Housing Market Data

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 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 Slow Start to 2023 for Twin Cities Homebuilders

Slow Start to 2023 for Twin Cities Homebuilders

Permits for new single-family homes fell by 46% Twin Cities homebuilding activity continues to stall as mortgage rates hold homebuyers on the sidelines. Metro builders pulled permits for 328 single-family homes in January, a 46% drop from January of last year. Multifamily construction in the Twin Cities hit…

Posted in Housing First Minnesota News, Market Information | Tagged: Housing First Minnesota, Housing Market Data, James Vagle, John Quinlivan, Residential Building Permits, Twin Cities Homebuilders, Twin Cities Housing Data, Twin Cities Housing Market

Image for Twin Cities Single-Family Homebuilding Slows as Rates and Affordability Impact the Market

Twin Cities Single-Family Homebuilding Slows as Rates and Affordability Impact the Market

Permits for new single-family homes in the Twin Cities metro continue to slow as homebuilders see more buyers impacted by higher interest rates and affordability. At the same time multifamily construction has surged ahead in the metro area, now making up nearly 70% of permitted housing units year-to-date. For the…

Posted in Housing First Minnesota News, Housing Industry | Tagged: Homebuilding, Housing Market Data, July Construction Permits, Twin Cities Housing Permits

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

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