Housing Economy Archives

The March Hot Sheet

March 22, 2017

INSIDE THE MARCH HOT SHEET “Some pull back in housing production is unsurprising after an overly strong multifamily reading last month. As we move forward in 2017, we can expect the multifamily sector to continue to stabilize and single-family production to move forward at a gradual but consistent pace.” –…

Posted in Housing First Minnesota News, Market Information | Tagged: 2017 hot sheet, Builders Association of the Twin Cities, Housing Economy, Twin Cities Housing Market

January 2017 Hot Sheet

January 18, 2017

INSIDE THE JANUARY HOT SHEET “Residential construction is an integral part of our economy, with the fastest growing in employment in 2016. While we are optimistic, we are still concerned with several factors that are holding housing construction back, including our continued challenge recruiting of skilled labor.” – BATC Executive…

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

November Hot Sheet

November 14, 2016

INSIDE THE NOVEMBER HOT SHEET “House prices continue to show the strongest recovery among the LMI components, with 327 markets, or 97 percent, returning to or exceeding their last normal levels. Meanwhile, 92 metros have reached or exceeded normal employment activity. Single-family permits have edged up to 51% of normal…

Posted in Market Information | Tagged: Housing Economy, Housing Market, Market Data, November Hot Sheet, Residential Building Permits

The September Hot Sheet

September 2, 2016

INSIDE THE SEPTEMBER HOT SHEET “As the existing housing market remains tight, families are realizing they can build the home of their dreams in the community they love. Our industry’s builders, carpenters and tradespeople all work to build the safest neighborhoods at a price that families can afford.” said Meg…

Posted in Market Information | Tagged: 2016 Hot Sheet, Housing Data Twin Cities, Housing Economy, Housing Market, September Hot Sheet

April Hot Sheet

April 4, 2016

INSIDE THE APRIL HOT SHEET “February’s single-family gains indicate that this sector is strengthening in line with our forecast. As the U.S. econ- omy firms, job creation continues and mortgage interest rates remain low, we should see further growth in housing production moving forward.” – NAHB Chief Economist, David…

Posted in Market Information | Tagged: 2016 Hot Sheet, April Hot Sheet, Housing Economy, Housing Market, Twin Cities Housing Data

Twin Cities Single Family Construction Picks Up in March

March 31, 2016

Roseville, MN (March 25, 2016) – March residential construction hit a ten-year month over month high with a 22 percent increase in the number of permits pulled compared to 2015. Single-family production inched up with a two percent increase year-to-date, while multifamily production remains slow, making up only 37 percent…

Posted in Housing First Minnesota News, Market Information | Tagged: Housing Economy, New Home Construction, Residential Building Permits, Twin Cities Housing Market

March Hot Sheet

March 4, 2016

Inside the March Hot Sheet… “Despite the modest dip in starts this month, we expect to see ongoing, gradual growth in housing production in 2016. An improving economy, solid job creation and pent- up demand for housing should keep the market moving forward.” – NAHB Chief Economist, David Crowe…

Posted in Market Information | Tagged: 2016 Hot Sheet, Housing Economy, Housing Market, March Hot Sheet, Twin Cities Housing Market

Twin Cities Residential Construction Ends Year Slowly But Surely

January 4, 2016

Roseville, MN (January 3, 2016) –Residential construction activity closed out the year on a flat note. Even with an eight percent boost in the number of permits pulled in December (over December 2014), overall permit numbers were down one-half-of-one percent compared to 2014. According to data compiled by the Keystone…

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

December Hot Sheet

December 2, 2015

Inside the December Hot Sheet “Sales this year are running 15.7 percent ahead of 2014. With a firming job market, affordable home prices, and rising pent-up demand, today’s report is another indicator that the housing market continues to move on a modest upward trajectory.” – NAHB Chief Economist, David Crowe…

Posted in Housing First Minnesota News, Market Information | Tagged: 2015 Hot Sheet, December Hot Sheet, Housing Data, Housing Economy, Twin Cities Housing Market

Twin Cities Gets a Residential Construction Boost in November

December 1, 2015

Roseville, MN (November 30, 2015) – Several large multi-family projects in Minneapolis gave Twin Cities residential construction a boost in November. Multi-family units accounted for 73 percent of the month’s total activity and brought the total number of year to date units to the plus side (up .5 percent). Single-family…

Posted in Market Information | Tagged: BATC, Housing Data, Housing Economy, Twin Cities Housing Market