Twin Cities Summer of New Construction
Posted by Matt Barker on Tuesday, August 24, 2010 at 12:58 PM
By Matt Barker / August 24, 2010
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New numbers from around the Twin Cities metro area indicate home construction is beginning to pick up. After reaching record lows in 2008 and 2009, officials are cautiously hopeful about new home construction over summer.
According to the Builders Association of the Twin Cities, Blaine was the leader for July in the number of building permits issued with 28, followed by Maple Grove with 26, Woodbury with 17, Hugo with 14, and Shakopee with 12.
For the total number of units permitted in July, Blaine topped the list with 28, followed by Maple Grove with 27, Woodbury with 25, Hugo with 21, and Shakopee with 12.
For the first seven months of 2010, Maple Grove issued 160 permits, followed by Blaine with 153, Shakopee with 126, Woodbury with 98, and Lakeville with 85. Oakdale, Woodbury, Cottage Grove and Forest Lake have already issued more permits this year than in all of 2009.
There has been a flurry of activity in Woodbury and Hugo. Woodbury leads the entire metro area in terms of planned units for 2010, as well as the valuation of permits issued. Through the end of July, Woodbury had approved 98 permits for 373 units valued at $49.8 million. In 2009, 255 units were approved.
Though it is an improvement, it is unlikely home building will ever return to the boom period the Twin Cities saw during the last two decades, when Woodbury saw more than 1,600 new units a year.
According to the Builders Association of the Twin Cities, Blaine was the leader for July in the number of building permits issued with 28, followed by Maple Grove with 26, Woodbury with 17, Hugo with 14, and Shakopee with 12.
For the total number of units permitted in July, Blaine topped the list with 28, followed by Maple Grove with 27, Woodbury with 25, Hugo with 21, and Shakopee with 12.
For the first seven months of 2010, Maple Grove issued 160 permits, followed by Blaine with 153, Shakopee with 126, Woodbury with 98, and Lakeville with 85. Oakdale, Woodbury, Cottage Grove and Forest Lake have already issued more permits this year than in all of 2009.
There has been a flurry of activity in Woodbury and Hugo. Woodbury leads the entire metro area in terms of planned units for 2010, as well as the valuation of permits issued. Through the end of July, Woodbury had approved 98 permits for 373 units valued at $49.8 million. In 2009, 255 units were approved.
Though it is an improvement, it is unlikely home building will ever return to the boom period the Twin Cities saw during the last two decades, when Woodbury saw more than 1,600 new units a year.
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