Permits

Image for Twin Cities home construction ends summer on a positive note

Twin Cities home construction ends summer on a positive note

Roseville, Minn – Homebuilding in the Twin Cities maintained its steady pace in August despite stubborn, high mortgage rates continuing to impact activity. Metro homebuilders pulled 586 permits for single-family homes during the month of August. This is a 3% increase over last year and a 30% increase from July.

Posted in Market Information | Tagged: Permits

Image for Single-family home construction remains strong in June

Single-family home construction remains strong in June

Roseville, Minn – The demand for new single-family homes continues to push strong homebuilding activity. Homebuilders in the metro area pulled 542 permits for single-family homes throughout the month — a 15% increase over June 2023. However, multifamily construction was nearly nonexistent in June. Builders pulled permits for just 24…

Posted in Market Information | Tagged: Housing Data, Keystone Report, Minnesota Construction Data, Permits

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

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