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



 Download my free property search app



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