Residential Building Permits

Image for Twin Cities Homebuilding Continues Its Slump in April

Twin Cities Homebuilding Continues Its Slump in April

Homebuilding continues to lag in the Twin Cities even as the metro faces a stark shortage of homes. Twin Cities builders pulled permits for 386 single-family homes in April, a 38% drop from this time last year. Multifamily construction continued its downward trend with permits pulled for 240 units, an…

Posted in Housing First Minnesota News, Market Information | Tagged: Housing Data Twin Cities, Housing Market Data, Residential Building Permits, Spring Housing Market

Image for Slow Start to 2023 for Twin Cities Homebuilders

Slow Start to 2023 for Twin Cities Homebuilders

Permits for new single-family homes fell by 46% Twin Cities homebuilding activity continues to stall as mortgage rates hold homebuyers on the sidelines. Metro builders pulled permits for 328 single-family homes in January, a 46% drop from January of last year. Multifamily construction in the Twin Cities hit…

Posted in Housing First Minnesota News, Market Information | Tagged: Housing First Minnesota, Housing Market Data, James Vagle, John Quinlivan, Residential Building Permits, Twin Cities Homebuilders, Twin Cities Housing Data, Twin Cities Housing Market

Image for Twin Cities Permits for New Homes Continue to Fall in September

Twin Cities Permits for New Homes Continue to Fall in September

Homebuilders in the Twin Cities metro continued to see a scale back in construction activity in September. For the month, homebuilders pulled 410 permits for new single-family homes, a 27% drop from last September. Multifamily construction picked up in September, with permits pulled for 1,221 units an increase of 6%…

Posted in Market Information | Tagged: Housing First Minnesota, Housing permits, Minnesota Housing Market, New Homes Twin Cities, Residential Building Permits, Twin Cities Housing Data, Twin Cities Permits

Image for Permits For New Single-Family Homes in the Twin Cities Hit May Slump

Permits For New Single-Family Homes in the Twin Cities Hit May Slump

While multifamily construction continues to soar ahead, single-family construction shows signs of strain on the market. There were 559 permits pulled for new single-family homes for the month, an 18% drop from May of last year. Permits were pulled for 1,529 multifamily units, more than a 450% increase from last…

Posted in Housing First Minnesota News, Market Information | Tagged: Housing Data Twin Cities, Residential Building Permits, Single-family Construction, Twin Cities Permits

Image for Twin Cities Homebuilding Sails into Spring

Twin Cities Homebuilding Sails into Spring

Multifamily construction roared back into action in March. While single-family construction lagged last March’s permit numbers, it still recorded the second-best March in over 15 years. Permits for new single-family homes in the Twin Cities dropped by 8% in March 2022 with 574 permitted units. Multifamily construction, including townhomes, saw…

Posted in Housing First Minnesota News, Market Information | Tagged: March Housing Permits, Multifamily construction, Residential Building Permits, Single-family Construction, Twin Cities Home Construction, Twin Cities Homebuilding

Image for Twin Cities Homebuilding Headwinds Slow Construction in August

Twin Cities Homebuilding Headwinds Slow Construction in August

The number of permits pulled in the Twin Cities for new single-family homes in August fell as measured against the same period last year for the first time in 2021. The slowdown reflects the growing number of market and regulatory challenges that continue to hinder builders’ ability to bring new…

Posted in Housing First Minnesota News, Market Information | Tagged: New Home Data, Residential Building Permits, Twin Cities Housing Data

Image for Twin Cities Single-Family Building Boom Continues in June

Twin Cities Single-Family Building Boom Continues in June

Permits for new single-family homes continue to surge as the Twin Cities housing market remains in short supply of homes for sale. Twin Cities homebuilders pulled 637 permits for new single-family homes in June, a 63% increase over June of 2020. Multifamily construction remains lackluster so far in 2021 making…

Posted in Housing First Minnesota News, Market Information, Uncategorized | Tagged: Housing Data Twin Cities, June Permit Numbers, New Home Data, Residential Building Permits

Image for Twin Cities Single-Family Construction Surges in June

Twin Cities Single-Family Construction Surges in June

Roseville, Minn. – After four months of falling permit numbers, single-family construction surged in June with a 21% increase over this time last year and a 6% increase over May. Multifamily construction slowed slightly in June falling 38% from last month with permits pulled for 803 units. “With mortgage rates falling,…

Posted in Housing First Minnesota News, Market Information | Tagged: Keystone Report, Residential Building Permits, Single-family Construction, Twin Cities Housing Market

Image for Twin Cities Homebuilders Increase Townhome Production

Twin Cities Homebuilders Increase Townhome Production

Roseville, Minn. (Oct. 26, 2017) – Multi-family construction spiked upwards from this time last year, with 670 permitted units, up 69 percent from October of last year. So far, this year townhome units have increased by 65 percent, but still only make up 6 percent of new residential construction. The number…

Posted in Housing First Minnesota News, Market Information | Tagged: Permit Data, Residential Building Permits, Twin Cities Building Stats, Twin Cities Housing Market

Image for Twin Cities Residential Construction Permits Hit 10-Year High

Twin Cities Residential Construction Permits Hit 10-Year High

Roseville, MN – Single-family construction surged ahead in June with a total of 612 permitted units. The last time Twin Cities home builders pulled more than 600 permits in a single month was in January of 2006. Multifamily construction slowed slightly in June with 385 permitted units. Town home construction…

Posted in Market Information | Tagged: Residential Building Permits, Single-family Construction, Twin Cities Housing Market, Twin Cities Permit Data

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