Housing permits

Image for Homebuilding in the Twin Cities Remains Steady Despite Rate Hurdles

Homebuilding in the Twin Cities Remains Steady Despite Rate Hurdles

Roseville, Minn (September 2023) – Twin Cities single-family home construction saw another strong month in September as mortgage rates continue to rise and supply in the existing market dwindles. Metro builders pulled permits for 656 single-family homes during the month, an 80% increase from the same time last year. Activity…

Posted in Market Information | Tagged: Housing permits, Minnesota Housing, Permit Numbers, Permits

Image for Twin Cities Permits for New Homes Continue to Fall in September

Twin Cities Permits for New Homes Continue to Fall in September

Homebuilders in the Twin Cities metro continued to see a scale back in construction activity in September. For the month, homebuilders pulled 410 permits for new single-family homes, a 27% drop from last September. Multifamily construction picked up in September, with permits pulled for 1,221 units an increase of 6%…

Posted in Market Information | Tagged: Housing First Minnesota, Housing permits, Minnesota Housing Market, New Homes Twin Cities, Residential Building Permits, Twin Cities Housing Data, Twin Cities Permits

Image for Twin Cities Homebuilding Continues Cool Down in August

Twin Cities Homebuilding Continues Cool Down in August

It was another slow month for Twin Cities homebuilders as permits for new single-family homes continue to fall. For the month, builders pulled 344 permits for new single-family homes, a 28% drop from last August. Multifamily construction slowed from the high pace of the previous months this year, but it…

Posted in Housing First Minnesota News, Market Information | Tagged: Housing permits, Housing Units, Minnesota Housing Market, Permit Numbers, Twin Cities Homebuilding, Twin Cities Housing Market, Twin Cities Residential Permits

Image for Twin Cities Homebuilding Continues to Push Ahead Despite Numerous Headwinds

Twin Cities Homebuilding Continues to Push Ahead Despite Numerous Headwinds

Permits for new single-family homes continued to climb in July, despite the numerous challenges in the homebuilding process right now. Twin Cities homebuilders pulled 640 permits for new single-family homes in July, a 10% increase over last July. After several months of lackluster numbers, multifamily construction had one of its…

Posted in Housing First Minnesota News, Housing Industry, Market Information | Tagged: Housing permits, Twin Cities Building Stats, Twin Cities Housing Market

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 Strong Housing Demand Continues to Drive Twin Cities Homebuilding Activity

Strong Housing Demand Continues to Drive Twin Cities Homebuilding Activity

This month, Twin Cities single-family construction had its best October since 2005. There were 712 permits pulled for single-family homes this month, an increase of 28% over October of last year. Multifamily construction continues to slow its pace in the Twin Cities, with permits pulled for 675 units, a drop…

Posted in Housing Industry, Market Information | Tagged: Housing permits, October permit numbers, Twin Cities Housing Permits

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