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 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 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