Issue 1 | Feb. 15, 2019
Permits Plus + A bi-monthly statistics and advocacy update for HBA of F-M members
FOR YOUR CALENDAR: March 4 Registration Deadline for Spring Parade of Homes Entries March 14 Chili Cook-Off March 22 Home Builders Care of F-M Foundation Fish Dinner Fundraiser March 26 Lunch Session - Want To Save Money On Interest Rates? Check this Out! April 23 - Lunch Session - Win More Deals with Your Financial Institution May 4-5, 11-12, 18-19 Spring Parade of Homes May 21 Lunch Session Medical Marijuana And Opioids In The Workplace May 29 Remodelers Council Picnic June 3-7 and 10-14 Herdina Academy for the Construction Trades
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.
While overall building permits dip, values climb in 2018 Considering all sectors of construction, building permit numbers were down about 7 percent in 2018 compared to 2017. Total permit value was up about 4 percent compared to 2017. This is according to the HBA of F-M’s year-end building permit report encompassing the F-M metro area, plus eight outlying communities. Numbers include single-family and attached housing, multi-family housing, residential remodeling, new commercial, commercial remodeling, public and miscellaneous permits. The F-M metro includes Dilworth, Fargo, Moorhead and West Fargo. Outlying communities include Barnesville and Hawley in Minnesota, and Casselton, Harwood, Horace, Kindred, Mapleton and Oxbow in North Dakota. HBA of F-M President John Gunkelman, Dakota Construction of Fargo, Inc., says, “The past two years were very similar in terms of final numbers, but we saw activity shifting within our local jurisdictions. This is common as markets adjust.”
VALUE PERCENTAGE DIFFERENCE 2018 VERSUS 2017 Housing Starts....................... 9% Multi-Family......................... 78% New Commercial................ -21% Residential Remodel.......... -17% Commercial Remodel.......... 37% Public.................................. -31% Miscellaneous...................... 12% Total Permit Value................ 4%
Specifically looking at housing in all communities, numbers remained relatively unchanged when comparing 2018 to 2017. Housing starts were down by 27 units (3 percent) but housing value was up about $660,000 (less than 1 percent).
This issue of the Permits Plus wraps up 2018! Page 2 Page 4 Page 5 Page 6
INSIDE Permit comparison chart for the F-M Metro and Outlying Towns F-M Metro Building Permit Report Outlying Communities Building Permit Report Top 5 Summary, reflecting the five leading local homebuilding companies in several categories
HBA OF F-M + 1802 32ND AVE S + FARGO ND 58103 + (701) 232-5846 + HBAFM.COM + INFO@HBAFM.COM
COMPARISON F-M METRO AND OUTLYING COMMUNITIES METRO: Dilworth, Fargo, Moorhead, West Fargo OUTLYING: Barnesville, Casselton, Harwood, Hawley, Horace, Kindred, Mapleton, Oxbow
METRO PERMITS
METRO VALUE
OUTLYING PERMITS
OUTLYING VALUE
Housing Single Family Twin Home Row / Town House Duplex
2
770 67 11 0
688 79 116 0
-35
Percentage Difference -4%
82 -12 -105 0
12% -15% -91% 0%
Difference
Multi-Family New Commercial Residential Remodel Commercial Remodel Public Miscellaneous Totals Housing
37 110 1,830 544 34 444 3,847 $198,814,312
16 125 2,149 541 42 430 4,186 $194,889,915
21 -15 -319 3 -8 14 -339 $3,924,397
131% -12% -15% 1% -19% 3% -8% 2%
Single Family Twin Home Row / Town House Duplex
$182,956,517 $13,057,800 $2,799,995 $0
$161,557,917 $16,842,000 $16,489,998 $0
$21,398,600 -$3,784,200 -$13,690,003 $0
13% -22% -83% 0%
Multi-Family New Commercial Residential Remodel Commercial Remodel Public Miscellaneous Totals Housing Single Family Twin Home Row / Town House Duplex
$135,764,578 $161,616,620 $29,127,222 $155,362,293 $60,656,005 $47,798,202 $789,139,232 129
$76,369,598 $207,275,730 $33,222,393 $112,858,074 $63,804,292 $41,771,517 $730,191,519 121
123 6 0 0
114 7 0 0
$59,394,980 -$45,659,110 -$4,095,171 $42,504,219 -$3,148,287 $6,026,685 $58,947,713
78% -22% -12% 38% -5% 14% 8%
8 9 -1 0 0
7% 8% -14% 0% 0%
Multi-Family New Commercial Residential Remodel Commercial Remodel Public Miscellaneous Totals Housing
0 13 104 13 2 128 389 $38,901,029
0 10 148 22 7 77 385 $42,165,600
0 3 -44 -9 -5 51 4 -$3,264,571
0% 30% -30% -41% -71% 66% 1% -8%
Single Family Twin Home Row / Town House Duplex
$37,779,029 $1,122,000 $0 $0
$40,527,600 $1,638,000 $0 $0
-$2,748,571 -$516,000 $0 $0
-7% -32% 0% 0%
Multi-Family New Commercial Residential Remodel Commercial Remodel Public Miscellaneous Totals COMBINED STARTS COMBINED VALUE
December 2018 December 2017 848 883
$0 $3,896,033 $2,238,115 $1,762,050 $1,255,193 $2,218,106 $50,270,526
$0 $1,972,434 $4,568,346 $1,980,886 $26,040,137 $2,930,405 $79,657,808
$0 $1,923,599 -$2,330,231 -$218,836 -$24,784,944 -$712,299 -$29,387,282
0% 98% -51% -11% -95% -24% -37%
4,236
4,571
-335
-7%
$839,409,758
$809,849,327
$29,560,431
4%
Permits Plus
Lots Available!
A Great Variety of Communities for You to Call Home
Call Tom Deacon For More Info At 701-499-3937 | tdeacon@propertyresourcesgroup.com
609 Main Avenue Moorhead, MN
Issue 1 | Feb. 15, 2019
218.233.6104
3
4
Home Builders Association of Fargo-Moorhead F-M Metro Building Permit Report 2018
2014
DILWORTH Total Housing Starts Single Family Twin Home Row / Town House Duplex Multi-Family New Commercial Residential Remodel Commercial Remodel Public Miscellaneous Total
Permits
49 24 2 1 0 1 4 44 4 0 28 130
Units
23 0 0
2015 Value Permits
Units
2016 Value Permits
$8,540,000 $5,599,000 $400,000 $2,541,000 $0 $1,600,000 $1,778,000 $504,355 $3,040,000 $0 $615,199 $16,077,554
27 23 4 0 0 0 3 56 6 0 13 105
$38,595,439 $28,026,514 $7,328,925 $3,240,000 $0 $15,859,000 $14,882,597 $6,908,674 $27,775,696 $0 $481,735 $104,503,141
199 151 48 0 0 16 30 498 92 0 48 883
$86,407,306 $75,353,306 $5,884,000 $5,170,000 $0 $148,775,000 $482,318,840 $16,000,502 $118,099,353 $117,463,205 $43,082,219 $1,012,146,425
526 374 54 98 0 27 84 1063 367 37 362 2,466
$114,137,979 476 $90,930,759 369 $9,154,890 82 98 $14,052,330 25 0 $0 0 902 $76,040,603 28 $60,723,155 62 $15,409,343 1122 $76,695,244 390 $131,698,511 31 $25,994,611 434 $500,699,446 2,543
$113,009,637 $84,688,637 $14,205,000 $14,116,000 $0 $33,185,203 $63,604,971 $5,133,699 $7,785,536 $16,387,951 $3,268,723 $242,375,720
424 307 54 31 0 3 39 407 50 8 36 967
$101,576,236 445 $84,068,236 367 $8,105,000 47 63 $9,403,000 8 0 $0 0 42 $4,759,000 0 $40,516,630 41 $7,169,890 466 $29,537,812 79 $9,795,097 8 $10,946,315 19 $204,300,980 1,058
$246,552,382 1,176 $193,667,457 855 $27,817,925 160 $25,067,000 129 $0 0 $199,419,203 46 $562,584,408 156 $28,547,230 2024 $156,700,585 515 $133,851,156 45 $47,447,876 459 $1,375,102,840 4,421
$263,072,964 1,111 $213,311,744 898 $26,305,890 133 161 $23,455,330 33 0 $0 12 1252 $105,696,483 40 $112,128,499 134 $27,955,407 2139 $116,586,501 543 $141,493,608 39 $38,005,990 544 $804,939,452 4,550
0 0 0
$7,303,850 $6,363,850 $940,000 $0 $0 $0 $422,000 $359,896 $912,500 $0 $41,689 $9,039,935
21 21 0 0 0 0 0 63 2 0 19 105
$40,054,899 $31,948,899 $8,106,000 $0 $0 $24,896,880 $10,466,714 $5,016,278 $9,440,945 $0 $1,023,375 $90,899,091
169 141 4 0 12 12 31 488 72 0 72 844
Units
0 0 0
2017 Value Permits
$4,775,900 $4,775,900 $0 $0 $0 $0 $0 $418,361 $1,195,778 $0 $169,800 $6,559,839
7 7 0 0 0 0 5 43 2 0 17 74
$33,745,300 $29,395,300 $750,000 $0 $3,600,000 $25,866,730 $33,067,240 $5,828,185 $80,945,338 $0 $510,093 $179,962,886
118 110 8 0 0 1 31 465 93 0 37 745
Units
0 0 0
2018 Value Permits
$1,146,000 $1,146,000 $0 $0 $0 $0 $5,156,413 $257,352 $79,385 $0 $32,746 $6,671,896
15 15 0 0 0 0 2 30 5 0 18 70
$23,085,405 $21,965,405 $1,120,000 $0 $0 $4,400,000 $58,682,137 $5,640,762 $26,624,235 $0 $400,584 $118,833,123
135 122 13 0 0 7 16 446 90 0 54 748
Units
5-Yr Avg Value
Permits
Units
Value
$4,246,000 $4,246,000 $0 $0 $0 $0 $2,900,000 $319,359 $505,315 $0 $527,000 $8,497,674
24 18 1 0 0 0 3 47 4 0 19 97
$27,385,287 $25,040,287 $2,345,000 $0 $0 $19,250,000 $9,151,660 $4,692,161 $31,672,616 $0 $379,997 $92,531,721
166 132 24 1 2 8 26 470 88 0 58 816
$81,838,949 $73,167,154 $5,871,800 $2,799,995 $0 $92,097,293 $119,031,408 $18,663,231 $109,059,319 $50,519,819 $43,934,865 $515,144,884
427 330 44 53 0 28 70 1082 387 38 378 2,410
$100,681,781 $84,559,924 $7,625,458 53 $8,496,399 0 $0 1066 $92,436,228 $172,850,702 $18,089,835 $95,864,334 $81,636,678 $38,368,731 $599,928,289
$85,344,076 $80,503,076 $4,841,000 $0 $0 $24,417,285 $30,533,552 $5,452,471 $14,125,043 $10,136,186 $2,956,340 $172,964,953
425 321 56 21 0 4 36 394 59 7 44 968
$94,628,817 $78,989,951 $9,599,067 $6,039,800 $0 $12,472,298 $42,788,280 $6,351,577 $14,259,634 $17,247,624 $4,327,602 $192,075,831
$198,814,312 $182,956,517 $13,057,800 11 $2,799,995 0 $0 1238 $135,764,578 $161,616,620 $29,127,222 $155,362,293 $60,656,005 $47,798,202 $789,139,232
1042 802 125 76 2 41 134 1993 537 45 499 4,290
0 0 0
5 0 0
$5,202,350 $4,426,150 $268,000 $508,200 $0 $320,000 $2,051,283 $371,865 $1,146,596 $0 $277,287 $9,369,380
MOORHEAD Total Housing Starts Single Family Twin Home Row / Town House Duplex Multi-Family New Commercial Residential Remodel Commercial Remodel Public Miscellaneous Total
209 137 48 6 0 6 22 451 93 0 78 859
24 0 135
0 0 308
0 24 318
0 0 45
0 0 185
5 5 198
$32,573,266 $27,275,281 $3,929,985 $648,000 $720,000 $18,054,522 $25,250,070 $5,617,212 $35,291,766 $0 $559,157 $117,345,992
FARGO Total Housing Starts Single Family Twin Home Row / Town House Duplex Multi-Family New Commercial Residential Remodel Commercial Remodel Public Miscellaneous Total
377 312 30 35 0 44 77 1017 389 59 427 2,390
35 0 1897
$122,155,124 444 $103,364,854 318 $12,480,600 28 25 $6,309,670 98 0 $0 0 818 $73,298,646 15 $86,914,623 62 $20,103,577 1205 $97,140,526 391 $57,725,906 37 $38,164,689 361 $495,503,091 2,515
98 0 801
$98,869,545 313 $79,983,547 278 $4,736,000 24 $14,149,998 11 $0 0 $71,969,598 26 $115,265,485 63 $20,272,524 1003 $78,327,227 397 $50,775,949 26 $40,667,272 307 $476,147,600 2,135
11 0 914
WEST FARGO Total Housing Starts Single Family Twin Home Row / Town House Duplex Multi-Family New Commercial Residential Remodel Commercial Remodel Public Miscellaneous Total
555 324 108 47 0 14 44 311 57 5 83 1,069
123 0 441
$101,425,173 $87,226,840 $9,858,333 31 $4,340,000 0 $0 0 $0 $51,114,550 $6,950,068 $12,022,550 $36,890,542 $3,795,718 $212,198,601
314 253 43 18 0 0 27 436 55 5 15 852
18 0 0
$71,788,965 $58,462,965 $10,986,000 $2,340,000 $0 $0 $28,171,695 $7,051,755 $7,827,227 $13,028,343 $670,915 $128,538,900
385 355 30 0 0 4 29 351 52 8 65 894
0 0 139
47 0 124
Permits Plus
TOTAL Total Housing Starts Single Family Twin Home Row / Town House Duplex Multi-Family New Commercial Residential Remodel Commercial Remodel Public Miscellaneous Total
1,190 797 188 89 0 65 147 1823 543 64 616 4,448
205 0 2473
$262,101,497 883 $224,762,894 688 $23,088,933 79 56 $10,649,670 116 24 $3,600,000 0 1136 $99,165,376 16 $171,096,413 125 $33,300,191 2149 $191,304,192 541 $94,616,448 42 $42,640,300 430 $894,224,417 4,186
$194,889,915 848 $161,557,917 770 $16,842,000 67 116 $16,489,998 11 0 $0 0 846 $76,369,598 37 $207,275,730 110 $33,222,393 1830 $112,858,074 544 $63,804,292 34 $41,771,517 444 $730,191,519 3,847
$233,086,214 $195,251,306 $21,422,510 110 $15,692,399 5 $720,000 1389 $123,283,048 $242,940,334 $30,430,489 $146,562,329 $98,884,302 $43,532,777 $918,719,492
Issue 1 | Feb. 15, 2019
Home Builders Association of Fargo-Moorhead Outlying Communities Building Permit Report 2018
2016 BARNESVILLE, MN Total Housing Starts Single Family
Permits
Units
17
2017 Value Permits $3,891,000
12
$3,091,000
Units
4 4
2018 Value Permits $1,389,000
11
$1,389,000
11
Units
3-Yr Avg Value
Permits
$1,810,757
11
$1,810,757
Units
9
2016 Value
HORACE, ND
Permits
$2,363,586
Total Housing Starts
8
$2,096,919
Twin Home
0
$0
0
$0
0
$0
0
Row/Town House
1
5
$800,000
0
0
$0
0
0
$0
0
2
$266,667
Duplex
0
0
$0
0
0
$0
0
0
$0
0
0
$0
Multi-Family
0
0
$0
0
0
$0
0
0
0
New Commercial
0
$0
1
$96,000
3
Residential Remodel
51
$603,176
59
$450,263
Commercial Remodel
5
$60,500
3
$20,545
Public
0
$0
0
$0
42 115
$128,311 $4,682,987
23 90
2
$1,111,000
Single Family
2
Twin Home
0
Row/Town House
0
Miscellaneous Total
$0
$0
8
2017 Value Permits $3,516,000
43
$3,516,000
42
Units
2018 Value Permits $12,440,435
50
$12,040,435
50
Units
3-Yr Avg Value
Permits
$13,773,125
34
$13,773,125
33
Units
Value $9,909,853 $9,776,520
Twin Home
0
$0
1
$400,000
0
$0
0
Row/Town House
0
0
$0
0
0
$0
0
0
$0
0
0
$133,333 $0
Duplex
0
0
$0
0
0
$0
0
0
$0
0
0
$0
0
0
0
0
$0
0
Multi-Family
0
$0
0
$0
0
$0
0
$253,108
1
$116,369
New Commercial
4
$284,000
6
$1,391,000
3
$900,000
4
$858,333
32
$568,945
47
$540,795
Residential Remodel
18
$512,219
28
$2,693,896
8
$304,000
18
$1,170,038
2
$1,062,000
3
$381,015
Commercial Remodel
2
$125,000
9
$891,841
2
$35,000
4
$350,614
2
$1,255,193
1
$418,398
Public
0
$0
0
$0
0
$0
0
$0
$37,164 $1,992,972
72 122
$723,574 $5,673,577
46 109
$296,350 $4,116,512
Miscellaneous Total
16 48
$222,326 $4,659,545
31 117
$621,116 $18,038,288
31 94
$913,257 $15,925,382
26 86
$585,566 $12,874,405
6
$2,125,006
7
$2,643,000
5
$1,959,669
Total Housing Starts
7
$2,176,319
$1,111,000
6
$2,125,006
5
$2,273,000
4
$1,836,335
$0
0
$0
2
$370,000
1
$123,333
$0
0
$0
0
$0
0
CASSELTON, ND Total Housing Starts
Single Family
Units
$0
KINDRED, ND
0
0
0
0
$0
7
$1,817,000
5
$1,500,000
10
$3,211,956
Single Family
7
$1,817,000
5
$1,500,000
10
$3,211,956
7
Twin Home
0
$0
0
$0
0
$0
0
Row/Town House
0
$0
0
$0
0
$0
0
0
0
0
$2,176,319 $0 0
$0
Duplex
0
0
$0
0
0
$0
0
0
$0
0
0
$0
Duplex
0
0
$0
0
0
$0
0
0
$0
0
0
$0
Multi-Family
0
0
$0
0
0
$0
0
0
$0
0
0
$0
Multi-Family
0
0
$0
0
0
$0
0
0
$0
0
0
$0
New Commercial
4
$1,563,320
1
$140,434
3
$1,712,925
3
0
$0
$345,000
0
$0
1
$115,000
Residential Remodel
34
$524,115
20
$380,816
16
$414,600
23
$439,844
Residential Remodel
8
$519,400
9
$90,198
11
$144,049
9
$251,216
Commercial Remodel
5
$65,500
5
$1,045,000
4
$385,300
5
$498,600
Commercial Remodel
0
$0
2
$18,500
1
$32,750
1
$17,083
Public
1
$1,470,600
4
$23,579,037
0
$0
2
$8,349,879
Public
0
$0
1
$953,100
0
$0
0
$317,700
3 49
$52,000 $4,786,535
0 36
$0 $27,270,293
0 30
$0 $5,155,825
1 38
$17,333 $12,404,218
0 15
$0 $2,336,400
0 19
$0 $2,906,798
1 23
$3,000 $3,391,755
0 19
$1,000 $2,878,318
4
$1,389,000
1
$220,000
6
$1,604,000
4
$1,071,000
$8,736,411
4
$1,389,000
1
$220,000
6
$1,604,000
4
$1,071,000
Miscellaneous Total
$1,138,893
HARWOOD, ND Total Housing Starts Single Family
New Commercial
Miscellaneous Total
2
MAPLETON, ND Total Housing Starts
43
$8,157,743
42
$10,964,556
26
$7,086,934
37
Single Family
19
$4,838,743
36
$9,726,556
22
$6,334,934
26
24
$6,966,744
Twin Home
0
$0
0
$0
0
$0
0
$0
Twin Home
$3,319,000
6
$1,238,000
4
$752,000
11
Row/Town House
0
0
$0
0
0
$0
0
0
$0
0
0
$0
Row/Town House
0
0
$0
0
0
$0
0
0
$0
0
0
$0
Duplex
0
0
$0
0
0
$0
0
0
$0
0
0
$0
Duplex
0
0
$0
0
0
$0
0
0
$0
0
0
$0
Multi-Family
0
0
$0
0
0
0
0
0
0
0
0
New Commercial
0
$0
0
$0
0
$0
0
$0
Multi-Family
0
$0
0
$0
0
$0
New Commercial
1
$0
0
$0
0
$0
0
$650,000
0
$0
2
$680,000
1
$144,786
20
$1,769,667
$0 $443,333
Residential Remodel
6
$174,800
7
$75,500
10
$108,500
8
$119,600
Residential Remodel
13
23
$133,173
25
$634,020
Commercial Remodel
1
$99,000
0
$0
0
$0
0
$33,000
Commercial Remodel
1
$30,670
3
$5,000
2
$115,000
2
$50,223
Public
0
$0
1
$250,000
0
$0
0
$83,333
Public
1
$6,439,325
0
$0
0
$0
0
$2,146,442
14 25
$395,600 $2,058,400
4 13
$207,000 $752,500
2 18
$30,000 $1,742,500
7 19
$210,867 $1,517,800
Miscellaneous Total
0 59
$0 $15,422,524
1 69
$68,000 $11,170,729
3 58
$304,000 $8,819,954
1 62
$124,000 $11,804,402
6
$1,460,000
4
$1,025,000
6
$1,547,900
5
$1,344,300
Total Housing Starts
10
$9,272,000
16
$12,501,603
13
$7,223,357
13
$9,665,653
5
$1,210,000
4
$1,025,000
6
$1,547,900
5
$1,260,967
10
$9,272,000
16
$12,501,603
13
$7,223,357
13
Miscellaneous Total HAWLEY, MN Total Housing Starts Single Family
$303,993
OXBOW, ND Single Family
$9,665,653
Twin Home
0
$0
0
$0
0
$0
0
$0
Twin Home
0
$0
0
$0
0
$0
0
Row/Town House
0
0
$0
0
0
$0
0
0
$0
0
0
$0
Row/Town House
0
0
$0
0
0
$0
0
0
$0
0
0
$0
Duplex
1
1
$250,000
0
0
$0
0
0
$0
0
0
$83,333
Duplex
0
0
$0
0
0
$0
0
0
$0
0
0
$0
Multi-Family
0
0
$0
0
0
$0
0
0
$0
0
0
Multi-Family
0
0
$0
0
0
$0
0
0
$0
0
0
New Commercial
1
$615,333
0
$0
0
$0
0
New Commercial
1
$1,300,000
0
$0
2
$350,000
1
1
$60,001
$0 $205,111
$0 $550,000
Residential Remodel
4
$11,100
0
$0
1
$4,000
2
$5,033
Residential Remodel
1
$18,000
2
Commercial Remodel
0
$0
0
$0
2
$132,000
1
$44,000
Commercial Remodel
0
$0
0
$0
0
$0
0
$0
Public
0
$0
0
$0
0
$0
0
$0
Public
0
$0
1
$1,258,000
0
$0
0
$419,333
17 28
$102,350 $2,188,783
18 22
$1,997,125 $3,022,125
19 28
$244,275 $1,928,175
18 26
$781,250 $2,379,694
0 12
$0 $10,590,000
0 19
$0 $14,504,103
0 16
$0 $7,633,358
0 16
$0 $10,909,154 $37,226,791
Miscellaneous Total
Miscellaneous Total
$744,500
$0
1
$274,167
TOTAL Total Housing Starts
5
No assurance is provided on these reports. Permit information reported here may have changed. For the most current permit information, please contact the individual cities.
97
$30,613,743
121
$42,165,600
129
$38,901,029
116
Single Family
67
$26,244,743
114
$40,527,600
123
$37,779,029
101
Twin Home
24
$34,850,457
$3,319,000
7
$1,638,000
6
$1,122,000
12
Row/Town House
1
5
$800,000
0
0
$0
0
0
$0
0
2
$266,667
Duplex
1
1
$250,000
0
0
$0
0
0
$0
0
0
$83,333
Multi-Family
0
0
$0
0
0
$0
0
0
$0
0
0
11
$4,412,653
10
$1,972,434
13
$3,896,033
11
Residential Remodel
135
$2,507,596
148
$4,568,346
104
$2,238,115
129
Commercial Remodel
14
$380,670
22
$1,980,886
13
$1,762,050
16
$1,374,535
2
$7,909,925
7
$26,040,137
2
$1,255,193
4
$11,735,085
92 351
$900,587 $46,725,174
77 385
$2,930,405 $79,657,808
128 389
$2,218,106 $50,270,526
99 375
$2,016,366 $58,884,503
New Commercial
Public Miscellaneous Total
$2,026,333
$0 $3,427,040 $3,104,686
6
2018 Home Builders Association of Fargo-Moorhead Top 5 Summary 2017 Top 5 Single Family Builders - Units Units Value HBA Member 1 Jordahl Custom Homes, Inc. 225 $ 44,820,504 x 2 Thomsen Homes, LLC 106 $ 20,514,046 x 3 Dabbert Custom Homes, LLC 49 $ 10,459,500 x 4 Adams Development 37 $ 5,479,500 x 5 ISR Homes 22 $ 4,155,000 x ** Note: 13 homes valued at $4,078,000 were built by owner (not contractor). Top 5 Single Family Builders - Value 1 Jordahl Custom Homes, Inc. 225 $ 44,820,504 x 2 Thomsen Homes, LLC 106 $ 20,514,046 x 3 Dabbert Custom Homes, LLC 49 $ 10,459,500 x 4 Titan Homes, Inc. 13 $ 5,956,000 x 5 Heritage Homes 19 $ 5,869,200 x
2018 Top 5 Single Family Builders - Units Units Value HBA Member 1 Jordahl Custom Homes, Inc. 193 41,000,250 x 2 Thomsen Homes, LLC 162 30,250,800 x 3 Brookstone Property, LLC 70 11,596,080 x 4 Dabbert Custom Homes, LLC 28 6,360,100 x 5 ISR Homes 22 4,005,000 x ** Note: 16 homes valued at $4,604,000 were built by owner (not contractor) Top 5 Single Family Builders - Value 1 Jordahl Custom Homes, Inc. 193 $ 41,000,250 x 2 Thomsen Homes, LLC 162 $ 30,250,800 x 3 Brookstone Property, LLC 70 $ 11,596,080 x 4 Heritage Homes 20 $ 6,384,000 x 5 Dabbert Custom Homes, LLC 28 $ 6,360,100 x
Top 5 HBA of FM Member Builders - Units (Single Family, Twin Home, Row House) 1 Jordahl Custom Homes, Inc. 340 $ 61,343,504 x 2 Thomsen Homes, LLC 106 $ 20,514,046 x 3 Dabbert Custom Homes, LLC 67 $ 12,799,500 x 4 Adams Development 37 $ 5,479,500 x 5 J & L Construction 32 $ 4,121,000 x
Top 5 HBA of FM Member Builders - Units (Single Family, Twin Home, Row House) 1 Jordahl Custom Homes , Inc. 193 $ 41,000,250 x 2 Thomsen Homes, LLC 162 $ 30,250,800 x 3 Brookstone Property, LLC 70 $ 11,596,080 x 4 Dabbert Custom Homes, LLC 46 $ 9,000,900 x 5 J & L Construction 33 $ 4,504,600 x
Top 5 HBA of FM Member Builders - Value (Single Family, Twin Home, Row House) 1 Jordahl Custom Homes, Inc. 340 $ 61,343,504 x 2 Thomsen Homes, LLC 106 $ 20,514,046 x 3 Dabbert Custom Homes, LLC 67 $ 12,799,500 x 4 Titan Homes, Inc. 13 $ 5,956,000 x 5 Heritage Homes 19 $ 5,869,200 x
Top 5 HBA of FM Member Builders - Value (Single Family, Twin Home, Row House) 1 Jordahl Custom Homes, Inc. 193 $ 41,000,250 x 2 Thomsen Homes, LLC 162 $ 30,250,800 x 3 Brookstone Property, LLC 70 $ 11,596,080 x 4 Dabbert Custom Homes, LLC 46 $ 9,000,900 x 5 Heritage Homes 20 $ 6,384,000 x
Top 5 Multifamily Builders - Units 1 Enclave Development 2 Bakken Contracting Co, LLC 3 MBA Development Company 4 Meridian Commercial Construction, LLC 5 Kilbourne Construction Management, LLC
Top 5 Multifamily Builders - Units 1 Enclave Development 2 MBA Development Company 3 Dietrich Construction, LLC 4 Eagle Ridge Partners 5 Roers Construction Company, LLC
216 194 141 132 72
$ 14,604,000 $ 24,405,000 $ 8,850,000 $ 10,220,400 $ 8,591,198
Permits Plus
Largest Non-Member Builders (Single Family, Twin Home, Row House) - Units 1 Barrier Homes, Inc. 4 $ 780,000 2 Valint Construction Services, LLC 4 $ 740,000 3 Venture Building Co. 1 $ 450,000 4 Just Construction, Inc. 1 $ 366,000 5 R V Construction 1 $ 350,000
x
x
188 161 122 118 118
$ $ $ $ $
17,624,000 12,900,000 10,447,291 12,800,000 9,897,742
x x x x
Largest Non-Member Builders (Single Family, Twin Home, Row House) - Units 1 Hohenstein Homes, LLC 8 $ 2,038,000 2 Jackson Homes, LLC 4 $ 778,000 3 Dennis Carlson Construction, LLC 3 $ 675,000 4 JMW Construction, LLC 3 $ 481,900 5 Fargo Public Schools 3 $ 258,000
No assurance is provided on this report. Permit information reported here may have changed. For the most current permit information, please contact the Home Builders Association of Fargo-Moorhead.
SEASONALLY ADJUSTED UNEMPLOYMENT RATES December 2018
Minnesota
November 2018
December 2017
2.8%
3.3%
North Dakota
Source: F-M Area Association of Realtors Dilworth, Fargo, Moorhead, West Fargo | Single-Family, Condo, Townhouse, Twin Home, Duplex
Dec. 31, 2018 YTD
Dec. 31, 2017 YTD
% change
$237,437
$235,779
0.7%
$709,224,391
$718,653,087
-1.3%
448
469
-4.5%
2,539
2,579
-1.6%
Home Prices
Source: bls.gov
2.8%*
LOCAL REAL ESTATE
Closed MLS Volume
Source: bls.gov
2.7%*
United States
2.8%
2.6%
3.7%
4.1%
Closed MLS Volume - New Construction
Source: bls.gov
3.9%
Fargo-Moorhead
Closed MLS Volume - Existing Residential Units
Source: bls.gov
2.3%
2.4%
2.5%
FRAMING LUMBER PRICES Source: National Association of Home Builders
*Preliminary
Date
MORTGAGE RATES - APR Source: Wells Fargo as of Feb. 14, 2019
30-Year Fixed
4.459%
15-Year Fixed
3.931%
30-Year Fixed VA
30-Year Jumbo
4.150%
November 2018 Minnesota
November 2017
% change
21,672
17%
North Dakota United States Fargo-Moorhead
Jan. 4
$329
$323.50
Jan. 18
$330
$359.40
Feb. 1
$354
3,351
-4%
1,170,232
4%
$327
$328.50
$336
$381.50 $416.20
$370
$418.10
1,875
Nov. 2018
Dec. 2018
Jan. 2019
60
56
58
National Midwest
20%
Source: Energy Information Administration
Midwest
$331.50
HMI is based on a monthly survey of NAHB members designed to take the pulse of the single-family housing market. Respondents rate market conditions for the sale of new homes at the present time and in the next six months as well as the traffic of prospective buyers of new homes. Range is 0-100.
U.S. REGULAR GASOLINE PRICES
U.S.
$332
Feb. 8
Source: NAHB
2,242
$335.00
Source: National Association of Home Builders
Source: NAHB
1,222,135
$332
$323.20
NATIONAL HOUSING MARKET INDEX
Source: NAHB
3,211
Dec. 21
$335
Jan. 25
Source: NAHB
25,462
$320.20
Jan. 11
SINGLE AND MULTI-FAMILY BUILDING PERMITS
CME Futures
$340
Dec. 28
4.789%
Composite Price
Dec. 7
Dec. 14
4.463%
5-Year ARM
Lumber
54
Jan. 14
Jan. 21
Jan. 28
$1.992
$2.039
$2.021
$2.045
$2.143
$2.147
FISH DINNER FUNDRAISER March 22
52
49
(DOLLARS PER GALLON)
Jan. 7
$2.128
preliminary
$2.162
Feb. 4
$2.162
$2.064
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Issue 1 | Feb. 15, 2019
7
Home Builders Association of F-M 1802 32nd Ave. S. Fargo, N.D. 58103
HOUSING PERMITS PULLED F-M METRO 218
138 122
119
131
124 111
104
102
136
90 86 72
68
56
24
3 1
8 4
January
February
9 5
March
April
May
June
July
Housing Permits Pulled 2017
2018
August
September
November
December