Twin Cities homebuilders pulling more permits - Bring Me The News

Twin Cities homebuilders pulling more permits

MPR News reports permits increased by 20 percent. The Builders Association of the Twin Cities says single-family homes took up the majority of those permits. However, multi-family construction was down 40 percent in August, compared to last year.
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MPR News reports permits increased by 20 percent. The Builders Association of the Twin Cities says single-family homes took up the majority of those permits. However, multi-family construction was down 40 percent in August, compared to last year.

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Twin Cities building permits up 57 percent from year ago

Building permits are on the rise in the Twin Cities. According to data from the Keystone Report for the Builders Association of the Twin Cities, building permits issued in the Twin Cities this month were up 57 percent over last July, to 403, and the number of units permitted more than doubled, to 783. The data also revealed that 3,953 units have been permitted, up 75 percent over the same time last year.

Twin Cities construction activity leaps in September

There was a big jump in construction activity in the Twin Cities in September, the Business Journal reports, citing figures published by McGraw-Hill Construction. Nonresidential construction in the metro in September totaled $200 million, compared to just $90 million during the same month in 2011. Residential construction totaled $313 million, well above the $123 million in September 2011.