Minneapolis / St Paul Building Permits



Building Permits for Minneapolis / St Paul, MN have dipped a bit going into the winter months, which is to be expected.  From the graph below you can see a historical perspective of permits.  The blue line shows all building permits and the red line is just the 1-Unit structure permits.

1 Units Structure permits dipped to 481 in November.  It is fair to expect to see these permits begin to increase going into the spring.

2012-08-01   567
2012-09-01   557
2012-10-01   556
2012-11-01   481

Permits including Apartment Buildings have seen a big increase in 2012.  This is mainly due to an apartment building will have 1 permit issued for every unit.

There is still a long way to go before the market gets back to “normal”.  Given the current inventory of homes available for sale in Minneapolis / St Paul – there will be need for more homes to be built assuming there is even modest demand.

12292012 mpls building permits

 

 

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Realtor. Twin Cities Area specializing in New Construction, Development and Investment Properties.