Image for Twin Cities homebuilding slows from furious to fast pace

Twin Cities homebuilding slows from furious to fast pace

The pace of construction of single-family homes in the Twin Cities continues to slow, especially when compared to last year’s second-half surge. Area homebuilders pulled 594 permits for new single-family homes in October, a 5% drop from October of last year. Multifamily construction had another strong month with 1,178 permitted…

Posted in Housing First Minnesota News, Market Information | Tagged: October permit numbers, Twin Cities Homebuilding, Twin Cities Housing Market

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