Image for Twin Cities Residential Construction Slows in February

Twin Cities Residential Construction Slows in February

Roseville, MN (February 25, 2016) – Residential construction numbers dipped to a twelve month low in February, with a month over month 17 percent decrease in the number of permits pulled compared to 2015. Single-family production dropped month over month by 18 percent. Mulitfamily production slowed to only 24 percent…

Posted in Housing First Minnesota News, Market Information | Tagged: Builders Association of the Twin Cities, Meg Jaeger, Permit Data, Residential Building Permits, Twin Cities Housing Data, Twin Cities Housing Market

Image for February Hot Sheet

February Hot Sheet

“While we had hoped to see a much stronger year in 2015, we continued to see new residential construction lag behind the existing housing market. With the ruling just released by the Minnesota Supreme Court to let the Court of Appeals decision invalidating the expensive residential sprinkler mandate stand, we…

Posted in Market Information | Tagged: Builders Association of the Twin Cities, February Hot Sheet, Home Building Industry, Twin Cities Housing Data, Wells Fargo Home Mortgage

Image for Twin Cities Residential Construction Off to a Good Start

Twin Cities Residential Construction Off to a Good Start

Roseville, MN (January 29, 2016) – Residential construction started the year with a significant boost in activity compared to January 2015. Month over month, January saw a 31 percent increase in the number of permits pulled and a 32 percent increase in the number of units, compared to 2015. Mulitfamily…

Posted in Market Information | Tagged: Builders Association of the Twin Cities, Housing Data, Twin Cities Housing Data, Twin Cities Housing Market