Issue 5 | Nov. 20, 2017
Permits Plus + A bi-monthly statistics and advocacy update for HBA of F-M members FOR YOUR CALENDAR: Nov. 28 - Lunch Session: Building Officials’ Roundtable Nov. 30 - Health, Tech & Trades Career Expo Nov. 30 - North Dakota Association of Builders’ Annual Meeting, Moorhead Dec. 19 - Ins and Outs of Scaffolding Training Jan. 23 - Lunch Session: Team Building by Jobs HQ Jan. 25 - Quickbooks Training Jan. 25 - New Year Celebration & City Night Jan. 30 - Education Summit Continuing Education for Minnesota Contractors Plumbers Power Limited Technicians Jan. 30 - Trade Showcase
Visit the calendar at hbafm.com for details or to register for events.
Published six times per year in addition to the Plains Builder, Permits Plus aims to provide a concise report on building permit numbers and a timely update on Association advocacy efforts.
Members Learn About Roadside Inspections
by Krista Mund, Executive Vice President HBA of F-M members haul stuff. It’s part of the job. It can become routine and workers sometimes become complacent. Make no mistake, pulling a trailer loaded with a skid steer, or that is full of tools, lumber or gravel, can be a hazardous undertaking. Minnesota State Patrol Commercial Vehicle Inspector Eric Sundby spoke to over 30 members in October, outlining how to comply with state law and what to expect from a roadside inspection. His main message, however, was safety and thinking about all of the lives traveling the roads each day. Mike Workman, Jordahl Custom Homes, attended the session and recommends it, “Sometimes we need to step back and see things from a different perspective to realize some of the simple steps we could be missing, like our drivers doing their own inspections.” Sundby and his counterpart in North Dakota will provide training to companies and organizations who request it. If you are interested in scheduling, contact him at (218) 396-0866 or eric.sundby@state.mn.us. Three main areas he covered are: 1. Load securement - Loads vary greatly in the homebuilding industry. It is important for workers to understand what they are securing, from worksite waste to building materials to forklifts. Know the types of accessories available to secure equipment, the specs of different equipment and proper points of attachment. 2. Driver inspections - The act of walking around a rig each morning and evening to inspect it can prevent many failures before they happen. Check the frame, tires, wheels, lugs, suspension system, etc. 3. Paperwork and what to expect - Educate drivers on the paperwork they need and any log requirements they may need to keep. Show them what a roadside inspector will look for on their vehicle: DOT number, driver licensing, documentation, etc. John Gunkelman, Dakota Construction of Fargo, Inc., attended the session and views it as a must for safety, “We may grumble, but being safe on the road affects so many people around us. It needs to be a priority and not just another hassle and hoop to jump through.” The following websites have resources for drivers and companies on inspections, load securement and more: • Federal Motor Carrier Safety Administration - fmcsa.dot.gov/regulations/ cargo-securement/ • Commercial Vehicle Safety Alliance - cvsa.org/inspections/inspections/
HBA OF F-M + 1802 32ND AVE S + FARGO ND 58103 + (701) 232-5846 + HBAFM.COM + INFO@HBAFM.COM
SEE INSERT FOR COMPLETE F-M METRO AND OUTLYING REPORTS
The HBA of F-M produces two monthly building permit reports:
1. F-M Metro covering Dilworth, Fargo, Moorhead and West Fargo, including comparisons from the last three years. 2. Outlying towns covering Barnesville and Hawley in Minnesota and Casselton, Harwood, Horace, Kindred, Mapleton and Oxbow for North Dakota. These two reports are included as inserts in the Permits Plus.
PERMIT COMPARISON F-M METRO
HOUSING STARTS
HOUSING VALUE
TOTAL PERMITS
TOTAL VALUE
To the right, you will find a permit comparison chart for the F-M Metro, and a housing comparison chart for the F-M metro and outlying towns.
Jan - Oct 2017
City
Dilworth Moorhead Fargo West Fargo Totals Dilworth Moorhead Fargo West Fargo Totals Housing Starts Multi-Family New Commercial Residential Remodel Commercial Remodel Public Miscellaneous Totals Housing Starts Multi-Family New Commercial Residential Remodel Commercial Remodel Public Miscellaneous Totals
7 112 359 308 786 $1,146,000 $21,780,405 $80,345,847 $70,195,565 $173,467,817 786 15 106 1,961 473 37 385 3,763 $173,467,817 $75,711,598 $181,465,230 $30,244,401 $85,030,901 $29,452,772 $37,893,357 $613,266,076
Jan - Oct 2016 21 159 445 433 1,058 $4,775,900 $31,755,300 $112,215,987 $97,327,760 $246,074,947 1,058 33 122 1,929 472 36 503 4,153 $246,074,947 $90,757,376 $163,524,840 $29,564,428 $171,321,888 $75,079,598 $39,055,622 $815,378,699
-14 -47 -86 -125 -272 -$3,629,900 -$9,974,895 -$31,870,140 -$27,132,195 -$72,607,130 -272 -18 -16 32 1 1 -118 -390 -$72,607,130 -$15,045,778 $17,940,390 $679,973 -$86,290,987 -$45,626,826 $1,162,265 -$1,162,265 -$202,112,623
Percentage Difference -67% -30% -19% -29% -26% -76% -31% -28% -28% -30% -26% -55% -13% 2% 0% 3% -23% -9% -30% -17% 11% 2% -50% -61% 3% -3% -25%
Difference
HOUSING COMPARISON F-M METRO AND OUTLYING COMMUNITIES
METRO HOUSING PERMITS
Single Family Twin Home Row / Town House Duplex Totals METRO Single Family HOUSING Twin Home VALUE Row / Town House Duplex Totals OUTLYING Single Family HOUSING Twin Home PERMITS Row / Town House Duplex Totals OUTLYING Single Family HOUSING Twin Home VALUE Row / Town House Duplex Totals COMBINED HOUSING STARTS COMBINED HOUSING VALUE
2
Jan - Oct 2017 651 77 58 0 786 $149,305,817 $16,322,000 $7,840,000 $0 $173,467,817 100 5 0 0 105 $37,383,600 $1,258,000 $0 $0 $38,641,600
Jan - Oct 2016 851 133 50 24 1058 $209,452,342 $23,088,933 $9,933,672 $3,600,000 $246,074,947 61 24 0 1 86 $23,940,743 $3,319,000 $0 $250,000 $27,509,743
Difference -200 -56 8 -24 -272 -$60,146,525 -$6,766,933 -$2,093,672 -$3,600,000 -$72,607,130 39 -19 0 -1 19 $13,442,857 -$2,061,000 $0 -$250,000 $11,131,857
Percentage Difference -24% -42% 16% -100% -26% -29% -29% -21% -100% -30% 64% -79% 0% -100% 22% 56% -62% 0% -100% 40%
891
1,144
-253
-22%
$212,109,417
$273,584,690
-$61,475,273
-22%
Permits Plus
SEASONALLY ADJUSTED UNEMPLOYMENT RATES SEP 2017
Minnesota
AUG 2017
SEP 2016
3.8%
4.0%
2.3%
3.1%
4.4%
4.9%
2.2%
2.5%
Source: bls.gov
3.7%*
North Dakota Source: bls.gov
2.4%*
United States Source: bls.gov
4.2%
Fargo-Moorhead Source: bls.gov
2.3%
*Preliminary
MORTGAGE RATES
Source: Wells Fargo as of Nov. 9, 2017
30-Year Fixed
4.000%
15-Year Fixed
3.375%
30-Year Fixed FHA
5.125%
5-Year ARM
3.750%
30-Year Jumbo
4.125%
INS & OUTS OF SCAFFOLDING TRAINING
SINGLE AND MULTI-FAMILY BUILDING PERMITS Aug. 2017
Aug. 2016
Minnesota
% change
Source: NAHB
15,072
14,325
5%
2,625
-17%
791,513
8%
1,527
-16%
North Dakota Source: NAHB
2,166
United States Source: NAHB
852,825
Fargo-Moorhead Source: HBA of F-M
1,285
FRAMING LUMBER PRICES Source: National Association of Home Builders
Date
COVERING FALL PROTECTION, SCAFFOLD ERECTION, MAN BASKETS, Q&A
DEC. 19
LOCAL REAL ESTATE
Source: F-M Area Association of Realtors Dilworth, Fargo, Moorhead, West Fargo | Single-Family, Condo, Townhouse, Twin Home, Duplex
Nov. 9 2017 YTD
Nov. 9 2016 YTD
% change
$234,073
$229,131
2%
$609,995,259
$601,239,412
1%
Home Prices
Closed MLS Volume
Lumber Composite Price
CME Futures
Oct. 6
$440
$412.1
429
527
-19%
Aug. 25
$405
$373.9
2,791
2,686
4%
Oct. 27 Sept. 15
$433
$450.9
Closed MLS Volume - New Construction
$421
$377.8
Closed MLS Volume - Existing Residential Units
U.S. REGULAR GASOLINE PRICES
Source: Energy Information Administration
U.S.
HBAFM.COM CLICK: EVENTS, CALENDAR
Midwest
(DOLLARS PER GALLON)
Nov. 6
Oct. 30
Oct. 23
Oct. 16
$2.645
$2.524
$2.490
$2.474
$2.673
Issue 5 | Nov. 20, 2017
$2.602
$2.594
$2.605
Oct. 9
$2.622 $2.432
3
Home Builders Association of F-M 1802 32nd Ave. S. Fargo, N.D. 58103
Total Permits
HOUSING ACTIVITY
as of 10/31/17 | F-M Metro Miscellaneous 9.5% Public 1% Commercial Remodel 13%
THROUGH OCTOBER Housing Starts 21%
Multi-Family M l i F il .5% New Commercial 3%
Total Value as of 10/31/17 | F-M Metro Public 5%
Residential Remodel 52%
Miscellaneous 6%
Commercial Remodel 14% Residential Remodel 5% New Commercial 30%
Permits Plus
Housing Starts 28%
Multi-Family 12%
4
Home Builders Association of Fargo-Moorhead F-M Metro Building Permit Report 2017 - Year-to-Date (October) 2015
DILWORTH Total Housing Starts Single Family Twin Home Row / Town House Duplex Multi-Family New Commercial Residential Remodel Commercial Remodel Public Miscellaneous Total
Permits
27 23 4 0 0 0 3 51 4 0 13 98
Units
0 0 0
2016 Value Permits
$7,303,850 $6,363,850 $940,000 $0 $0 $0 $422,000 $313,870 $605,000 $0 $41,689 $8,686,409
21 21 0 0 0 0 0 62 2 0 19 104
$39,327,899 $31,221,899 $8,106,000 $0 $0 $21,226,880 $10,160,714 $4,513,706 $8,720,157 $0 $919,375 $84,868,731
159 131 4 0 12 9 28 440 63 0 64 763
Units
2017 Value Permits
$4,775,900 $4,775,900 $0 $0 $0 $0 $0 $416,456 $1,195,778 $0 $169,800 $6,557,934
7 7 0 0 0 0 4 42 2 0 17 72
$31,755,300 $27,405,300 $750,000 0 $0 24 $3,600,000 279 $22,866,730 $32,542,240 $5,127,312 $80,146,261 $0 $485,593 $172,923,436
Units
3-Yr Avg Value
Permits
$1,146,000 $1,146,000 $0 $0 $0 $0 $4,156,413 $255,552 $79,385 $0 $32,746 $5,670,096
18 17 1 0 0 0 2 52 3 0 16 91
112 104 8 0 0 1 28 426 83 0 31 681
$21,780,405 $20,660,405 $1,120,000 0 $0 0 $0 45 $4,400,000 $57,102,137 $5,203,628 $24,054,704 $0 $365,584 $112,906,458
156 128 20 0 4 7 28 433 76 0 46 746
$112,215,987 359 $94,141,715 293 $12,480,600 26 19 $5,593,672 40 0 $0 0 786 $67,890,646 14 $82,327,180 48 $17,903,762 1097 $79,533,024 339 $38,189,056 32 $34,744,511 323 $432,804,166 2,212
$80,345,847 $70,629,847 $4,216,000 40 $5,500,000 0 $0 796 $71,311,598 $92,364,985 $18,507,221 $53,285,085 $16,424,429 $36,832,112 $369,071,277
420 322 53 46 0 21 59 1024 329 30 350 2,234
308 247 43 18 0 0 26 396 49 5 14 798
$70,195,565 $56,869,565 $10,986,000 18 $2,340,000 0 $0 0 $0 $27,841,695 $6,278,000 $7,611,727 $13,028,343 $662,915 $125,618,245
378 293 47 19 0 1 34 399 53 7 21 892
$246,074,947 786 $209,452,342 651 $23,088,933 77 50 $9,933,672 58 24 $3,600,000 0 1065 $90,757,376 15 $163,524,840 106 $29,564,428 1961 $171,321,888 473 $75,079,598 37 $39,055,622 385 $815,378,699 3,763
$173,467,817 $149,305,817 $16,322,000 58 $7,840,000 0 $0 841 $75,711,598 $181,465,230 $30,244,401 $85,030,901 $29,452,772 $37,893,357 $613,266,076
972 760 121 65 4 29 123 1908 460 37 433 3,963
0 0 0
0 0 0
Units
0 0 0
Value
$4,408,583 $4,095,250 $313,333 $0 $0 $0 $1,526,138 $328,626 $626,721 $0 $81,412 $6,971,480
MOORHEAD Total Housing Starts Single Family Twin Home Row / Town House Duplex Multi-Family New Commercial Residential Remodel Commercial Remodel Public Miscellaneous Total
196 148 48 0 0 11 28 434 81 0 43 793
0 0 254
0 8 193
$30,954,535 $26,429,201 $3,325,333 $0 $1,200,000 $16,164,537 $33,268,364 $4,948,215 $37,640,374 $0 $590,184 $123,566,208
FARGO Total Housing Starts Single Family Twin Home Row / Town House Duplex Multi-Family New Commercial Residential Remodel Commercial Remodel Public Miscellaneous Total
457 328 50 79 0 26 71 971 311 31 323 2,190
$99,979,729 445 $80,617,509 344 $8,444,890 82 79 $10,917,330 19 0 $0 0 821 $70,049,603 24 $50,040,558 57 $14,040,438 1004 $67,354,626 338 $129,204,711 28 $23,724,680 403 $454,394,345 2,299
46 0 801
$97,513,854 $81,796,357 $8,380,497 $7,337,001 $0 $69,750,616 $74,910,908 $16,817,140 $66,724,245 $61,272,732 $31,767,101 $418,756,596
WEST FARGO Total Housing Starts Single Family Twin Home Row / Town House Duplex Multi-Family New Commercial Residential Remodel Commercial Remodel Public Miscellaneous Total
392 278 52 30 0 3 38 378 40 8 33 892
$93,030,736 $76,022,736 $7,765,000 62 $9,243,000 0 $0 42 $4,759,000 $40,451,630 $6,686,428 $26,605,112 $9,795,097 $10,691,135 $192,019,138
433 355 47 8 0 0 37 423 69 8 17 987
$97,327,760 $83,129,427 $9,858,333 31 $4,340,000 0 $0 0 $0 $48,655,420 $6,116,898 $10,446,825 $36,890,542 $3,655,718 $203,093,163
37 0 14
$86,851,354 $72,007,243 $9,536,444 $5,307,667 $0 $1,586,333 $38,982,915 $6,360,442 $14,887,888 $19,904,661 $5,003,256 $173,576,849
TOTAL Total Housing Starts Single Family Twin Home Row / Town House Duplex Multi-Family New Commercial Residential Remodel Commercial Remodel Public Miscellaneous Total
11/10/2017
1,072 777 154 109 0 40 140 1834 436 39 412 3,973
$239,642,214 1,058 $194,225,994 851 $25,255,890 133 141 $20,160,330 27 0 $0 12 1117 $96,035,483 33 $101,074,902 122 $25,554,442 1929 $103,284,895 472 $138,999,808 36 $35,376,879 503 $739,968,623 4,153
No assurance is provided on this report. Permit information reported here may have changed. For the most current permit information, please contact the individual cities.
83 8 1,008
$219,728,326 $184,328,051 $21,555,608 $12,644,667 $1,200,000 $87,501,486 $148,688,324 $28,454,424 $119,879,228 $81,177,393 $37,441,953 $722,871,133
Home Builders Association of Fargo-Moorhead Outlying Communities Building Permit Report 2017 - Year-to-Date (October) 2016 BARNESVILLE, MN Total Housing Starts Single Family Twin Home Row/Town House Duplex Multi-Family New Commercial Residential Remodel Commercial Remodel Public Miscellaneous Total
2017
2016
11 11 0 0 0 0 0 44 5 0 18 78
$2,833,000 $2,833,000 $0 0 $0 0 $0 0 $0 $0 $506,376 $60,500 $0 $127,591 $3,527,467
4 4 0 0 0 0 1 56 3 0 22 86
$1,389,000 $1,389,000 $0 0 $0 0 $0 0 $0 $96,000 $417,669 $20,545 $0 $33,164 $1,956,378
HAWLEY, MN Total Housing Starts Single Family Twin Home Row/Town House Duplex Multi-Family New Commercial Residential Remodel Commercial Remodel Public Miscellaneous Total
CASSELTON, ND Total Housing Starts Single Family Twin Home Row/Town House Duplex Multi-Family New Commercial Residential Remodel Commercial Remodel Public Miscellaneous Total
2 2 0 0 0 0 3 34 2 1 3 45
$1,111,000 $1,111,000 $0 0 $0 0 $0 0 $0 $343,320 $524,115 $52,000 $1,470,600 $52,000 $3,553,035
6 6 0 0 0 0 1 19 4 3 0 33
$2,125,006 $2,125,006 $0 0 $0 0 $0 0 $0 $140,434 $300,816 $870,000 $23,369,147 $0 $26,805,403
KINDRED, ND Total Housing Starts Single Family Twin Home Row/Town House Duplex Multi-Family New Commercial Residential Remodel Commercial Remodel Public Miscellaneous Total
6 6 0 0 0 0 0 8 0 0 0 14
HARWOOD, ND Total Housing Starts Single Family Twin Home Row/Town House Duplex Multi-Family New Commercial Residential Remodel Commercial Remodel Public Miscellaneous Total
4 4 0 0 0 0 0 6 1 0 14 25
$1,389,000 $1,389,000 $0 0 $0 0 $0 0 $0 $0 $174,800 $99,000 $0 $395,600 $2,058,400
1 1 0 0 0 0 0 7 0 1 4 13
$220,000 $220,000 $0 $0 $0 $0 $0 $75,500 $0 $250,000 $207,000 $752,500
MAPLETON, ND Total Housing Starts Single Family Twin Home Row/Town House Duplex Multi-Family New Commercial Residential Remodel Commercial Remodel Public Miscellaneous Total
HORACE, ND Total Housing Starts Single Family Twin Home Row/Town House Duplex Multi-Family New Commercial Residential Remodel Commercial Remodel Public Miscellaneous Total
4 4 0 0 0 0 2 9 2 0 13 30
$1,550,000 $1,550,000 $0 0 $0 0 $0 0 $0 $209,000 $274,336 $125,000 $0 $152,671 $2,311,007
32 31 1 0 0 0 5 23 7 0 31 98
$9,966,435 $9,566,435 $400,000 0 $0 0 $0 0 $0 $1,221,000 $1,878,896 $786,841 $0 $621,116 $14,474,288
11/10/2017
Permits
Units
Value Permits
Units
0 0 0
Value
Permits
Units
6 5 0 0 1 0 1 4 0 0 15 26
2017 Value Permits
Units
Value
$1,460,000 $1,210,000 $0 $0 $250,000 $0 $615,333 $11,100 $0 $0 $96,350 $2,182,783
3 3 0 0 0 0 0 0 0 0 18 21
$1,737,000 $1,737,000 $0 $0 $0 $0 $0 $519,400 $0 $0 $0 $2,256,400
4 4 0 0 0 0 2 9 1 1 0 17
43 19 24 0 0 0 1 12 1 1 0 58
$8,157,743 $4,838,743 $3,319,000 0 $0 0 $0 0 $0 $650,000 $132,846 $30,670 $6,439,325 $0 $15,410,584
39 35 4 0 0 0 0 18 3 0 1 61
$10,259,556 $9,401,556 $858,000 0 $0 0 $0 0 $0 $0 $123,073 $5,000 $0 $68,000 $10,455,629
OXBOW, ND Total Housing Starts Single Family Twin Home Row/Town House Duplex Multi-Family New Commercial Residential Remodel Commercial Remodel Public Miscellaneous Total
10 10 0 0 0 0 1 1 0 0 0 12
$9,272,000 $9,272,000 $0 0 $0 0 $0 0 $0 $1,300,000 $18,000 $0 $0 $0 $10,590,000
16 16 0 0 0 0 0 2 0 1 0 19
$12,501,603 $12,501,603 $0 0 $0 0 $0 0 $0 $0 $744,500 $0 $1,258,000 $0 $14,504,103
TOTAL Total Housing Starts Single Family Twin Home Row/Town House Duplex Multi-Family New Commercial Residential Remodel Commercial Remodel Public Miscellaneous Total
86 61 24 0 1 0 8 118 11 2 63 288
$27,509,743 $23,940,743 $3,319,000 0 $0 1 $250,000 0 $0 $3,117,653 $2,160,973 $367,170 $7,909,925 $824,212 $41,889,676
105 100 5 0 0 0 9 134 18 6 76 348
$38,641,600 $37,383,600 $1,258,000 0 $0 0 $0 0 $0 $1,802,434 $3,630,652 $1,697,386 $25,830,247 $2,926,405 $74,528,724
No assurance is provided on this report. Permit information reported here may have changed. For the most current permit information, please contact the individual cities.
0 1 0
0 0 0
0 0 0
0 0 0
$940,000 $940,000 $0 $0 $0 $0 $0 $0 $0 $0 $1,997,125 $2,937,125
$1,240,000 $1,240,000 $0 $0 $0 $0 $345,000 $90,198 $15,000 $953,100 $0 $2,643,298