Minneapolis/St Paul/Bloomington, MN area building permits have been nudging up. The below chart show 1-Unit Structure permits in blue and total unit permits which included multi-family (apartments) in red.
The data is updated up to April 1st 2012, so there is a bit of lag time in the reporting. I am guessing we will see building permits go beyond 2010’s figures as this marketplace is still heating up… As you can see, we are still a long ways away from historical norms for building permits.
- Minneapolis St Paul Building Permits (craigkamman.com)
- Housing Construction Pauses (eyeonhousing.wordpress.com)
- Homebuilding permits returning in top foreclosure states (housingwire.com)