Residential Housing permits

Image for Twin Cities Residential Construction on Pace to reach nearly 10,000 units in 2013.

Twin Cities Residential Construction on Pace to reach nearly 10,000 units in 2013.

Despite a nearly 50 percent drop in planned units from November 2012 to November 2013, overall, residential construction in the region remains quite stable. The reduction can be attributed to fewer multi-family units permitted, as single-family homes were up by four percent for the same period. So far this year,…

Posted in Housing First Minnesota News, Market Information | Tagged: BATC, Builders Association of the Twin Cities, Pamela Belz, Residential Housing permits

Image for Multi-Family Permits Push Twin Cities Residential Construction to Triple Digit Growth in September 2013

Multi-Family Permits Push Twin Cities Residential Construction to Triple Digit Growth in September 2013

While single-family construction continues to do well — showing a 22 percent increase in September 2013 over September 2012 — a surge in multi-family construction put units permitted in 2013 at the highest point in eight years. The 1,424 units permitted in September was just behind 1,445 units permitted in…

Posted in Housing First Minnesota News, Market Information | Tagged: BATC, Builders Association of the Twin Cities, Pamela Belz, Residential Housing permits

Image for August Continues Growth Trend for Twin Cities Residential Construction

August Continues Growth Trend for Twin Cities Residential Construction

Both single family and multi-family home permitting was up for the month of August 2013, showing continued strength in the new construction market. A total of 3,315 single family homes were permitted so far in 2013, up 31 percent over January through August 2012. Year-to-date, multi-family construction is also up…

Posted in Housing First Minnesota News, Market Information | Tagged: BATC, Builders Association of the Twin Cities, Pamela Belz, Residential Construction Permits, Residential Housing permits

Image for Twin Cities’ Residential Construction Surges with Two Large Multi-Family Projects in April 2013

Twin Cities’ Residential Construction Surges with Two Large Multi-Family Projects in April 2013

Roseville, MN (April 26, 2013) – Just released statistics for April 2013 show that while single-family homes continue strong (up nearly 27 percent), two Minneapolis multi-unit apartment buildings pushed planned units up 111 percent over April 2012. Year-to-date, the region pulled 50 percent more permits for 30 percent more units…

Posted in Housing First Minnesota News, Market Information | Tagged: BATC, Builders Association of the Twin Cities, market statistics, Permit Data, Residential Housing permits

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