Permit Numbers

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 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 Single-Family Construction Continues to Surge As Homebuilders Make up for Slow Spring

Single-Family Construction Continues to Surge As Homebuilders Make up for Slow Spring

The number of permits pulled for new single-family homes continued to soar in November, making up for the slow spring and bringing the total number of single-family permits for the year into the positive growth column. There were 701 permits pulled for single-family homes this month, an increase of 8%…

Posted in Housing First Minnesota News, Housing Industry, Market Information | Tagged: Homebuilding, Housing Data Twin Cities, Housing Market, New Home Data, Permit Numbers

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

Image for Ripple Effect of COVID Disruptions Impact May Building Permit Numbers

Ripple Effect of COVID Disruptions Impact May Building Permit Numbers

ROSEVILLE, MINN.  —  Homebuilding activity declined in the Twin Cities this month as the effects of COVID-19 reached the construction sector. Single-family permits decreased 25% year-over-year to 396 permits pulled in May 2019. Multifamily activity, which had already begun to slow, saw the number of units falling by 72% compared to May 2019,…

Posted in Market Information | Tagged: May Permits, Permit Numbers

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