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 New Housing Starts Mixed as COVID-19 Effects Linger

New Housing Starts Mixed as COVID-19 Effects Linger

ROSEVILLE, MINN.  — New housing unit starts were down 5.3% in June 2020 compared to the same period in 2019. Single-family home starts dropped 42% in June compared to June 2019 with 391 permits pulled, but are only down 11% year-to-date over 2019. Multifamily starts were up nearly 26% this month with 1,010 units permitted,…

Posted in Housing First Minnesota News, Housing Industry, Market Information | Tagged: 2020 Permit Numbers, June Permit Numbers, Permit Numbers