Posted in Housing First Minnesota News, Market Information | Tagged: 2015 Hot Sheet, Builders Association of the Twin Cities, Housing Data Twin Cities, Housing Economy, Housing Market

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September Hot Sheet

  “This month’s drop in the more volatile multifamily side is a return to trend after an unusually high June. While mul- tifamily production has fully recovered from the downturn, single-family starts are improving at a slow and sometimes intermittent rate as consumer confidence gradually rebounds. Continued job and economic…

Posted in Market Information | Tagged: 2015 Hot Sheet, Housing Data Twin Cities, September Hot Sheet

Image for Twin Cities Residential Construction Steadily Climbs in August

Twin Cities Residential Construction Steadily Climbs in August

Roseville, MN (August 27, 2015) – Despite seeing month over month improvements for the past two months, the Twin Cities’ residential construction remains flat for the year. While single-family permits were up 13 percent when compared to August 2014, year to date remains flat with a rise of less than…

Posted in Housing First Minnesota News, Market Information | Tagged: Builders Association of the Twin Cities, Housing Data, Housing Data Twin Cities, Residential Housing permits

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July Hot Sheet

After a strong April, some readjustment in housing production in May was expected, the starts and permits figures for the second quarter of 2015 are shaping up to be stronger than the first. This upward trajectory is in line with the recently released NAHB/Wells Fargo HMI, which found growing builder…

Posted in Housing First Minnesota News, Market Information | Tagged: 2015 Hot Sheet, Builders Association of the Twin Cities, Home Building Industry, Housing Data Twin Cities, July Hot Sheet

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