Residential Permits

Image for Twin Cities Home Construction Continues to Surge in March

Twin Cities Home Construction Continues to Surge in March

The impacts of historically low existing housing inventory and low mortgage rates continue to push demand for new single-family homes in the Twin Cities to highs not seen since 2004. For the month of March there were 631 permits pulled for single-family homes, an increase of 50% over March of…

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

Image for Twin Cities Residential Construction Surpasses 10,000 units in 2013, a First Since 2006

Twin Cities Residential Construction Surpasses 10,000 units in 2013, a First Since 2006

For the first time since 2006, the Twin Cities region permitted over 10,000 residential units this year, an increase of 14 percent over 2012. About half of the total permitted units were in multi-family dwellings, which was about four percent higher than in 2012. Single-family construction continued to show strong…

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

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