Twin Cities Housing Permits

Image for Twin Cities Single-Family Homebuilding Slows as Rates and Affordability Impact the Market

Twin Cities Single-Family Homebuilding Slows as Rates and Affordability Impact the Market

Permits for new single-family homes in the Twin Cities metro continue to slow as homebuilders see more buyers impacted by higher interest rates and affordability. At the same time multifamily construction has surged ahead in the metro area, now making up nearly 70% of permitted housing units year-to-date. For the…

Posted in Housing First Minnesota News, Housing Industry | Tagged: Homebuilding, Housing Market Data, July Construction Permits, Twin Cities Housing Permits

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

Image for Strong Housing Demand Continues to Drive Twin Cities Homebuilding Activity

Strong Housing Demand Continues to Drive Twin Cities Homebuilding Activity

This month, Twin Cities single-family construction had its best October since 2005. There were 712 permits pulled for single-family homes this month, an increase of 28% over October of last year. Multifamily construction continues to slow its pace in the Twin Cities, with permits pulled for 675 units, a drop…

Posted in Housing Industry, Market Information | Tagged: Housing permits, October permit numbers, Twin Cities Housing Permits

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

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