Image for Strong Spring for Twin Cities Homebuilding Activity

Strong Spring for Twin Cities Homebuilding Activity

Multifamily construction in the metro area continued to soar past last year’s pace in April. Single-family construction in the Twin Cities picked up as well, according to the latest permit numbers by the Keystone Report. There were 750 permits pulled for new single-family homes for the month, a 12% increase…

Posted in Housing First Minnesota News, Housing Industry, Market Information | Tagged: April Homebuilding Permits, the keystone report, Twin Cities Home Construction, Twin Cities Permit Data, Twin Cities Permit Numbers

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 Single-Family Homebuilding off to Strong Start

Twin Cities Single-Family Homebuilding off to Strong Start

Homebuilders are off to another busy start to the year. Single-family construction in the Twin Cities kicked off the first month of 2022 with double-digit gains over January of last year with 606 permits pulled, a 12% increase over 2021. Townhome construction and small multifamily projects (16 units or less)…

Posted in Housing First Minnesota News, Market Information | Tagged: Housing First Minnesota, January Permits, Minnesota Housing, Minnesota Housing Market, Single-family Construction, Twin Cities Home Construction, Twin Cities Housing Permits