Issue 1 | February 24, 2020
Permits Plus + A bi-monthly statistics and advocacy update for HBA of F-M members
FOR YOUR CALENDAR: Feb. 28-March 1 Red River Valley Home & Garden Show March 9 Spring Parade of Homes’ Early Registration Deadline March 10, 17, 24 NAHB Webinar: Construction Contracts and Law (see back page for details) March 23 Spring Parade of Homes Regular Registration Deadline March 24 Fall Protection For Residential Construction (FREE to members) March 25 NAHB Webinar; Leading the Charge Even If You Think You Look Funny on a Horse April 3 Framing The Future May 2-3, 9-10, 16-17 Spring Parade of Homes June 10 Parade Picnic
Visit the calendar at hbafm.com or www.nahb.org for details and to register.
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.
Overall Building Permits Dipped In 2019, But Activity In Attached Housing Surged
Considering all sectors of construction, building permit numbers were down about 8 percent in 2019 compared to 2018. Total permit value was down about 14 percent compared to 2018. This is according to the Home Builders Association of Fargo-Moorhead’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 Darrick Guthmiller, Kochmann Brothers Homes, Inc., says, “Fluctuations in construction activity are common as markets adjust. There are a lot of factors including weather, demand and cost to build. Speaking specifically about housing, a bright spot was in row house and town house construction which more than quadrupled over last year. Twin home construction also saw a surge, increasing 10 percent over 2018.” Specifically looking at housing in all communities, starts were down by 82 units (8 percent) and value was down about $20,800 (9 percent). Each quarter, the HBA contracts with Brady Martz & Associates, P.C., to compile the building permits into a uniform report for the industry’s and media’s use. It includes summaries for each city, types of construction, valuations and comparisons. There are two building permit reports 1. F-M Metro covering Dilworth, Fargo, Moorhead and West Fargo, including comparisons from the last five years 2. Outlying towns covering Barnesville and Hawley in Minnesota and Casselton, Harwood, Horace, Kindred, Mapleton and Oxbow for North Dakota. This report was initiated in 2016, so five years of data is not available.
2019 Permit Data Detail Available To Members Only
• $35 - Year-end summary (new residential and commercial) Builders by number of permits and permit value for Dilworth, Fargo, Moorhead and West Fargo. It includes all builders who pulled new construction permits, the number they pulled and total value. Includes worksheets for single-family, row house, twin home, multi-family and new commercial. • $50 - Housing and new commercial by permit price Access new housing and commercial activity broken out by permit prices and types of construction in each community we track. • $75 - Both reports Contact Tahra Doll at (701) 232-5846 or tahra@hbafm.com.
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
COMBINED STARTS COMBINED VALUE
2
Housing Single Family Twin Home Row / Town House Duplex
December 2018 December 2019 848 768 770 67 11 0
632 82 54 0
-80
Percentage Difference -9%
-138 15 43 0
-18% 22% 391% N/A
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
8 106 1,669 593 54 277 3,475 $180,054,703
-29 -4 -161 49 20 -167 -372 -$18,759,609
Single Family Twin Home Row / Town House Duplex
$182,956,517 $13,057,800 $2,799,995 $0
$154,157,017 $14,612,000 $11,285,686 $0
-$28,799,500 $1,554,200 $8,485,691 $0
-16% 12% 303% N/A
-2 -2 0 0 0
-2% -2% 0% N/A N/A
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 $29,109,222 $155,362,293 $60,656,005 $47,798,202 $789,121,232 129
$78,971,480 $161,535,689 $24,569,936 $141,123,120 $29,638,116 $19,124,782 $635,017,826 127
123 6 0 0
121 6 0 0
-$56,793,098 -$80,931 -$4,539,286 -$14,239,173 -$31,017,889 -$28,673,420 -$154,103,406
-78% -4% -9% 9% 59% -38% -10% -9%
-42% 0% -16% -9% -51% -60% -20%
Multi-Family New Commercial Residential Remodel Commercial Remodel Public Miscellaneous Totals Housing
0 13 104 13 2 128 389 $38,901,029
0 9 140 14 11 103 404 $36,869,355
0 -4 36 1 9 -25 15 -$2,031,674
N/A -31% 35% 8% 450% -20% 4% -5%
Single Family Twin Home Row / Town House Duplex
$37,779,029 $1,122,000 $0 $0
$35,889,355 $980,000 $0 $0
-$1,889,674 -$142,000 $0 $0
-5% -13% N/A N/A
Multi-Family New Commercial Residential Remodel Commercial Remodel Public Miscellaneous Totals
$0 $3,896,033 $2,238,115 $1,762,050 $1,255,193 $2,218,106 $50,270,526
$0 $2,922,200 $4,332,028 $4,327,490 $32,069,743 $4,481,907 $85,002,723
$0 -$973,833 $2,093,913 $2,565,440 $30,814,550 $2,263,801 $34,732,197
N/A -25% 94% 146% 2455% 102% 69%
4,236
3,879
-357
-8%
$839,391,758
$720,020,549
-$119,371,209
-14%
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OPIOID CRISIS RESOURCES WWW.NAHB.ORG/OPIOIDS FREE Issue 1 | Feb. 24, 2020
218.233.6104
FIRST 3 WEEKENDS IN MAY 3
4
Permits Plus
199 151 48 0 0 16 30 498 92 0 48 883 526 374 54 98 0 27 84 1063 367 37 362 2,466 424 307 54 31 0 3 39 407 50 8 36 967 1,176 855 160 129 0 46 156 2024 515 45 459 4,421
Total Housing Starts Single Family Twin Home Row / Town House Duplex Multi-Family New Commercial Residential Remodel Commercial Remodel Public Miscellaneous Total
Total Housing Starts Single Family Twin Home Row / Town House Duplex Multi-Family New Commercial Residential Remodel Commercial Remodel Public Miscellaneous Total
Total Housing Starts Single Family Twin Home Row / Town House Duplex Multi-Family New Commercial Residential Remodel Commercial Remodel Public Miscellaneous Total
Total Housing Starts Single Family Twin Home Row / Town House Duplex Multi-Family New Commercial Residential Remodel Commercial Remodel Public Miscellaneous Total
TOTAL
WEST FARGO
FARGO
MOORHEAD
27 23 4 0 0 0 3 56 6 0 13 105
Permits
Total Housing Starts Single Family Twin Home Row / Town House Duplex Multi-Family New Commercial Residential Remodel Commercial Remodel Public Miscellaneous Total
DILWORTH
169 141 4 0 12 12 31 488 72 0 72 844
21 21 0 0 0 0 0 63 2 0 19 105
$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
$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
$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
0 0 308
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
Value Permits
$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
2015 Units
2016 $4,775,900 $4,775,900 $0 $0 $0 $0 $0 $418,361 $1,195,778 $0 $169,800 $6,559,839
314 253 43 18 0 0 27 436 55 5 15 852
$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
$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
$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
118 110 8 0 0 1 31 465 93 0 37 745
7 7 0 0 0 0 5 43 2 0 17 74
Value Permits
$33,745,300 $29,395,300 $750,000 0 $0 24 $3,600,000 318 $25,866,730 $33,067,240 $5,828,185 $80,945,338 $0 $510,093 $179,962,886
0 0 0
Units
$1,146,000 $1,146,000 $0 $0 $0 $0 $5,156,413 $257,352 $79,385 $0 $32,746 $6,671,896
385 355 30 0 0 4 29 351 52 8 65 894 $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
$71,788,965 $58,462,965 $10,986,000 18 $2,340,000 0 $0 0 $0 $28,171,695 $7,051,755 $7,827,227 $13,028,343 $670,915 $128,538,900
$98,869,545 313 $79,983,547 278 $4,736,000 24 98 $14,149,998 11 0 $0 0 801 $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
135 122 13 0 0 7 16 446 90 0 54 748
15 15 0 0 0 0 2 30 5 0 18 70
Value Permits
$23,085,405 $21,965,405 $1,120,000 0 $0 0 $0 45 $4,400,000 $58,682,137 $5,640,762 $26,624,235 $0 $400,584 $118,833,123
0 0 0
Units
2017
$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
$4,246,000 $4,246,000 $0 $0 $0 $0 $2,900,000 $301,359 $505,315 $0 $527,000 $8,479,674 125 117 8 0 0 3 20 464 96 0 49 757
19 19 0 0 0 0 2 31 4 0 21 77
Value Permits
312 228 70 14 0 3 28 317 68 12 71 811 $198,814,312 768 $182,956,517 632 $13,057,800 82 11 $2,799,995 54 0 $0 0 1238 $135,764,578 8 $161,616,620 106 $29,109,222 1669 $155,362,293 593 $60,656,005 54 $47,798,202 277 $789,121,232 3,475
$85,344,076 $80,503,076 $4,841,000 0 $0 0 $0 139 $24,417,285 $30,533,552 $5,452,471 $14,125,043 $10,136,186 $2,956,340 $172,964,953
$81,838,949 312 $73,167,154 268 $5,871,800 4 11 $2,799,995 40 0 $0 0 914 $92,097,293 2 $119,031,408 56 $18,663,231 857 $109,059,319 425 $50,519,819 42 $43,934,865 136 $515,144,884 1,830
0 0 185
0 0 0
Units
2018
F-M Metro Building Permit Report 2019
Home Builders Association of Fargo-Moorhead
$180,054,703 $154,157,017 $14,612,000 54 $11,285,686 0 $0 571 $78,971,480 $161,535,689 $24,569,936 $141,123,120 $29,638,116 $19,124,782 $635,017,826
$74,719,705 $58,893,705 $12,606,000 14 $3,220,000 0 $0 318 $48,489,657 $32,527,950 $4,424,459 $16,756,385 $2,880,990 $9,307,008 $189,106,154
$76,979,647 $68,393,961 $520,000 40 $8,065,686 0 $0 172 $19,400,000 $116,258,978 $14,966,215 $98,295,291 $26,757,126 $9,335,232 $361,992,489
0 0 81
0 0 0
$4,450,502 $4,450,502 $0 $0 $0 $0 $1,055,000 $258,429 $51,386 $0 $164,298 $5,979,615
Value
$23,904,849 $22,418,849 $1,486,000 $0 $0 $11,081,823 $11,693,761 $4,920,833 $26,020,058 $0 $318,244 $77,939,568
2019 Units
957 769 104 69 2 29 126 1962 547 43 431 4,096
376 302 49 14 0 2 33 395 61 8 41 916
414 321 38 54 0 20 65 1050 394 35 320 2,298
149 128 16 0 2 8 26 472 89 0 52 795
18 17 1 0 0 0 2 45 4 0 18 86
Permits
80 5 1009
25 0 100
54 0 721
0 5 187
0 0 0
Value
$4,384,450 $4,196,450 $188,000 $0 $0 $0 $1,906,683 $319,079 $548,873 $0 $187,107 $7,346,192
$219,786,678 $187,349,218 $18,781,325 $12,936,136 $720,000 $99,193,503 $162,730,590 $29,631,430 $143,446,836 $78,041,694 $37,868,158 $770,698,889
$86,970,831 $73,830,964 $9,279,267 $3,860,600 $0 $15,533,188 $36,572,875 $6,209,729 $16,053,803 $14,546,232 $5,535,259 $181,421,918
$98,796,249 $83,168,055 $6,552,658 $9,075,536 $0 $66,561,228 $99,638,730 $17,882,978 $91,903,521 $63,495,462 $31,619,334 $469,897,502
$29,635,148 $26,153,748 $2,761,400 $0 $720,000 $17,099,087 $24,612,302 $5,219,644 $34,940,638 $0 $526,459 $112,033,278
5-Yr Avg Units
Home Builders Association of Fargo-Moorhead Outlying Communities Building Permit Report 2019
2016 BARNESVILLE, MN Total Housing Starts Single Family
Permits
Units
2017 Value Permits
Units
2018 Value Permits
Units
2019 Value Permits
Units
4-Yr Avg Value
Permits
Units
Value
17
$3,891,000
4
$1,389,000
11
$1,810,757
10
$2,055,000
10
$2,286,439 $2,086,439
12
$3,091,000
4
$1,389,000
11
$1,810,757
10
$2,055,000
9
Twin Home
0
$0
0
$0
0
$0
0
$0
0
Row/Town House
1
5
$800,000
0
0
$0
0
0
$0
0
0
$0
0
1
$200,000 $0
$0
Duplex
0
0
$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
0
0
New Commercial
0
$0
1
$96,000
3
$253,108
3
$326,200
2
$168,827
Residential Remodel
51
$603,176
59
$450,263
32
$568,945
65
$1,296,701
52
$729,771
Commercial Remodel
5
$60,500
3
$20,545
2
$1,062,000
8
$325,990
5
$367,259
Public
0
$0
0
$0
2
$1,255,193
4
$154,700
2
$352,473
42 115
$128,311 $4,682,987
23 90
$37,164 $1,992,972
72 122
$723,574 $5,673,577
41 131
$152,256 $4,310,847
45 114
$260,326 $4,165,096
Miscellaneous Total
$0
CASSELTON, ND Total Housing Starts
2
$1,111,000
6
$2,125,006
7
$2,643,000
4
$1,172,885
5
$1,762,973
Single Family
2
$1,111,000
6
$2,125,006
5
$2,273,000
4
$1,172,885
4
$1,670,473
Twin Home
0
$0
0
$0
2
$370,000
0
$0
1
Row/Town House
0
0
$0
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
0
0
$0
Multi-Family
0
0
$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
0
$0
2
Residential Remodel
34
$524,115
20
$380,816
16
$414,600
18
$488,050
22
$451,895
Commercial Remodel
5
$65,500
5
$1,045,000
4
$385,300
4
$2,736,500
5
$1,058,075
Public Miscellaneous Total
$92,500
$0 $854,170
1
$1,470,600
4
$23,579,037
0
$0
2
$2,417,000
2
$6,866,659
3 49
$52,000 $4,786,535
0 36
$0 $27,270,293
0 30
$0 $5,155,825
3 31
$8,000 $6,822,435
2 37
$15,000 $11,008,772
HARWOOD, ND Total Housing Starts
4
$1,389,000
1
$220,000
6
$1,604,000
0
$0
3
$803,250
Single Family
4
$1,389,000
1
$220,000
6
$1,604,000
0
$0
3
$803,250
Twin Home
0
$0
0
$0
0
$0
0
$0
0
Row/Town House
0
0
$0
0
0
$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
0
0
Multi-Family
0
0
$0
0
0
$0
0
0
$0
0
0
$0
0
0
New Commercial
0
$0
0
$0
0
$0
1
$100,000
0
$25,000
Residential Remodel
6
$174,800
7
$75,500
10
$108,500
4
$113,000
7
$117,950
Commercial Remodel
1
$99,000
0
$0
0
$0
0
$0
0
$24,750
Public
0
$0
1
$250,000
0
$0
1
$3,134,610
1
$846,153
14 25
$395,600 $2,058,400
4 13
$207,000 $752,500
2 18
$30,000 $1,742,500
7 13
$102,000 $3,449,610
7 17
$183,650 $2,000,753
Miscellaneous Total HAWLEY, MN Total Housing Starts
$0
6
$1,460,000
4
$1,025,000
6
$1,547,900
7
$1,865,000
6
$1,474,475
Single Family
5
$1,210,000
4
$1,025,000
6
$1,547,900
7
$1,865,000
6
$1,411,975
Twin Home
0
$0
0
$0
0
$0
0
$0
0
Row/Town House
0
0
$0
0
0
$0
0
0
$0
0
0
$0
0
0
$0 $62,500
$0
Duplex
1
1
$250,000
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
0
0
New Commercial
1
$615,333
0
$0
0
$0
1
$800,000
1
$353,833
$0
Residential Remodel
4
$11,100
0
$0
1
$4,000
1
$210,000
2
$56,275
Commercial Remodel
0
$0
0
$0
2
$132,000
0
$0
1
$33,000
Public
0
$0
0
$0
0
$0
0
$0
0
$0
17 28
$102,350 $2,188,783
18 22
$1,997,125 $3,022,125
19 28
$244,275 $1,928,175
11 20
$76,700 $2,951,700
16 25
$605,113 $2,522,696
Miscellaneous Total HORACE, ND Total Housing Starts
8
$3,516,000
43
$12,440,435
50
$13,773,125
71
$19,686,350
43
$12,353,978
Single Family
8
$3,516,000
42
$12,040,435
50
$13,773,125
71
$19,686,350
43
$12,253,978
Twin Home
0
$0
1
$400,000
0
$0
0
$0
0
Row/Town House
0
0
$0
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
0
0
$0
Multi-Family
0
0
$0
0
0
$0
0
0
$0
0
0
$0
0
0
New Commercial
4
$284,000
6
$1,391,000
3
$900,000
1
$750,000
4
$831,250
Residential Remodel
18
$512,219
28
$2,693,896
8
$304,000
17
$1,434,560
18
$1,236,169
Commercial Remodel
2
$125,000
9
$891,841
2
$35,000
0
$0
3
$262,960
Public
0
$0
0
$0
0
$0
1
$26,028,211
0
$6,507,053
$100,000
$0
Miscellaneous
16
$222,326
31
$621,116
31
$913,257
35
$4,034,751
28
$1,447,863
Total
48
$4,659,545
117
$18,038,288
94
$15,925,382
125
$51,933,872
96
$22,639,272
Issue 1 | Feb. 24, 2020 1/15/2020
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.
5
Home Builders Association of Fargo-Moorhead Outlying Communities Building Permit Report 2019
2016 KINDRED, ND Total Housing Starts
Permits
Units
2017 Value Permits
Units
2018 Value Permits
2019
Units
Value Permits
Units
4-Yr Avg Value
Permits
Units
Value
7
$1,817,000
5
$1,500,000
10
$3,211,956
10
$2,670,525
8
$2,299,870
Single Family
7
$1,817,000
5
$1,500,000
10
$3,211,956
8
$2,270,525
8
$2,199,870
Twin Home
0
$0
0
$0
0
$0
2
$400,000
1
Row/Town House
0
0
$0
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
0
0
$0
Multi-Family
0
0
$0
0
0
$0
0
0
$0
0
0
$0
0
0
New Commercial
0
$0
2
$345,000
0
$0
0
$0
1
$86,250
Residential Remodel
8
$519,400
9
$90,198
11
$144,049
14
$334,200
11
$271,962
Commercial Remodel
0
$0
2
$18,500
1
$32,750
0
$0
1
$12,813
Public
0
$0
1
$953,100
0
$0
3
$335,222
1
$322,081
0 15
$0 $2,336,400
0 19
$0 $2,906,798
1 23
$3,000 $3,391,755
4 31
$96,700 $3,436,647
1 22
$24,925 $3,017,900
Miscellaneous Total
$100,000
$0
MAPLETON, ND Total Housing Starts
43
$8,157,743
42
$10,964,556
26
$7,086,934
17
$4,406,595
32
$7,653,957
Single Family
19
$4,838,743
36
$9,726,556
22
$6,334,934
13
$3,826,595
23
$6,181,707
Twin Home
24
$3,319,000
6
$1,238,000
4
$752,000
4
$580,000
10
$1,472,250
Row/Town House
0
0
$0
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
0
0
$0
Multi-Family
0
0
$0
0
0
$0
0
0
$0
0
0
$0
0
0
New Commercial
1
$650,000
0
$0
2
$680,000
1
$44,000
1
$343,500
Residential Remodel
13
$144,786
23
$133,173
25
$634,020
17
$393,100
20
$326,270
Commercial Remodel
1
$30,670
3
$5,000
2
$115,000
2
$1,265,000
2
$353,918
Public
1
$6,439,325
0
$0
0
$0
0
$0
0
$1,609,831
0 59
$0 $15,422,524
1 69
$68,000 $11,170,729
3 58
$304,000 $8,819,954
2 39
$11,500 $6,120,195
2 56
$95,875 $10,383,351
10
$9,272,000
16
$12,501,603
13
$7,223,357
8
$5,013,000
12
$8,502,490
10
$9,272,000
16
$12,501,603
13
$7,223,357
8
$5,013,000
12
$8,502,490
Twin Home
0
$0
0
$0
0
$0
0
$0
0
Row/Town House
0
0
$0
0
0
$0
0
0
$0
0
0
$0
0
0
$0 $0
Miscellaneous Total
$0
OXBOW, ND Total Housing Starts Single Family
$0
Duplex
0
0
$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
0
0
New Commercial
1
$1,300,000
0
$0
2
$350,000
2
$902,000
1
$638,000
Residential Remodel
1
$18,000
2
$744,500
1
$60,001
4
$62,417
2
$221,230
Commercial Remodel
0
$0
0
$0
0
$0
0
$0
0
$0
Public
0
$0
1
$1,258,000
0
$0
0
$0
0
$314,500
Miscellaneous Total
$0
0
$0
0
$0
0
$0
0
$0
0
$0
12
$10,590,000
19
$14,504,103
16
$7,633,358
14
$5,977,417
15
$9,676,220
TOTAL Total Housing Starts
97
$30,613,743
121
$42,165,600
129
$38,901,029
127
$36,869,355
118
$37,137,432
Single Family
67
$26,244,743
114
$40,527,600
123
$37,779,029
121
$35,889,355
106
$35,110,182
Twin Home
24
$3,319,000
7
$1,638,000
6
$1,122,000
6
$980,000
11
$1,764,750
Row/Town House
1
5
$800,000
0
0
$0
0
0
$0
0
0
$0
0
1
$200,000
Duplex
1
1
$250,000
0
0
$0
0
0
$0
0
0
$0
0
0
$62,500
Multi-Family
0
0
$0
0
0
$0
0
0
$0
0
0
$0
0
0
11
$4,412,653
10
$1,972,434
13
$3,896,033
9
$2,922,200
11
$3,300,830
Residential Remodel
135
$2,507,596
148
$4,568,346
104
$2,238,115
140
$4,332,028
132
$3,411,521
Commercial Remodel
14
$380,670
22
$1,980,886
13
$1,762,050
14
$4,327,490
16
$2,112,774
2
$7,909,925
7
$26,040,137
2
$1,255,193
11
$32,069,743
6
$16,818,750
92 351
$900,587 $46,725,174
77 385
$2,930,405 $79,657,808
128 389
$2,218,106 $50,270,526
103 404
$4,481,907 $85,002,723
100 383
$2,632,751 $65,414,058
New Commercial
Public Miscellaneous Total
$0
No assurance is provided on the reports on pages 4, 5 and 6. Permit information reported here may have changed. For the most current permit information, please contact the individual cities.
6
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SEASONALLY ADJUSTED UNEMPLOYMENT RATES Dec 2019
Minnesota
Nov 2019
Dec 2018
3.3%
2.9%
North Dakota
Feb 19, 2020 YTD
Feb 19, 2019 YTD
% change
$226,141
$225,829
0.1%
$35,277,986
$39,520,986
-11%
36
35
3%
156
175
-11%
Closed MLS Volume
Source: bls.gov
2.4%*
United States
2.5%
2.6%
3.5%
3.9%
Closed MLS Volume - New Construction
Source: bls.gov
3.5%
Fargo-Moorhead
Closed MLS Volume - Existing Residential Units
Source: bls.gov
2.3%
2.3%
2.3%
30-Year Fixed
3.740%
15-Year Fixed
3.059%
3.350%
5-Year ARM
3.724%
30-Year Jumbo
3.439%
SINGLE AND MULTI-FAMILY BUILDING PERMITS Nov 2019
Minnesota
Nov 2018
% change
North Dakota
25,462
United States
8%
Fargo-Moorhead
$371
$413.30
$369
$397.80
Dec 27
$373
$406.20
Jan 10
$377
$390.10
Dec 20 Jan 3
$375
Jan 17
Jan 24
$403.60
$379
$430.00
$388
$435.50
$383
$426.00
$396
Feb 14
$440.20
$406
$455.10
NATIONAL HOUSING MARKET INDEX Source: National Association of Home Builders
3,211
-22%
1,222,135
3%
Source: NAHB
1,261,522
CME Futures
Feb 7
Source: NAHB
2,514
Dec 13
Lumber Composite Price
Jan 31
Source: NAHB
27,427
Source: National Association of Home Builders
Date
Source: Wells Fargo as of Feb. 20, 2020
30-Year Fixed VA
FRAMING LUMBER PRICES
*Preliminary
MORTGAGE RATES - APR
Source: NAHB
1,400
Source: F-M Area Association of Realtors Dilworth, Fargo, Moorhead, West Fargo | Single-Family, Condo, Townhouse, Twin Home, Duplex
Home Prices
Source: bls.gov
3.3%*
LOCAL REAL ESTATE
2,242
-38%
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.
Dec 2019
Jan 2020
Feb 2020
76
75
74
National Midwest
73
67
preliminary
62
U.S. REGULAR GASOLINE PRICES (DOLLARS PER GALLON) Source: Energy Information Administration
U.S.
Midwest
Jan 20
$2.537
$2.390
Jan 27
$2.506 $2.371
Feb 3
Feb 10
$2.313
$2.260
$2.455
$2.419
Feb 17
$2.428
$2.307
TOP 5 SUMMARY Did you miss it? The Top Five Summary of builders in the F-M metro area reflects the builders in several categories, including top-five single-family builders in terms of units and value, top five multi-family builders in terms of units, top five HBA member builders in terms of units and value, and the largest non-member builders. It’s available in the Resources tab of the members-only area at hbafm.com.
Issue 1 | Feb. 24, 2020
7
Home Builders Association of F-M 1802 32nd Ave. S. Fargo, N.D. 58103
Construction Contracts And Law
• Webinar offered by National Association of Home Builders • March 10, 17 and 24 • Member cost: $199 Many construction or remodeling companies are too small to hire full-time legal staff, so it’s important to understand basic contract law. This course provides a step-by-step explanation of how contracts sustain positive customer and supplier relations, provide for resolution of disputes and minimize the risk of litigation. You will learn about mandatory and optional provisions, warranties, and arbitration procedures. Special emphasis is given to troubleshooting contracts for detrimental positions. Participants in this course will be able to: • Describe elements, benefits and interpretation principles of contracts • Describe contracts recommended for builders and remodelers (sales agreements, construction contracts, remodeling contracts, warranties and subcontractor agreements), including mandatory and optional provisions • Identify additional resources related to construction law • Explain how contracts sustain positive customer and supplier relations, provide for resolution of disputes and minimize the risk of litigation
www.nahb.org
click the Education & Events tab, then Education, then the e-learning box, or navigate to the link below: https://elearning.nahb.org/products/construction-contracts-and-law-live-online-march-10-17-24 8
Permits Plus