New Construction

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May Surge in Single-Family Construction

Roseville, Minn. (May 31, 2018) – Twin Cities single-family homebuilders had their hottest May since 2006 and we’re not talking about the weather. For the month, the number of single-family permits pulled increased to 665, a 30 percent increase over May of last year. That’s the most single-family permits pulled…

Posted in Housing First Minnesota News, Market Information | Tagged: 2018 Permit Numbers, Home Building Industry, May Construction, New Construction, Twin Cities Housing Market

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Hot Spring for Twin Cities Home Builders

  Roseville, MN – After five years of relatively flat permit numbers, Twin Cities residential construction is pacing for a year of serious growth. Year to date permits are up 25 percent over 2016, and permitted units are up 62 percent over this time last year. April permit numbers revealed…

Posted in Housing First Minnesota News, Market Information | Tagged: April Permit Numbers, New Construction, Twin Cities Housing Data, Twin Cities Housing Market

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Twin Cities Residential Construction Activity Stalls in August

While single-family construction continued to climb in August, it wasn’t enough to keep the five-month new residential construction hot streak alive. For the first time in five-months, permit numbers took a slight dip, down one percent when compared to this month last year. Year-to-date single family permits are up 10…

Posted in Market Information | Tagged: New Construction, Residential Building Permits, Twin Cities Building Market, Twin Cities Housing Data

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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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