Permits Plus Issue 2

Page 1

Issue 2 | April 25, 2019

Permits Plus + A bi-monthly statistics and advocacy update for HBA of F-M members

FOR YOUR CALENDAR: 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 June 13 Parade Picnic July 9 Golf Outing July 31 Muddy Boots Picnic Aug. 20 Golf Outing

Visit the calendar at hbafm.com for details or to register for events.

INSIDE: Pg 2 Permit comparison chart for the F-M Metro and Outlying Towns Pg 4 F-M Metro Building Permit Report Pg 5-6 Outlying Communities Building Permit Report Pg 7 Statistics Pg 8

ND Legislative Brief

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.

Independent Contractor Registration Catches Some General Contractors By Surprise Do you work in Minnesota? HBA of F-M has heard reports of local general contractors receiving communications from Minnesota’s Department of Labor & Industry that require lists of their subcontractors and much more. Contractors say the timeline for compliance is extremely short (as little as one week) and one letter threatened a $10,000 penalty per violation for noncompliance. Most contractors who do residential or commercial building construction or improvement services are required to register with the Minnesota Department of Labor & Industry through the Construction Contractor Registration Program if they do not hold a contractor’s license. There is no cost to register. General contractors who hire unregistered subcontractors, misclassify workers or fail to register are in violation of the law and can be charged with monetary penalties. One of the impacted local contractors advises fellow contractors to thoroughly research the issue and prepare themselves now for an audit. The process is extremely time-consuming and could be costly if caught off-guard. His letter required the following information for the past two years: a detailed list of subcontractors performing work on all jobs in Minnesota as well as -- their licenses or independent contractor registration (if unlicensed) -- proof of insurance -- copies of checks paid to those subcontractors -- 1099s It is important to carefully read the notice. The communication provides a contact person at the Minnesota Department of Labor & Industry to help the contractor identify the exact documentation the Department seeks.

Resources:

Information on independent contractor registration: http://www.dli.mn.gov/business/independent-contractor-registration Clarification on who needs a license in Minnesota: http://www.dli.mn.gov/business/residential-contractors/who-needslicense Minnesota statute regarding independent contractor registration: https://www.revisor.mn.gov/statutes/cite/326B.701

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

18

31

-13

Percentage Difference -42%

18 0 0 0

31 0 0 0

-13 0 0 0

-42% 0% 0% 0%

March 2019 METRO PERMITS

METRO VALUE

OUTLYING PERMITS

OUTLYING VALUE

Housing Single Family Twin Home Row / Town House Duplex

2

Difference

Multi-Family New Commercial Residential Remodel Commercial Remodel Public Miscellaneous Totals Housing

0 12 218 121 4 18 391 $5,747,298

2 21 261 115 3 17 450 $7,196,583

-2 -9 -43 6 1 1 -59 -$1,449,285

-100% -43% -16% 5% 33% 6% -13% -20%

Single Family Twin Home Row / Town House Duplex

$5,747,298 $0 $0 $0

$7,196,583 $0 $0 $0

-$1,449,285 $0 $0 $0

-20% 0% 0% 0%

Multi-Family New Commercial Residential Remodel Commercial Remodel Public Miscellaneous Totals Housing Single Family Twin Home Row / Town House Duplex

$0 $13,484,525 $5,193,025 $30,227,910 $2,349,710 $1,731,689 $58,734,157 4

$2,270,000 $22,270,088 $5,384,234 $28,914,585 $567,000 $3,699,641 $70,302,131 9

4 0 0 0

9 0 0 0

-$2,270,000 -$8,785,563 -$191,209 $1,313,325 $1,782,710 -$1,967,952 -$11,567,974

-100% -39% -4% 5% 314% -53% -16%

-5 -5 0 0 0

-56% -56% 0% 0% 0%

Multi-Family New Commercial Residential Remodel Commercial Remodel Public Miscellaneous Totals Housing

0 1 14 3 1 0 23 $1,246,900

0 0 15 4 0 8 36 $3,604,500

0 1 -1 -1 1 -8 -13 -$2,357,600

0% N/A -7% -25% N/A -100% -36% -65%

Single Family Twin Home Row / Town House Duplex

$1,246,900 $0 $0 $0

$3,604,500 $0 $0 $0

-$2,357,600 $0 $0 $0

-65% 0% 0% 0%

Multi-Family New Commercial Residential Remodel Commercial Remodel Public Miscellaneous Totals COMBINED STARTS COMBINED VALUE

March 2018

$0 $44,000 $393,713 $179,300 $17,000 $0 $1,880,913

$0 $0 $580,167 $462,000 $0 $93,931 $4,740,598

$0 $44,000 -$186,454 -$282,700 $17,000 -$93,931 -$2,859,685

0% N/A -32% -61% N/A -100% -60%

414

486

-72

-15%

$60,615,070

$75,042,729

-$14,427,659

-19%

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 2 | April 25, 2019

218.233.6104

3


4

Permits Plus

4/5/2019

52 14 38 0 0 3 3 55 18 0 4 135

20 8 0 12 0 1 8 178 103 3 33 346

49 25 24 0 0 0 1 62 11 0 5 128

124 48 64 12 0 4 12 304 133 3 43 623

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

3 1 2 0 0 0 0 9 1 0 1 14

Permits

Total Housing Starts Single Family Twin Home Row / Town House Duplex Multi-Family New Commercial Residential Remodel Commercial Remodel Public Miscellaneous Total

DILWORTH

12 0 143

0 0 0

12 0 134

0 0 9

0 0 0

$802,850 $322,850 $480,000 $0 $0 $0 $0 $94,621 $10,000 $0 $0 $907,471

$25,488,246 $13,555,746 $10,612,500 $1,320,000 $0 $15,056,720 $11,214,580 $5,755,663 $15,426,479 $2,541,300 $2,668,960 $78,151,948

$11,304,651 $7,808,151 $3,496,500 $0 $0 $0 $300,000 $1,393,818 $1,430,000 $0 $68,000 $14,496,469

$3,861,745 $2,541,745 $0 $1,320,000 $0 $13,479,840 $7,739,580 $3,514,439 $11,907,610 $2,541,300 $2,600,960 $45,645,474

115 88 26 1 0 2 19 371 116 10 53 686

52 36 16 0 0 0 8 62 24 2 4 152

52 43 8 1 0 2 8 205 76 8 42 393

9 7 2 0 0 0 3 100 15 0 5 132

2 2 0 0 0 0 0 4 1 0 2 9

Value Permits

$9,519,000 $2,883,000 $6,636,000 $0 $0 $1,576,880 $3,175,000 $752,785 $2,078,869 $0 $0 $17,102,534

2015 Units

$12,833,600 $10,927,600 $1,906,000 $0 $0 $0 $15,829,060 $1,185,398 $1,753,975 $1,527,922 $193,985 $33,323,940

$12,948,762 $11,726,090 $1,209,000 $13,672 $0 $10,443,000 $11,410,000 $3,566,056 $11,039,254 $11,986,567 $2,699,690 $64,093,329

$2,160,000 $1,710,000 $450,000 $0 $0 $0 $8,399,773 $1,424,059 $33,501,206 $0 $25,000 $45,510,038

$535,900 $535,900 $0 $0 $0 $0 $0 $29,359 $750,000 $0 $1,000 $1,316,259

0 0 66

0 0 0

0 0 66

0 0 0

0 0 0

$2,873,000 $2,873,000 $0 $0 $0 $0 $25,000 $1,188,293 $949,692 $0 $30,000 $5,065,985

$0 $0 $0 $0 $0 $0 $2,256,413 $50,528 $0 $0 $0 $2,306,941

$16,051,855 $15,759,855 $292,000 $0 $0 $5,272,700 $17,362,303 $5,445,122 $9,988,933 $6,891,886 $2,301,295 $63,314,094

$5,732,400 $5,440,400 $292,000 $0 $0 $0 $8,675,000 $522,400 $766,125 $6,485,477 $379,045 $22,560,447

31 31 0 0 0 2 21 261 115 3 17 450

18 18 0 0 0 0 2 35 8 1 1 65

9 9 0 0 0 1 15 161 96 2 13 297

4 4 0 0 0 1 4 64 11 0 2 86

0 0 0 0 0 0 0 1 0 0 1 2

Value Permits

$7,446,455 $7,446,455 $0 $0 $0 $5,272,700 $6,405,890 $3,683,901 $8,273,116 $406,409 $1,892,250 $33,380,721

2017 Units

0 0 26

0 0 0

0 0 14

0 0 12

0 0 0

$966,000 $966,000 $0 $0 $0 $1,000,000 $4,932,660 $692,701 $1,803,490 $0 $0 $9,394,851

$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0

$7,196,583 $7,196,583 $0 $0 $0 $2,270,000 $22,270,088 $5,384,234 $28,914,585 $567,000 $3,699,641 $70,302,131

$3,675,683 $3,675,683 $0 $0 $0 $0 $885,000 $687,022 $1,957,500 $365,000 $118,000 $7,688,205

18 18 0 0 0 0 12 218 121 4 18 391

9 9 0 0 0 0 2 33 18 2 2 66

7 7 0 0 0 0 6 135 89 2 13 252

2 2 0 0 0 0 4 47 14 0 3 70

0 0 0 0 0 0 0 3 0 0 0 3

Value Permits

$2,554,900 $2,554,900 $0 $0 $0 $1,270,000 $16,452,428 $4,004,511 $25,153,595 $202,000 $3,581,641 $53,219,075

2018 Units

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.

65 63 2 0 0 1 8 305 130 2 35 546

23 21 2 0 0 0 2 43 16 1 6 91

32 32 0 0 0 1 4 184 98 1 26 346

10 10 0 0 0 0 1 71 16 0 3 101

0 0 0 0 0 0 1 7 0 0 0 8

Value Permits

$28,478,262 $24,899,590 $3,565,000 1 $13,672 0 $0 117 $10,443,000 $35,638,833 $6,204,872 $47,044,435 $13,514,489 $2,919,675 $144,243,566

0 0 0

1 0 117

0 0 0

0 0 0

Units

2016

F-M Metro Building Permit Report 2019 - Year-to-Date (March)

Home Builders Association of Fargo-Moorhead

0 0 0

0 0 0

0 0 0

0 0 0

0 0 0

$594,000 $594,000 $0 $0 $0 $0 $1,900,000 $823,117 $1,990,744 $0 $0 $5,307,861

$0 $0 $0 $0 $0 $0 $0 $23,800 $0 $0 $0 $23,800

Value

$5,747,298 $5,747,298 $0 $0 $0 $0 $13,484,525 $5,193,025 $30,227,910 $2,349,710 $1,731,689 $58,734,157

$2,796,600 $2,796,600 $0 $0 $0 $0 $150,000 $647,940 $1,257,970 $624,510 $602,770 $6,079,790

$2,356,698 $2,356,698 $0 $0 $0 $0 $11,434,525 $3,698,168 $26,979,196 $1,725,200 $1,128,919 $47,322,706

2019 Units

71 50 18 3 0 2 14 292 123 4 33 539

30 22 8 0 0 0 3 47 15 1 4 100

24 20 2 3 0 1 8 173 92 3 25 327

15 7 8 0 0 1 3 67 15 0 3 105

1 1 0 0 0 0 0 5 0 0 1 7

Permits

3 0 70

0 0 0

3 0 66

0 0 4

0 0 0

Value

$267,750 $171,750 $96,000 $0 $0 $0 $451,283 $39,662 $152,000 $0 $200 $910,894

$16,592,449 $13,431,814 $2,893,900 $266,734 $0 $6,608,484 $19,994,066 $5,596,583 $26,320,468 $5,172,877 $2,664,252 $82,949,179

$7,268,587 $6,129,687 $1,138,900 $0 $0 $0 $5,167,812 $887,316 $1,433,114 $1,800,582 $272,360 $16,829,770

$5,833,712 $5,325,178 $241,800 $266,734 $0 $6,093,108 $10,688,485 $3,693,415 $16,670,554 $3,372,295 $2,380,692 $48,732,261

$3,222,400 $1,805,200 $1,417,200 $0 $0 $515,376 $3,686,487 $976,191 $8,064,800 $0 $11,000 $16,476,254

5-Yr Avg Units


Home Builders Association of Fargo-Moorhead

Outlying Communities Building Permit Report 2019 - Year-to-Date - Page 1 (March) 2016 BARNESVILLE, MN Total Housing Starts

Permits

Units

2017 Value Permits

Units

2018 Value Permits

Units

2019 Value Permits

Units

4-Yr Avg Value

Permits

Units

Value

0

$0

0

$0

0

$0

0

$0

0

$0

Single Family

0

$0

0

$0

0

$0

0

$0

0

$0

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

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

$0

New Commercial

0

$0

0

$0

0

$0

0

$0

0

$0

Residential Remodel

12

$248,950

8

$29,178

8

$95,918

8

$179,733

9

$138,445

Commercial Remodel

1

$40,000

0

$0

1

$75,000

3

$179,300

1

$73,575

Public

0

$0

0

$0

0

$0

0

$0

0

$0

4 17

$17,950 $306,900

2 10

$12,300 $41,478

7 16

$89,431 $260,349

0 11

$0 $359,033

3 14

$29,920 $241,940

Miscellaneous Total

$0

CASSELTON, ND Total Housing Starts

0

$0

2

$459,000

1

$298,000

0

$0

1

$189,250

Single Family

0

$0

2

$459,000

1

$298,000

0

$0

1

$189,250

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

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

$50,000

0

$0

0

$0

0

$0

0

Residential Remodel

6

$96,230

1

$90,000

3

$111,900

0

$0

3

$74,533

Commercial Remodel

1

$50,000

1

$95,000

1

$350,000

0

$0

1

$123,750

Public Miscellaneous Total

$0

$0 $12,500

0

$0

0

$0

0

$0

1

$17,000

0

$4,250

2 10

$42,000 $238,230

0 4

$0 $644,000

0 5

$0 $759,900

0 1

$0 $17,000

1 5

$10,500 $414,783

HARWOOD, ND Total Housing Starts

1

$180,000

1

$220,000

0

$0

0

$0

1

$100,000

Single Family

1

$180,000

1

$220,000

0

$0

0

$0

1

$100,000

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

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

$0

New Commercial

0

$0

0

$0

0

$0

0

$0

0

$0

Residential Remodel

1

$1,800

1

$10,000

0

$0

0

$0

1

$2,950

Commercial Remodel

0

$0

0

$0

0

$0

0

$0

0

$0

Public

0

$0

0

$0

0

$0

0

$0

0

$0

Miscellaneous Total

3 5

$190,600 $372,400

2 4

$137,000 $367,000

0 0

$0 $0

0 0

$0 $0

1 2

$81,900 $184,850

$0

HAWLEY, MN Total Housing Starts

1

$200,000

0

$0

0

$0

0

$0

0

$50,000

Single Family

1

$200,000

0

$0

0

$0

0

$0

0

$50,000

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

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

$615,333

0

$0

0

$0

0

$0

0

Residential Remodel

0

$0

0

$0

0

$0

0

$0

0

$0

Commercial Remodel

0

$0

0

$0

1

$12,000

0

$0

0

$3,000

Public

0

$0

0

$0

0

$0

0

$0

0

$0

Miscellaneous Total

0 2

$0 $815,333

0 0

$0 $0

1 2

$4,500 $16,500

0 0

$0 $0

0 1

$1,125 $207,958

$0

$0 $153,833

HORACE, ND Total Housing Starts

0

$0

6

$2,538,000

4

$731,500

4

$1,246,900

4

$1,129,100

Single Family

0

$0

6

$2,538,000

4

$731,500

4

$1,246,900

4

$1,129,100

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

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

1

$140,000

0

$0

0

$0

0

$35,000

Residential Remodel

4

$204,036

7

$178,750

1

$2,000

2

$105,780

4

$122,642

Commercial Remodel

1

$75,000

2

$181,834

1

$25,000

0

$0

1

$70,459

Public

0

$0

0

$0

0

$0

0

$0

0

$0

Miscellaneous Total

0 5

$0 $279,036

4 20

$59,400 $3,097,984

0 6

$0 $758,500

0 6

$0 $1,352,680

1 9

$14,850 $1,372,050

Issue 2 | April 25, 2019 No assurance is provided on this report. Permit information reported here may have changed. 4/5/2019

For the most current permit information, please contact the individual cities.

$0

$0

5


Home Builders Association of Fargo-Moorhead

Outlying Communities Building Permit Report 2019 - Year-to-Date - Page 2 (March) 2016 KINDRED, ND

Permits

Total Housing Starts

Units

2017 Value Permits

1

$167,000

Units

0

2018 Value Permits $0

Units

0

2019 Value Permits $0

4-Yr Avg

Units

0

Value

Permits

Units

$0

0

$41,750

Value $41,750

Single Family

1

$167,000

0

$0

0

$0

0

$0

0

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

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

$0

New Commercial

0

$0

0

$0

0

$0

0

$0

0

$0

Residential Remodel

1

$300,000

2

$5,598

1

$45,349

3

$26,200

2

$94,287 $0

Commercial Remodel

0

$0

0

$0

0

$0

0

$0

0

Public

0

$0

0

$0

0

$0

0

$0

0

$0

Miscellaneous Total

0 2

$0 $467,000

0 2

$0 $5,598

0 1

$0 $45,349

0 3

$0 $26,200

0 2

$0 $136,037

MAPLETON, ND Total Housing Starts

4

$1,054,000

3

$664,000

1

$700,000

0

$0

2

$604,500

Single Family

4

$1,054,000

3

$664,000

1

$700,000

0

$0

2

$604,500

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

1

$650,000

0

$0

0

$0

1

$44,000

1

$173,500

$0

Residential Remodel

3

$35,700

4

$27,000

2

$325,000

1

$82,000

3

$117,425

Commercial Remodel

0

$0

1

$500

0

$0

0

$0

0

$125

Public

0

$0

0

$0

0

$0

0

$0

0

$0

Miscellaneous Total

0 8

$0 $1,739,700

0 8

$0 $691,500

0 3

$0 $1,025,000

0 2

$0 $126,000

0 5

$0 $895,550

OXBOW, ND Total Housing Starts

0

$0

2

$1,550,000

3

$1,875,000

0

$0

1

$856,250

Single Family

0

$0

2

$1,550,000

3

$1,875,000

0

$0

1

$856,250

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

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

$0

New Commercial

0

$0

0

$0

0

$0

0

$0

0

$0

Residential Remodel

0

$0

0

$0

0

$0

0

$0

0

$0 $0

Commercial Remodel

0

$0

0

$0

0

$0

0

$0

0

Public

0

$0

0

$0

0

$0

0

$0

0

$0

Miscellaneous

0

$0

0

$0

0

$0

0

$0

0

$0

Total

0

$0

2

$1,550,000

3

$1,875,000

0

$0

1

$856,250

TOTAL Total Housing Starts

7

$1,601,000

14

$5,431,000

9

$3,604,500

4

$1,246,900

9

$2,970,850

Single Family

7

$1,601,000

14

$5,431,000

9

$3,604,500

4

$1,246,900

9

$2,970,850

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

3

$1,315,333

1

$140,000

0

$0

1

$44,000

1

$0 $374,833

Residential Remodel

27

$886,716

23

$340,526

15

$580,167

14

$393,713

20

$550,281

Commercial Remodel

3

$165,000

4

$277,334

4

$462,000

3

$179,300

4

$270,909

Public Miscellaneous Total

0

$0

0

$0

0

$0

1

$17,000

0

$4,250

9 49

$250,550 $4,218,599

8 50

$208,700 $6,397,560

8 36

$93,931 $4,740,598

0 23

$0 $1,880,913

6 40

$138,295 $4,309,418

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.

4/5/2019

6

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.

Permits Plus


SEASONALLY ADJUSTED UNEMPLOYMENT RATES February 2019

Minnesota

January 2019

February 2018

4.0%

4.1%

North Dakota

Mar. 31, 2019 YTD

Mar. 31, 2018 YTD

% change

$231,494

$225,076

2.9%

$95,838,675

$105,785,830

-9.4%

59

65

-9.2%

355

405

-12.3%

Closed MLS Volume

Source: bls.gov

2.4%*

United States

2.5%

2.7%

3.7%

4.7%

Closed MLS Volume - New Construction

Source: bls.gov

3.7%

Fargo-Moorhead

Closed MLS Volume - Existing Residential Units

Source: bls.gov

2.3%

2.3%

2.5%

FRAMING LUMBER PRICES *Preliminary

MORTGAGE RATES - APR Source: Wells Fargo as of April 9, 2019

30-Year Fixed

4.220%

15-Year Fixed

3.664%

30-Year Jumbo

3.939%

30-Year Fixed VA

4.313%

5-Year ARM

4.646%

SINGLE AND MULTI-FAMILY BUILDING PERMITS February 2019 Minnesota

February 2018

% change

2,874

2,923

-2%

North Dakota

Dec. 14

80

-5%

184,970

188,253

-2%

Source: NAHB

Source: NAHB

$332

$331.50

Jan. 11

$335

$323.20

$327

$328.50

$336

$381.50

Jan. 18

$330

Feb. 1

$354

Jan. 25 Feb. 22

$359.40 $416.20

$377

$396.70

$358

$352.80

$362

Apr. 5

Apr. 12

$395.10

$353

$340.30

37

-73%

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.

Jan. 2019

Mar. 2019

Apr. 2019

62

62

63

National Midwest

Source: Energy Information Administration

Midwest

CME Futures

Dec. 28

U.S. REGULAR GASOLINE PRICES

U.S.

Lumber Composite Price

Source: National Association of Home Builders

76

Fargo-Moorhead

Date

NATIONAL HOUSING MARKET INDEX

Source: NAHB

United States

Source: National Association of Home Builders

Mar. 15

Source: NAHB

10

Source: F-M Area Association of Realtors Dilworth, Fargo, Moorhead, West Fargo | Single-Family, Condo, Townhouse, Twin Home, Duplex

Home Prices

Source: bls.gov

3.8%*

LOCAL REAL ESTATE

54

49

preliminary

56

(DOLLARS PER GALLON)

Mar. 11

Mar. 18

Mar. 25

Apr. 01

Apr. 08

$2.450

$2.527

$2.614

$2.679

$2.724

$2.549

FREr mE embers

ilde for all Bu ng on the ti ip par tic a mes de of Ho ra a P g n ri p S

$2.625

$2.701

PARADE PICNIC

5 - 8 p.m. June 13 Trollwood Park, 3664 Elm St N, Fargo Pre-registered Adults: $10 Registrations after June 11: $20 Family-friendly! Children age 18 and under are free. Register at www.hbafm.com

Issue 2 | April 25, 2019

$2.770

$2.826

FOOD PRIZES GAMES 7


Home Builders Association of F-M 1802 32nd Ave. S. Fargo, N.D. 58103

North Dakota Legislative Brief HBA of F-M members and staff visited Bismarck three times in the last few months. The first trip was to participate in the North Dakota Association of Builders’ Legislative Impact Day. A top objective was attending a meeting of the North Dakota Senate Education Committee to testify on behalf of a bill that helps open up more opportunities for teenagers to gain hands-on experience at jobsites like yours! In the hearing process it was discovered that this issue is best handled administratively through the North Dakota Department of Labor and working with our local representatives. Stay tuned.

Members and staff also discussed the importance of state-based funding for the F-M Area Diversion with legislators on each occasion, the latest being a special bus trip coordinated with the Business Leaders Flood Task Force this month. As of press time, the necessary funding for the F-M Area Diversion Project was not included in a recommendation from the conference committee on Senate Bill 2020, and the House passed the bill $120 million short of the $870 million needed to show legislative intent which is important in the Public Private Partnership aspect of the project. It will now go to Governor Burgum unless the bill is reconsidered on the House floor.

High school students age 15 and older explore the world of construction while working with industry professionals.

JUNE 3-7 & 10-14

MINNESOTA STATE COMMUNITY AND TECHNICAL COLLEGE Just $25 for three college credits Learn more at www.hbcfm.com or find us on Facebook by searching Trades Academy.

8

Permits Plus


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