Twin Cities Building Market

Image for Building Permits for Single-family Homes in the Twin Cities Fall Short in 2022

Building Permits for Single-family Homes in the Twin Cities Fall Short in 2022

Slowest December in a decade for new single-family home construction The 2022 Twin Cities housing market saw deep impacts from the rate hikes by the Federal Reserve as they pushed mortgage interest rates to a 20-year high. With a larger share of homebuyers now unable to purchase a new home,…

Posted in Market Information | Tagged: 2022 Housing Market, December Permit Numbers, Housing First Minnesota, new homes, Twin Cities Building Data, Twin Cities Building Market, Twin Cities Housing Market

Image for Homebuilding Cooldown Continues in November

Homebuilding Cooldown Continues in November

Permits for new Twin Cities single-family homes fell 37% in November Uncertain economic conditions and interest rates continue to have a chilling impact on homebuilding activity. For the month of November, homebuilders pulled permits for 389 new single-family homes, a 37% drop from last year. Multifamily construction activity…

Posted in Housing First Minnesota News, Market Information, Uncategorized | Tagged: Homebuilding permits, Housing Data Twin Cities, November Housing Permits, Residential Housing permits, Twin Cities Building Market

Image for Twin Cities Residential Permits Rebound in July

Twin Cities Residential Permits Rebound in July

After showing signs of a major slowdown in May and June, residential construction activity bounced back in July with double-digit gains in both permits issued and units planned. Single-family home permits jumped 13% in July compared to July 2019 with 580 permits pulled. Multifamily activity also saw a boost with 559…

Posted in Market Information | Tagged: 2020 Permit Numbers, Housing Data Twin Cities, Twin Cities Building Market, Twin Cities Housing Permits

Image for Twin Cities Residential Construction Activity Stalls in August

Twin Cities Residential Construction Activity Stalls in August

While single-family construction continued to climb in August, it wasn’t enough to keep the five-month new residential construction hot streak alive. For the first time in five-months, permit numbers took a slight dip, down one percent when compared to this month last year. Year-to-date single family permits are up 10…

Posted in Market Information | Tagged: New Construction, Residential Building Permits, Twin Cities Building Market, Twin Cities Housing Data

Image for Twin Cities Residential Construction Continues Modest Climb

Twin Cities Residential Construction Continues Modest Climb

Roseville, MN (April 2, 2016) – Year to date 2016 is off to the strongest start for number of residential construction permits pulled since 2007. Single-family production continued its upward trend with a three percent increase year-to-date. Multifamily production picked up in April with the help of several large projects,…

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

Image for December Hot Sheet

December Hot Sheet

“Single-family and multifamily starts are at five-year highs, providing additional evidence that the recovery is here to stay. We hit a soft spot this fall when interest rates jumped and the government closed down, but mortgage rates still remain very affordable and pent-up demand is helping to boost the…

Posted in General, Housing First Minnesota News, Market Information | Tagged: BATC Hot Sheet, Building Industry, December Hot Sheet, Hot Sheet, Industry News, Twin Cities Building Market

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