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Twin Cities Permit Activity October 2011

Home building permits increased in October compared to previous months, though the number of units decreased versus a year ago. According to statistics within the Keystone Report for the Builders Association of the Twin Cities, there were 289 permits issued last month compared to 227 in October 2010. Though permits increased, the number of units permitted last month fell to 378 from 551. There were more single-family construction projects and fewer large multifamily projects. Year to date, permits declined to 2,450 though October versus 2,512 in the same period last year. The year to date number of permitted units dropped to 3,519 from 4,486 in the same period a year ago. Top cities last month for permits were Blaine, Woodbury, Plymouth, Lakeville and Maple Gro
Posted on 01 November 2011