Just a quick update of the new construction activity in the Twin Cities metro area. Building Permits have been up recently, below is a look at all building permits including Apartment Buildings (1 permit for every unit). This shows a substantial increase.
Monthly: Not Seasonally Adjusted:
2012-06-01 766 2012-07-01 1091 2012-08-01 749 2012-09-01 1501 2012-10-01 1577
If we look at just 1-Unit structures, aka. Single Family Homes – we see a little different result. It paints a pretty clear picture of the marketplace. The market is still “Renting” vs. “Owning”. It doesn’t tell us why, but that is a pretty easy speculation. Lack of Jobs, Lack of Confidence, and difficulty financing.
Monthly - Not Seasonally Adjusted:
2012-06-01 594 2012-07-01 511 2012-08-01 567 2012-09-01 557 2012-10-01 556
Related articles
About 
