Residential construction permits issued in the Twin Cities were up 64 percent in June over last June, and year-to-date planned units are at their highest level since 2007, reports the Builders Association of the Twin Cities.
The group says 496 permits for a total of 912 units were issued in the first four weeks of June. Year-to-date, metro cities issued 2,379 permits for a total of 4,204 units.
Builders Association of the Twin Cities President Pamela Belz said:
“As the year progresses, evidence continues to grow that the housing market is truly rebounding across the region. And growth is happening in spite of both a labor shortage and delays caused by the out-of-the-ordinary weather we’ve had. The long winter kept road restrictions on longer than usual, and now the rain is saturating the ground and delaying foundations from going in across the metro.”
Cities with most permits issued in June:
- Minneapolis, 380 units
- Brooklyn Park and Woodlbury, 31 each
- Woodbury, 31
- Ramsey, 29
- Blaine, Chanhassen and Lakeville, 23 each.