Building Permits
Monthly New Privately-Owned Residential Building Permits

     These figures have been compiled by extracting the numbers published by the US Census Bureau and re-assembled to make them easier for local businesses dependant on the construction market. The figures show how the momentum in the industry is progressing in comparison to previous years so companies can plan for the future with this information in mind. The goal is not to try to make these numbers look good or bad, but only to show the facts of what we can expect in the coming months.
 
Bookmarks: Minnesota Twin Cities Fargo / Moorhead St Cloud

 

Midwest  
Month Units Year to date units
Apr 2008 160,000 596,000
Mar 2008 126,000  
Feb 2008 130,000  
Jan 2008 180,000  
Apr 2007 226,000 932,000
Apr 2006 283,000 1,310,000
Summary: Midwest seem to be trying to get the engines started on the jobsites and is picking up some steam. Though the Midwest trend is below the national trend.

 

Minnesota Bookmarks
Month Units Value Year to
date units		 Year to
date value		 Special note
Apr 2008 970 189,835,000 2469 529,359,000 269 units in 28 multi unit building, 36 units in twins/t.h.
Mar 2008 772 141,302,000      
Feb 2008 383 92,574,000      
Jan 2008 485 108,107,000      
Apr 2007 1701 314,686,000 4836 945,023,000 898 units in 64 multi unit building, 45 units in twins/t.h.
Apr 2006 2395 434,093,000 8143 1,499,281,000 1365 units in 93 multi unit building, 127 units in twins/t.h.
Summary: New permits are still appearing at the same momentum of just over half from last year . The drop in building permits in Minnesota is worse than the national average as it is showing a drop of close to 2/3 of last year's building permits.

 

Twin Cities, Mn Bookmarks
Month Units Value Year to
date units		 Year to
date value		 Special note
Apr 2008 456 106,605,000 1372 355,557,000 191 units in 12 multi unit building, 22 units in twins/t.h.
Mar 2008 501 97,870,000 1045 258,815,000 269 units in 9 multi unit building, 16 units in twins/t.h.
Feb 2008 286 75,440,000      
Jan 2008 280 82,661,000      
Apr 2007 979 209,784,000 3131 694,582,000 609 units in 24 multi unit building, 49 units in twins/t.h.
Apr 2006 1378 280,447,000 4901 1,043,086,000 702 units in 29 multi unit building,90 units in twins/t.h.
Summary: Twin Cities is showing a sudden drop from 75% to 67% of all of Minnesota's building permits. Apr 2008 YTD in multi units is showing a large drop from Mar 2008 YTD multi units and this is probably due to a large project getting cancelled.

 

Fargo / Moorhead, ND / Mn Bookmarks
Includes:  Fargo, West Fargo, Moorhead, North River
Month Units Value Year to
date units		 Year to
date value		 Special note
Apr 2008 207 29,823,517 315 37,867,017 130 units in 4 multi unit buildings
Mar 2008 95 6,512,500     84 units in 2 multi unit buildings
Feb 2008 8 975,000      
Jan 2008 5 556,000      
Apr 2007 132 22,908,085 272 37,838,479 78 unit building & 4 unit townhome
Apr 2006 166 26,893,364 306 40,960,761 52 units in 3 buildings
Summary: Moorhead and West Fargo finally kicked in April 2008 as it seemed they were off to a scary start this year. Most likely the long winter to blame and not the state of the economy. This area is still growing very strong and it is one of the hottest spots for new building permits. The number of multi units demonstrates that this area is showing housing shortages.

 

St Cloud, Mn Bookmarks
Includes:  St Cloud, Sauk Rapids, Sartell, Waite Park, Rice, Clear Lake, Clearwater & Cold Spring combined
Month Units Value Year to
date units		 Year to
date value		 Special note
Apr 2008 24 2,907,651 47 5,807,559 12 units in 2 multi unit building, 1 twin
Mar 2008 7 916,631 23 2,899,908 5 units in 1 multi unit building
Feb 2008 6 1,046,838      
Jan 2008 10 936,439      
Apr 2007 46 6,024,607 136 17,218,195 41 units in 8 multi unit buildings
Apr 2006 80 11,035,747 213 27,989,119 27 units in 5 multi unit buildings, 2 twins
Summary: This St Cloud area has improved and now has 33% of the permits it had 1 year ago compared to last month's 25% trend.

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