Issue 1 | Feb. 23, 2021
Permits Plus + A bi-monthly statistics and advocacy update for HBA of F-M members FOR YOUR CALENDAR March 17 - It’s Never Going To Happen To Me…Oh Really! Feeling Lucky? Business Management Series
March 23 - Building Officials Roundtable
April 8 - What To Expect From A Roadside Inspection
Published six times per year, Permits Plus aims to provide a concise report on building permit numbers and a timely update on Association advocacy efforts.
2020 Permit Data Detail Available To Members Only
• $35 - Year-end summary (new residential and multi-family) 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 and multi-family. • $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 Krista Mund at (701) 232-5846 or kristam@hbafm.com.
April 22 - Trailers, Trucks & Automobiles: Risky For Any Business
HBA Works With NDAB In Bismarck
May 1-2, 8-9 & 15-16 - Spring Parade of Homes
Property Tax Exemption (HB 1277), NDAB Opposes CURRENT Version
Business Management Series
May 11 - Relationships And Your Reputation: It’s A Whole New World Business Management Series
May 25 - Hands-On Safety: Fall Protection
May 26 - Remodelers Council Picnic June 9 - Parade Picnic
June 22 - Hands-On Safety: Scaffolding July 14 - Hands-On Safety: Stairs & Ladder Visit the calendar at hbafm.com to register.
The North Dakota Legislative Session is in full swing and your HBA of F-M and the North Dakota Association of Builders are actively monitoring legislation impacting your homebuilding business. Bills of interest include: If this legislation passes in its current form, the property tax exemption on new construction will disappear. The first version of North Dakota House Bill 1277 intended to extend the property tax exemption from 2 years to 5 years and its limit from $150,000 to $250,000. This encourages families to purchase homes. However, it was amended in a way that would end the exemption. This version would require the exemption to be approved by a local public election, not just a resolution by local government. Bonding Proposal: CTE and Diversion (HB 1431), NDAB Supports Career and Technical Education: Funding Removed
The original version of HB 1431 proposed $92.5 million in bonded funding to support career and technical education statewide. The $9 million proposed for the Cass County Career Workforce Academy would have been enough to complete the project. HBA of F-M submitted testimony supporting this version. However, all CTE funding was removed from the bill. Despite that disappointment, SB 2019 includes $45 million in grant funding for career academies. F-M Area Diversion Funding Remains
The original $435.5 million proposed for the F-M Area Diversion remains in the version that the House will discuss. The bill also includes funding for other water and infrastructure-related projects.
Pre-apprenticeship/Workforce (HB 1478)
The House has passed legislation that would “allow students enrolled in grades six through twelve to earn course credit through educational opportunities with a sponsoring entity.” This is exciting news for the workforce development in the state. The North Dakota Association of Builders is surveying builders about their interest in sponsoring students.
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 2019 December 2020 768 969 632 82 54 0
872 43 54 0
201
Percentage Difference 26%
240 -39 0 0
38% -48% 0% 0%
Difference
Multi-Family New Commercial Residential Remodel Commercial Remodel Public Miscellaneous Totals Housing
8 106 1,669 593 54 277 3,475 $180,054,703
25 102 1,808 529 49 441 3,923 $257,615,072
17 -4 139 -64 -5 164 448 $77,560,369
213% -4% 8% -11% -9% 59% 13% 43%
Single Family Twin Home Row / Town House Duplex
$154,157,017 $14,612,000 $11,285,686 $0
$237,947,834 $10,212,890 $9,454,348 $0
$83,790,817 -$4,399,110 -$1,831,338 $0
54% -30% -16% 0%
Multi-Family New Commercial Residential Remodel Commercial Remodel Public Miscellaneous Totals Housing Single Family Twin Home Row / Town House Duplex
$78,971,480 $161,535,689 $24,569,936 $141,123,120 $29,638,116 $19,124,782 $635,017,826 127
$127,020,603 $198,078,576 $27,902,627 $201,447,103 $143,335,309 $53,324,948 $1,008,724,238 152
121 6 0 0
148 4 0 0
$48,049,123 $36,542,887 $3,332,691 $60,323,983 $113,697,193 $34,200,166 $373,706,412
61% 23% 14% 43% 384% 179% 59%
25 27 -2 0 0
20% 22% -33% 0% 0%
Multi-Family New Commercial Residential Remodel Commercial Remodel Public Miscellaneous Totals Housing
0 9 149 15 12 90 402 $36,678,695
0 24 174 16 14 115 495 $49,150,608
0 15 25 1 2 25 93 $12,471,913
0% 167% 17% 7% 17% 28% 23% 34%
Single Family Twin Home Row / Town House Duplex
$35,698,695 $980,000 $0 $0
$48,550,608 $600,000 $0 $0
$12,851,913 -$380,000 $0 $0
36% -39% 0% 0%
Multi-Family New Commercial Residential Remodel Commercial Remodel Public Miscellaneous Totals
$0 $2,922,200 $4,406,853 $4,382,490 $35,648,743 $986,382 $85,025,363
$0 $9,763,376 $3,364,413 $5,577,604 $52,963,207 $2,621,718 $123,440,926
$0 $6,841,176 -$1,042,440 $1,195,114 $17,314,464 $1,635,336 $38,415,563
0% 234% -24% 27% 49% 166% 45%
3,877
4,418
541
14%
$720,043,189
$1,132,165,164
$412,121,975
57%
Permits Plus
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TOP 5 SUMMARY The Top Five Summary of builders in the F-M metro area reflects the builders in several categories, including topfive 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. 23, 2021
3
4
Permits Plus
169 141 4 12 12 31 488 72 72 844
476 369 82 25 28 62 1122 390 31 434 2,543
445 367 47 8 41 466 79 8 19 1,058
1,111 898 133 33 12 40 134 2139 543 39 544 4,550
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
21 21 63 2 19 105
Permits
Total Housing Starts Single Family Twin Home Row / Town House Duplex Multi-Family New Commercial Residential Remodel Commercial Remodel Public Miscellaneous Total
DILWORTH
56 24 1136
31 -
25 818
24 318
-
$4,775,900 $4,775,900 $418,361 $1,195,778 $169,800 $6,559,839
314 253 43 18 27 436 55 5 15 852
$262,101,497 883 $224,762,894 688 $23,088,933 79 $10,649,670 116 $3,600,000 $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 $4,340,000 $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 $6,309,670 98 $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 1 31 465 93 37 745
7 7 5 43 2 17 74
Value Permits
$33,745,300 $29,395,300 $750,000 $3,600,000 $25,866,730 $33,067,240 $5,828,185 $80,945,338 $510,093 $179,962,886
2016 Units
116 846
18 -
98 801
45
-
Units
$1,146,000 $1,146,000 $5,156,413 $257,352 $79,385 $32,746 $6,671,896
385 355 30 4 29 351 52 8 65 894
$194,889,915 848 $161,557,917 770 $16,842,000 67 $16,489,998 11 $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 $2,340,000 $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 $14,149,998 11 $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 7 16 446 90 54 748
15 15 2 30 5 18 70
Value Permits
$23,085,405 $21,965,405 $1,120,000 $4,400,000 $58,682,137 $5,640,762 $26,624,235 $400,584 $118,833,123
2017
11 1238
139
11 914
185
-
Units
$27,385,287 $25,040,287 $2,345,000 $19,250,000 $9,151,660 $4,692,161 $31,672,616 $379,997 $92,531,721
$4,246,000 $4,246,000 $2,900,000 $301,359 $505,315 $527,000 $8,479,674 125 117 8 3 20 464 96 49 757
19 19 2 31 4 21 77
Value Permits
312 228 70 14 3 28 317 68 12 71 811 $198,814,312 768 $182,956,517 632 $13,057,800 82 $2,799,995 54 $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 $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 $2,799,995 40 $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
2018
54 571
14 318
40 172
81
-
Units
$23,904,849 $22,418,849 $1,486,000 $11,081,823 $11,693,761 $4,920,833 $26,020,058 $318,244 $77,939,568
$4,450,502 $4,450,502 $1,055,000 $258,429 $51,386 $164,298 $5,979,615 129 120 9 4 13 507 96 37 786
17 17 1 27 2 32 79
Value Permits
374 352 22 5 24 342 69 5 81 900 $180,054,703 969 $154,157,017 872 $14,612,000 43 $11,285,686 54 $78,971,480 25 $161,535,689 102 $24,569,936 1808 $141,123,120 529 $29,638,116 49 $19,124,782 441 $635,017,826 3,923
$74,719,705 $58,893,705 $12,606,000 $3,220,000 $48,489,657 $32,527,950 $4,424,459 $16,756,385 $2,880,990 $9,307,008 $189,106,154
$76,979,647 449 $68,393,961 383 $520,000 12 $8,065,686 54 $19,400,000 16 $116,258,978 64 $14,966,215 932 $98,295,291 362 $26,757,126 44 $9,335,232 291 $361,992,489 2,158
2019
Home Builders Association of Fargo-Moorhead
F-M Metro Summary of Building Permits Granted 2020 - Year-to-Date (December)
$28,356,447 $26,676,547 $1,679,900 $7,422,000 $24,521,938 $4,790,397 $32,010,313 $455,651 $97,556,746
$103,677,956 $97,685,016 $5,992,940 $4,725,000 $34,425,315 $6,117,282 $21,444,947 $2,738,142 $3,508,471 $176,637,113 $257,615,072 $237,947,834 $10,212,890 54 $9,454,348 1123 $127,020,603 $198,078,576 $27,902,627 $201,447,103 $143,335,309 $53,324,948 $1,008,724,238
35
54 1019
69
-
$5,266,824 $5,266,824 $1,075,000 $298,637 $165,000 $133,836 $6,939,297
Value
$120,313,845 $108,319,447 $2,540,050 $9,454,348 $114,873,603 $138,056,323 $16,696,311 $147,826,843 $140,597,167 $49,226,990 $727,591,082
2020 Units
916 772 80 54 2 24 115 1919 550 44 427 3,995
366 311 42 8 2 30 382 65 8 50 903
399 323 30 46 17 61 1024 393 36 306 2,236
135 122 8 2 5 22 474 89 50 775
16 16 2 39 3 21 81
Permits
59 5 983
13 98
46 745
5 140
-
Value
$3,977,045 $3,977,045 $2,037,283 $306,828 $399,373 $205,536 $6,926,065
$218,695,100 $192,276,436 $15,562,725 $10,135,939 $720,000 $103,458,327 $179,920,605 $29,620,875 $160,418,956 $78,410,034 $40,931,950 $811,455,847
$87,391,175 $76,554,320 $8,856,855 $1,980,000 $15,526,388 $35,354,612 $5,999,207 $14,435,230 $13,134,841 $4,047,690 $175,889,143
$100,031,422 $86,645,793 $5,229,690 $8,155,939 $74,327,828 $115,105,363 $18,140,372 $106,129,841 $65,275,193 $36,265,810 $515,275,829
$27,295,458 $25,099,278 $1,476,180 $720,000 $13,604,111 $27,423,347 $5,174,468 $39,454,512 $412,914 $113,364,810
5-Yr Avg Units
Home Builders Association of Fargo-Moorhead
Outlying Communities Summary of Building Permits Granted 2020 - Year-to-Date - Page 1 (December) 2016 BARNESVILLE, MN Total Housing Starts Single Family
Permits
2017
Units
Value Permits
17
$3,891,000
Units
2018 Value Permits
Units
2019 Value Permits
Units
2020 Value Permits
Units
5-Yr Avg Value
Permits
Units
Value
4
$1,389,000
11
$1,810,757
10
$2,055,000
12
$2,799,000
10
$2,388,951 $2,228,951
12
$3,091,000
4
$1,389,000
11
$1,810,757
10
$2,055,000
12
$2,799,000
10
Twin Home
-
-
-
-
-
-
-
-
-
-
-
Row/Town House
1
5
$800,000
-
-
-
-
-
-
-
-
-
-
-
-
-
$160,000 -
-
-
Duplex
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Multi-Family
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
New Commercial
-
-
1
$96,000
3
$253,108
3
$326,200
1
$70,000
2
Residential Remodel
51
$603,176
59
$450,263
32
$568,945
65
$1,296,701
48
$616,813
51
$707,180
Commercial Remodel
5
$60,500
3
$20,545
2
$1,062,000
8
$325,990
2
$51,500
4
$304,107
Public Miscellaneous Total
$149,062
-
-
-
-
2
$1,255,193
4
$154,700
1
$17,000
1
$285,379
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
51 115
$787,040 $4,341,353
46 114
$365,669 $4,200,348
CASSELTON, ND Total Housing Starts
2
$1,111,000
6
$2,125,006
7
$2,643,000
4
$1,172,885
2
$351,915
4
$1,480,761
Single Family
2
$1,111,000
6
$2,125,006
5
$2,273,000
4
$1,172,885
2
$351,915
4
$1,406,761
Twin Home
-
-
-
-
2
$370,000
-
-
-
-
-
Row/Town House
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Duplex
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Multi-Family
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
New Commercial
4
$1,563,320
1
$140,434
3
$1,712,925
-
-
6
$3,535,181
3
$74,000
$1,390,372
Residential Remodel
34
$524,115
20
$380,816
16
$414,600
18
$488,050
12
$207,058
20
$402,928
Commercial Remodel
5
$65,500
5
$1,045,000
4
$385,300
4
$2,736,500
7
$4,608,244
5
$1,768,109
Public
1
$1,470,600
4
$23,579,037
-
-
2
$2,417,000
1
$275,000
2
$5,548,327
3 49
$52,000 $4,786,535
36
$27,270,293
30
$5,155,825
3 31
$8,000 $6,822,435
13 41
$348,785 $9,326,183
4 38
$81,757 $10,672,254
Miscellaneous Total HARWOOD, ND Total Housing Starts
4
$1,389,000
1
$220,000
6
$1,604,000
-
-
-
-
2
$642,600
Single Family
4
$1,389,000
1
$220,000
6
$1,604,000
-
-
-
-
2
$642,600
Twin Home
-
-
-
-
-
-
-
-
-
-
-
Row/Town House
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Duplex
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Multi-Family
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
New Commercial
-
-
-
-
-
-
1
$100,000
-
-
-
$20,000
Residential Remodel
6
$174,800
7
$75,500
10
$108,500
4
$113,000
1
$75,000
6
$109,360
Commercial Remodel
1
$99,000
-
-
-
-
-
-
-
-
-
$19,800
Public
-
-
1
$250,000
-
-
1
$3,134,610
-
-
-
$676,922
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
1 2
$37,000 $112,000
6 14
$154,320 $1,623,002
Miscellaneous Total
-
-
HAWLEY, MN Total Housing Starts
6
$1,460,000
4
$1,025,000
6
$1,547,900
7
$1,865,000
6
$1,952,000
6
$1,569,980
Single Family
5
$1,210,000
4
$1,025,000
6
$1,547,900
7
$1,865,000
6
$1,952,000
6
$1,519,980
Twin Home
-
-
-
-
-
-
-
-
-
-
-
Row/Town House
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Duplex
1
1
$250,000
-
-
-
-
-
-
-
-
-
-
-
-
-
-
$50,000
Multi-Family
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
New Commercial
1
$615,333
-
-
-
-
1
$800,000
-
-
-
-
-
-
$283,067
$58,488
Residential Remodel
4
$11,100
-
-
1
$4,000
1
$210,000
1
$67,340
1
Commercial Remodel
-
-
-
-
2
$132,000
-
-
1
$361,860
1
$98,772
Public
-
-
-
-
-
-
-
-
2
$4,809,224
-
$961,845
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
18 28
$114,700 $7,305,124
17 25
$507,030 $3,479,182
29
$8,890,000
42
$11,865,435
50
$13,538,825
71
$19,495,690
86
$25,670,124
55
$15,892,015
29
$8,890,000
41
$11,465,435
50
$13,538,825
71
$19,495,690
86
$25,670,124
55
$15,812,015
Twin Home
-
-
1
$400,000
-
-
-
-
-
-
-
Row/Town House
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Duplex
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Multi-Family
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Miscellaneous Total HORACE, ND Total Housing Starts Single Family
New Commercial
$80,000 -
5
$1,048,236
8
$1,496,000
2
$300,000
1
$750,000
14
$5,088,195
6
$1,736,486
Residential Remodel
37
$777,221
42
$2,321,729
21
$871,300
26
$1,509,385
68
$1,471,346
39
$1,390,196
Commercial Remodel
1
$5,000
3
$389,400
-
-
1
$55,000
1
$300,000
1
$149,880
Public
3
$1,140,000
1
$312,407
-
-
2
$29,607,211
9
$47,796,983
3
$15,771,320
Miscellaneous
23
$766,000
14
$448,791
16
$892,300
22
$539,226
27
$1,228,193
20
$774,902
Total
98
$12,626,457
110
$16,833,762
89
$15,602,425
123
$51,956,512
205
$81,554,841
124
$35,714,799
Issue 1 | Feb. 23, 2021
5
Home Builders Association of Fargo-Moorhead
Outlying Communities Summary of Building Permits Granted 2020 - Year-to-Date - Page 2 (December) 2016 KINDRED, ND Total Housing Starts
Permits Units 7
Single Family
7
Twin Home
-
Row/Town House
-
Duplex
2017
2018
2019
5-Yr Avg
Value Permits Units $1,500,000 10
Value Permits Units $3,211,956 10
Value Permits Units $2,670,525 14
Value $3,786,446
Permits Units 9
Value $2,597,185
$1,817,000
$1,500,000
$3,211,956
$2,397,185
5
-
-
-
-
-
-
-
-
Multi-Family
-
-
New Commercial
-
10
8
$2,270,525
10
$3,186,446
8
-
2
$400,000
4
$600,000
1
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
2
$270,000
1
$123,000
17
$384,457
12
$294,461
3
$226,000
1
$55,450
-
-
-
-
-
-
-
-
-
-
-
-
-
2
$345,000
-
Residential Remodel
8
9
$90,198
11
$144,049
14
Commercial Remodel
-
-
2
$18,500
1
$32,750
-
Public
-
-
1
$953,100
-
Miscellaneous Total
2020
Value Permits Units $1,817,000 5
$519,400
-
$334,200 -
$200,000
-
3
$335,222
1
$65,000
1
$270,664
15
$2,336,400
19
$2,906,798
1 23
$3,000 $3,391,755
4 31
$96,700 $3,436,647
3 40
$88,500 $4,820,403
2 26
$37,640 $3,378,400
MAPLETON, ND Total Housing Starts
43
$8,157,743
42
$10,964,556
26
$7,086,934
17
$4,406,595
17
$4,935,505
29
$7,110,267
Single Family
19
$4,838,743
36
$9,726,556
22
$6,334,934
13
$3,826,595
17
$4,935,505
21
$5,932,467
Twin Home
24
$3,319,000
6
$1,238,000
4
$752,000
4
$580,000
-
-
8
$1,177,800
Row/Town House
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Duplex
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Multi-Family
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
New Commercial
1
$650,000
-
-
2
$680,000
1
Residential Remodel
13
$144,786
23
$133,173
25
$634,020
Commercial Remodel
1
$30,670
3
$5,000
2
$115,000
Public
1
$6,439,325
-
59
$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 39
10
$9,272,000
16
$12,501,603
13
$7,223,357
8
$5,013,000
10
$9,272,000
16
$12,501,603
13
$7,223,357
8
$5,013,000
Miscellaneous Total
-
-
-
-
$44,000
1
$800,000
1
$434,800
17
$393,100
17
$349,499
19
$330,916
2
$1,265,000
2
$30,000
2
-
-
-
-
$289,134
-
$1,287,865
$17,500 $6,132,504
2 53
$80,200 $9,533,182
15
$9,655,618
12
$8,733,116
15
$9,655,618
12
$8,733,116
OXBOW, ND Total Housing Starts Single Family Twin Home
-
Row/Town House
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Duplex
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Multi-Family
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
New Commercial
1
$1,300,000
-
2
$350,000
-
1
$510,400
Residential Remodel
1
$18,000
1
$60,001
4
$215,564
Commercial Remodel
-
-
-
Public
-
-
1
Miscellaneous Total
-
-
2
$744,500 $1,258,000
-
-
2
$902,000
-
4
$62,417
10
$192,900
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
$251,600
-
-
12
$10,590,000
19
$14,504,103
16
$7,633,358
14
$5,977,417
25
$9,848,518
17
$9,710,680
TOTAL Total Housing Starts
118
$35,987,743
120
$41,590,600
129
$38,666,729
127
$36,678,695
152
$49,150,608
129
$40,414,875
Single Family
88
$31,618,743
113
$39,952,600
123
$37,544,729
121
$35,698,695
148
$48,550,608
119
$38,673,075
Twin Home
24
$3,319,000
7
$1,638,000
6
$1,122,000
6
$980,000
4
$600,000
9
$1,531,800
Row/Town House
1
5
$800,000
-
-
-
-
-
-
-
-
-
-
-
-
-
1
$160,000
Duplex
1
1
$250,000
-
-
-
-
-
-
-
-
-
-
-
-
-
-
$50,000
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Multi-Family New Commercial
-
-
12
$5,176,889
12
$2,077,434
12
$3,296,033
9
$2,922,200
24
$9,763,376
14
$4,647,186
Residential Remodel
154
$2,772,598
162
$4,196,179
117
$2,805,415
149
$4,406,853
174
$3,364,413
151
$3,509,092
Commercial Remodel
13
$260,670
16
$1,478,445
11
$1,727,050
15
$4,382,490
16
$5,577,604
14
$2,685,252
5
$9,049,925
8
$26,352,544
2
$1,255,193
12
$35,648,743
14
$52,963,207
8
$25,053,922
99 401
$1,444,261 $54,692,086
60 378
$2,758,080 $78,453,282
113 384
$2,197,149 $49,947,569
90 402
$986,382 $85,025,363
115 495
$2,621,718 $123,440,926
95 411
$2,001,518 $78,311,845
Public Miscellaneous Total
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
Permits Plus
U.S. REGULAR GASOLINE PRICES (DOLLARS PER GALLON) Source: Energy Information Administration
Jan 18
U.S.
Jan 25
$2.464
Midwest
$2.478
$2.335
$2.335
SEASONALLY ADJUSTED UNEMPLOYMENT RATES Dec 2020
Nov 2020
Minnesota
Dec 2019
Feb 1
Feb 8
$2.495
Feb 15
$2.548
$2.370
$2.588
$2.418
$2.455
SINGLE AND MULTI-FAMILY BUILDING PERMITS Dec 2020
Minnesota
Dec 2019
% change
30,403
1%
2,538
31%
1,370,347
6%
1408
40%
Source: NAHB
Source: bls.gov
4.4*%
North Dakota
4.5%
3.3%
4.5%
2.4%
30,753 North Dakota
Source: bls.gov
4.1*%
United States
Source: NAHB
3,327
United States
Source: bls.gov
6.7%
6.7%
Fargo-Moorhead
Source: NAHB
3.6%
1,451,579 Fargo-Moorhead
Source: bls.gov
3.1%
3.5%
2.2%
Source: NAHB
1,969
*Preliminary
MORTGAGE RATES - APR
NATIONAL HOUSING MARKET INDEX Source: National Association of Home Builders
Source: Wells Fargo as of Feb. 22, 2021
30-Year Fixed
3.112%
15-Year Fixed
2.522%
30-Year Jumbo
3.054%
30-Year Fixed VA 15-Year Jumbo
3.118%
Source: F-M Area Association of Realtors Dilworth, Fargo, Moorhead, West Fargo | Single-Family, Condo, Townhouse, Twin Home, Duplex
Dec 31, 2020 YTD
Dec 31, 2019 YTD
% change
$259,360
$248,272
4.5%
$935,511,971
$740,844,646
26.3%
565
435
29.9%
3,042
2,549
19.3%
Closed MLS Volume
Range is 0-100. *Preliminary
2.866%
LOCAL REAL ESTATE
Home Prices
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.
Closed MLS Volume - New Construction Closed MLS Volume - Existing Residential Units
Dec 2020
Jan 2021
Feb 2021*
Housing Market Index
86
83
84
SF Sales: Next 6 Mo
85
National
SF Sales: Present
Prospective Buyer Traffic Regional HMI
92
90
90
73
68
72
Northeast
78
South
87
Midwest West
83
80
68
89
82
82
82
80
96
92
81 91
BUILDER REGISTRATION IS OPEN First 3 Weekends In May Issue 1 | Feb. 23, 2021
hbafm.com/events/parade-homes March 8: Early Deadline March 22: Regular Deadline 7
Home Builders Association of F-M 1802 32nd Ave S Fargo, ND 58103
Minnesota Border Cities Legislation
Legislation that would allow Minnesota enterprise zone cities like Moorhead to match its frost footing depth requirement to borderline cities like Fargo is forthcoming. Local data reveals that one discrepancy adds about $3,000 to the price of a newly constructed home. That amount is enough to push homebuyers away from Moorhead and Dilworth and into Fargo.
Horace Is On The Grow
HBA of F-M leaders met with Horace Mayor Kory Peterson and City Administrator Brenton Holper recently to hear their perspectives about planning review and permit fees and to share concerns that we hear from members.
Holper mentioned that stormwater maintenance will be a top priority this spring, and HBA will be helping the city educate builders and trade partners about expectations and accountability. Issues will continue arising and discussions will continue.
There are four seats on Horace city council and three are up for election in the next two months. A recall will be held March 9 when five candidates will be on the ballot for two council seats. HBA of F-M is keeping a close eye on this race and invited all candidates to a panel discussion and complete a candidate survey. A special election will be held April 20 when two candidates will face off for one seat.
8
Building Officials Roundtable
The event is slated for 11:30 a.m.-1 p.m. March 23. Inspectors from all local jurisdictions have been invited to participate. This 90-minute forum allows builders to hear about the most recent, essential and unforeseen changes and information regarding inspections. In-person attendance is limited, and virtual options are available. Register at hbafm.memberzone.com/events/ calendar.
News From National
Biden Stimulus Package Favorable to Housing/Chance to Relieve Cost of Lumber
The National Association of Home builders believes President Biden’s $1.9 trillion plan will help boost the housing sector and economy. The White House has also expressed a willingness to continue talks with NAHB regarding lumber price and supply issues. Lumber Testimonial—Share yours!
NAHB would like to hear how rising lumber prices, and the limited availability of lumber, are affecting your business and the impact on housing affordability. This will help further illustrate to the Biden Administration and Congress why a plan to address the lumber crisis is urgently needed: nahb.org/ other/forms/open/lumber-testimonials.
Permits Plus