New construction in the Twin Cities is still on the upward swing! Building permits for the month of September were the highest they have been in 5 years!
According to the Builders Association of the Twin Cities, 413 permits were issued to build 666 units which is about 90% more than in September 2011! Not only has the number of permits increased but the value of the September permits was the highest of the year so far.
Through the first three quarters of 2012, the value of permitted units rose to $1.1 billion, a 48.7 percent increase in value over the same period in 2011. The nine-month performance marked the first time the value of permitted units has exceeded $1 billion in past five years
So far Blaine has been the leader in single family home construction with 287 permits for the year at the end of September followed by Woodbury with 182.