Twin Cities Housing Market

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Hot Spring for Twin Cities Home Builders

  Roseville, MN – After five years of relatively flat permit numbers, Twin Cities residential construction is pacing for a year of serious growth. Year to date permits are up 25 percent over 2016, and permitted units are up 62 percent over this time last year. April permit numbers revealed…

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

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Another Strong Home Building Surge in March

  For the fourth month in a row, home building activity continues to break 10-year old permit number records. March total permits are up nearly 30 percent over this month last year, while units are up nearly 50 percent over March 2016. The boost this month can be credited to…

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

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The March Hot Sheet

INSIDE THE MARCH HOT SHEET “Some pull back in housing production is unsurprising after an overly strong multifamily reading last month. As we move forward in 2017, we can expect the multifamily sector to continue to stabilize and single-family production to move forward at a gradual but consistent pace.” –…

Posted in Housing First Minnesota News, Market Information | Tagged: 2017 hot sheet, Builders Association of the Twin Cities, Housing Economy, Twin Cities Housing Market

Image for Residential Construction Continues to Pick up the Pace in February

Residential Construction Continues to Pick up the Pace in February

  Roseville, MN (February 28, 2017) – With housing inventory at a 14-year record low, Twin Cities residential construction continues to gather steam. February total units rose a remarkable 93 percent over this month last year, while permits were up 18 percent over February 2016. The increase in activity in…

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

Image for 2016 Marks Best Year for Residential Construction in a Decade

2016 Marks Best Year for Residential Construction in a Decade

Continued growth in single-family construction in 2016 pushed the Twin Cities residential construction permit numbers to a high we haven’t seen since 2006. For the year total permits were up 11 percent over last year, while total units were up just one percent from 2015. Single-family permits ended the year…

Posted in Housing First Minnesota News, Market Information | Tagged: 2016 Housing Market, December Permit Numbers, Residential Building Permits, Twin Cities Housing Market

Image for Twin Cities Residential Construction Hits 9-Year High

Twin Cities Residential Construction Hits 9-Year High

Roseville, MN (June 28, 2016) – With the help of a surge in single-family construction, June saw the most housing permits pulled in a single month since 2007. Comparing June month-over-month permits were up 19 percent compared to 2015 and single-family permits rose by 24 percent. So far, 2016 is…

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

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