Twin Cities Housing Market

Image for May Surge in Single-Family Construction

May Surge in Single-Family Construction

Roseville, Minn. (May 31, 2018) – Twin Cities single-family homebuilders had their hottest May since 2006 and we’re not talking about the weather. For the month, the number of single-family permits pulled increased to 665, a 30 percent increase over May of last year. That’s the most single-family permits pulled…

Posted in Housing First Minnesota News, Market Information | Tagged: 2018 Permit Numbers, Home Building Industry, May Construction, New Construction, Twin Cities Housing Market

Image for Twin Cities Homebuilding Activity Starts Year Steady

Twin Cities Homebuilding Activity Starts Year Steady

Roseville, Minn. (Jan. 25, 2018) – Residential construction activity started the year slightly down from last year, but still at the second highest rate in over a decade. There were 402 single-family permits pulled in the month of January, down 6 percent compared to January 2017. With 517 units, multifamily construction…

Posted in Housing First Minnesota News, Market Information | Tagged: Permit Data, Residential Housing permits, Twin Cities Building Stats, Twin Cities Housing Market

Image for 2017 Marks Best Year in a Decade for Twin Cities Home Builders

2017 Marks Best Year in a Decade for Twin Cities Home Builders

Roseville, Minn. (Dec. 27, 2017) – Single-family construction ended the year on a high note, with a 36 percent increase in production over December 2016. Multi-family activity also had a very strong month with a 1,100 percent increase in units. Twin Cities residential construction ended 2017 with 6,113 permits pulled…

Posted in Housing First Minnesota News, Market Information | Tagged: 2017 Permit Numbers, December Permit Numbers, Twin Cities Housing Market, Twin Cities Residential Construction

Image for Renewed Surge in Residential Construction in November

Renewed Surge in Residential Construction in November

Roseville, Minn. (Nov. 30, 2017) – After a flat October, Twin Cities home builders made up for it in November. The number of single-family permits pulled in November spiked to 586, increasing 30 percent over November last year. Multifamily construction had its best month this year with 1,306 permitted units,…

Posted in Housing First Minnesota News, Market Information | Tagged: Builders Association of the Twin Cities, Housing First Minnesota, Minnesota Housing Market, Single-family Construction, Twin Cities Housing Market, Twin Cities Permit Data

Image for The November Hot Sheet

The November Hot Sheet

INSIDE THE NOVEMBER HOT SHEET The sharp rise in multi-family construction underscores the power of regulatory reform. Legislation encouraging homeownership, including cost protections for new-home buyers, will continue to be the top priority for Minnesota’s housing industry.” – Bob Michels, Housing First Minnesota President DOWNLOAD THE NOVEMBER HOT…

Posted in Housing First Minnesota News, Market Information | Tagged: The November Hot Sheet, Twin Cities Housing Data, Twin Cities Housing Market

Image for Twin Cities Homebuilders Increase Townhome Production

Twin Cities Homebuilders Increase Townhome Production

Roseville, Minn. (Oct. 26, 2017) – Multi-family construction spiked upwards from this time last year, with 670 permitted units, up 69 percent from October of last year. So far, this year townhome units have increased by 65 percent, but still only make up 6 percent of new residential construction. The number…

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

Image for Twin Cities Single-Family Construction Rises in August

Twin Cities Single-Family Construction Rises in August

The Twin Cities saw an uptick in new home permits in August, following a slight dip in July. The number of single-family permits pulled this month grew 17 percent compared to August 2016. Multifamily construction saw a decrease from this time last year, with 400 permitted units, down 9 percent…

Posted in Housing First Minnesota News, Market Information | Tagged: Housing First Minnesota, Twin Cities Housing Market, Twin Cities Permit Data

Image for Twin Cities Single-Family Construction Dips Slightly in July

Twin Cities Single-Family Construction Dips Slightly in July

After several months of increased growth, single-family construction slowed slightly in July. The number of single-family permits pulled for the month dipped by five percent compared to July 2016. Multifamily construction saw little change from this time last year with 664 permitted units, up 3 percent from July last year. According to data…

Posted in Housing First Minnesota News, Market Information | Tagged: Housing First Minnesota, Twin Cities Housing Market, Twin Cities Permit Data

Image for Twin Cities Residential Construction Permits Hit 10-Year High

Twin Cities Residential Construction Permits Hit 10-Year High

Roseville, MN – Single-family construction surged ahead in June with a total of 612 permitted units. The last time Twin Cities home builders pulled more than 600 permits in a single month was in January of 2006. Multifamily construction slowed slightly in June with 385 permitted units. Town home construction…

Posted in Market Information | Tagged: Residential Building Permits, Single-family Construction, Twin Cities Housing Market, Twin Cities Permit Data

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