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