November Housing Permits

Image for Homebuilding Cooldown Continues in November

Homebuilding Cooldown Continues in November

Permits for new Twin Cities single-family homes fell 37% in November Uncertain economic conditions and interest rates continue to have a chilling impact on homebuilding activity. For the month of November, homebuilders pulled permits for 389 new single-family homes, a 37% drop from last year. Multifamily construction activity…

Posted in Housing First Minnesota News, Market Information, Uncategorized | Tagged: Homebuilding permits, Housing Data Twin Cities, November Housing Permits, Residential Housing permits, Twin Cities Building Market

Image for Twin Cities Single-Family Construction Remains Strong But Shows Signs of Slowdown

Twin Cities Single-Family Construction Remains Strong But Shows Signs of Slowdown

Twin Cities homebuilders continue to build new single-family homes at a brisk pace, but November continued to be slower than last year’s all-out surge. Area homebuilders pulled 619 permits for new single-family homes in November, a 12% drop from this time last year. Multifamily construction continued to pick up when…

Posted in Housing First Minnesota News, Housing Industry, Market Information, Uncategorized | Tagged: Housing First Minnesota, New Home Construction, November Housing Permits, Single-family Construction, Twin Cities Homebuilding, Twin Cities New Homes

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