Issue 2 | May 29, 2020
Permits Plus + A bi-monthly statistics and advocacy update for HBA of F-M members
FOR YOUR CALENDAR: June 3 - NAHB Webinar: COVID-19 Compliance & Operational Challenges in Multifamily Property Management
June 4 - NAHB Webinar: How to Build a Brand Buyers Can Trust
June 6-8, 13-15, 20-22 Spring Parade of Homes June 9 Election Day
June 10 - NAHB Webinar: The Four Ps of Leadership: Understanding Yourself to Influence Others
June 11 - NAHB Webinar: Top Trends Shaping the Future of 55+ Communities June 24 - NAHB Webinar: How Gen Z and Millennials Are Changing Homebuilding Forever
July 14 HBA-FM Golf Outing at Oxbow Country Club July 29 Muddy Boots Picnic presented by Cass County Electric Cooperative
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.
Building Officials Share Latest Updates, Problem Areas
Did you miss the Building Officials Virtual Roundtable earlier this month? Good news! A recording is available: https://bit.ly/3d7dFzT. Hear the latest updates, problem areas, and plans for increased enforcement from Dilworth, Fargo, Moorhead and West Fargo. Topics covered included braced wall construction in Fargo, Minnesota’s newly adopted building code, West Fargo’s transition to a stand-alone inspections department and how all departments are functioning during COVID-19. Fargo • Remote inspections work very well through the city’s LAMA software. • Be prepared for COVID-19 questions: answering one question incorrectly will cancel inspection. • Permits of all sorts issued increased significantly since 2019 • Having approved plans available on site will resolve concerns about inconsistent enforcement. Moorhead • Minnesota has a new code which the inspections office is still becoming familiar with and working with contractors to enforce. • The new code has a complicated table regarding footings which the HBA of F-M may assist with engineering and finding an alternate solution. • The state’s new energy code will mandate R-5 wall insulation in the name of energy cost savings but will substantially increase building costs. It has not yet been formally adopted. • Minnesota deck codes are more strict than North Dakota, resulting in some contractors opting out of building there. HBA plans to meet with area legislators to address the issue. • Enforcement of property line setbacks, 5’ from line with foundation and 2’ overhang (the overhang must be rated) may cause frustrations. • Payments will be required before a permit is issued and permits will be invalid if not paid. • Continuous handrails are required on stairs. West Fargo • The inspections department has separated from Moore Engineering. • Developers will be responsible for grading because West Fargo will no longer have survey crew.
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
111
147
36
Percentage Difference 32%
109 2 0 0
147 0 0 0
38 -2 0 0
35% -100% N/A N/A
April 2019 METRO PERMITS
METRO VALUE
OUTLYING PERMITS
OUTLYING VALUE
COMBINED STARTS COMBINED VALUE
2
Housing Single Family Twin Home Row / Town House Duplex
April 2020
Difference
Multi-Family New Commercial Residential Remodel Commercial Remodel Public Miscellaneous Totals Housing
0 21 344 160 6 53 695 $29,103,251
2 23 416 182 12 66 848 $38,962,542
2 2 72 22 6 13 153 $9,859,291
Single Family Twin Home Row / Town House Duplex
$28,665,251 $438,000 $0 $0
$38,962,542 $0 $0 $0
$10,297,291 -$438,000 $0 $0
36% -100% N/A N/A
5 5 0 0 0
26% 26% N/A N/A N/A
Multi-Family New Commercial Residential Remodel Commercial Remodel Public Miscellaneous Totals Housing Single Family Twin Home Row / Town House Duplex
$0 $23,540,495 $7,096,797 $36,079,730 $4,029,620 $3,187,061 $103,036,954 19
$11,963,242 $34,599,165 $6,527,203 $79,386,200 $28,498,645 $6,349,351 $206,286,348 24
19 0 0 0
24 0 0 0
$11,963,242 $11,058,670 -$569,594 $43,306,470 $24,469,025 $3,162,290 $103,249,394
N/A 10% 21% 14% 100% 25% 22% 34%
N/A 47% -8% 120% 607% 99% 100%
Multi-Family New Commercial Residential Remodel Commercial Remodel Public Miscellaneous Totals Housing
0 1 28 7 1 12 68 $5,756,900
0 0 25 3 1 10 63 $8,237,562
0 -1 -3 -4 0 -2 -5 $2,480,662
N/A -100% -11% -57% 0% N/A -7% 43%
Single Family Twin Home Row / Town House Duplex
$5,756,900 $0 $0 $0
$8,237,562 $0 $0 $0
$2,480,662 $0 $0 $0
43% N/A N/A N/A
Multi-Family New Commercial Residential Remodel Commercial Remodel Public Miscellaneous Totals
$0 $44,000 $729,683 $309,490 $17,000 $3,628,100 $10,485,173
$0 $0 $651,221 $79,500 $275,000 $157,300 $9,400,583
$0 -$44,000 -$78,462 -$229,990 $258,000 -$3,470,800 -$1,084,590
N/A -100% -11% -74% 1518% -96% -10%
763
911
148
19%
$113,522,127
$215,686,931
$102,164,804
90%
Permits Plus
609 Main Avenue Moorhead, MN
218.233.6104
Frame Your Perfect View Stop in to Lampert Lumber today and get the view you’ve always wanted for your home with our Marvin® Windows selection.
4115 32nd Ave. SW Fargo, ND 701-492-0292
LampertLumber.com
OPIOID CRISIS RESOURCES WWW.NAHB.ORG/OPIOIDS FREE Issue 2 | May 29, 2020
FIRST 3 WEEKENDS IN JUNE + MONDAYS! 3
4
Permits Plus
23 21 2 2 5 155 23 10 218 131 112 12 7 4 10 331 120 17 87 700 104 84 20 8 117 26 3 6 264 263 222 34 7 6 23 613 170 20 105 1,200
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
5 5 10 1 2 18
Permits
Total Housing Starts Single Family Twin Home Row / Town House Duplex Multi-Family New Commercial Residential Remodel Commercial Remodel Public Miscellaneous Total
DILWORTH
60 57 3 2 110 21 1 7 201
94 88 2 4 4 12 316 132 3 85 646
31 29 2 5 120 26 4 186
2 2 1 16 3 22
$61,154,892 187 $54,501,220 176 $4,780,000 7 7 $1,873,672 4 157 $14,695,000 4 $39,760,078 20 $10,113,343 562 $59,169,251 179 $37,670,725 4 $7,000,485 99 $229,563,774 1,055
-
$24,191,850 $21,645,850 $2,546,000 $15,829,060 $1,830,969 $1,769,825 $10,640,522 $1,160,985 $55,423,211
$30,303,142 $26,645,470 $1,784,000 7 $1,873,672 133 $13,135,000 $15,455,000 $6,080,050 $19,306,754 $27,030,203 $5,722,184 $117,032,333
24
-
$1,205,900 $1,205,900 $77,464 $750,000 $1,000 $2,034,364
Value Permits
$5,454,000 $5,004,000 $450,000 $1,560,000 $8,476,018 $2,124,860 $37,342,672 $116,316 $55,073,866
2016 Units
$14,929,300 $14,491,300 $438,000 $8,675,000 $1,444,462 $851,125 $6,485,477 $399,045 $32,784,409
$21,765,105 $20,859,105 $446,000 $460,000 $15,352,700 $23,928,590 $5,639,416 $16,044,358 $647,509 $3,903,450 $87,281,128
$6,716,000 $6,466,000 $250,000 $30,045,000 $1,576,070 $3,449,347 $45,000 $41,831,417
$230,500 $230,500 $2,256,413 $137,347 $2,624,260
133 122 11 3 31 417 163 9 46 802
44 37 7 2 53 11 1 1 112
57 57 2 23 250 129 8 36 505
31 27 4 1 6 110 23 6 177
1 1 4 3 8
Value Permits
$43,640,905 $42,046,905 $1,134,000 4 $460,000 210 $15,352,700 $64,905,003 $8,797,295 $20,344,830 $7,132,986 $4,347,495 $164,521,214
-
4 210
-
-
Units
2017
$6,473,000 $5,873,000 $600,000 $1,000,000 $5,204,660 $1,073,935 $5,705,704 $19,457,299
$320,000 $320,000 $27,400 $8,000 355,400
$30,410,083 $28,900,083 $1,510,000 110 $13,370,695 $24,408,140 $7,490,575 $42,343,152 $18,835,365 $4,975,501 $141,833,511
-
$9,723,183 $8,813,183 $910,000 $885,000 $975,447 $4,080,235 $365,000 $118,000 $16,146,865
111 109 2 21 344 160 6 53 695
55 55 8 48 21 3 6 141
39 39 8 209 115 3 41 415
15 13 2 5 82 23 5 130
2 2 5 1 1 9
Value Permits
$13,893,900 $13,893,900 98 $12,370,695 $18,318,480 $5,413,793 $32,557,213 $18,470,365 $4,849,501 $105,873,947
12
-
Units
2018
-
-
-
-
-
Units
$745,000 $745,000 $30,800 $20,000 $795,800
$29,103,251 $28,665,251 $438,000 $23,540,495 $7,096,797 $36,079,730 $4,029,620 $3,187,061 $103,036,954
$14,134,600 $14,134,600 $6,460,000 $1,164,815 $1,463,970 $944,510 $1,251,870 $25,419,765
$10,923,251 $10,923,251 $14,219,014 $4,707,546 $31,546,016 $3,085,110 $1,935,191 $66,416,128
147 147 2 23 416 182 12 66 848
37 37 9 86 26 3 9 170
85 85 2 11 201 122 9 51 481
20 20 2 120 33 3 178
5 5 1 9 1 3 19
Value Permits
$3,300,400 $2,862,400 $438,000 $2,861,481 $1,193,636 $3,049,744 $10,405,261
2019
Home Builders Association of Fargo-Moorhead
F-M Metro Summary of Building Permits Granted 2020 - Year-to-Date (April)
$38,962,542 $38,962,542 126 $11,963,242 $34,599,165 $6,527,203 $79,386,200 $28,498,645 $6,349,351 $206,286,348
-
$11,064,682 $11,064,682 $9,123,385 $1,360,060 $13,027,680 $2,694,492 $140,820 $37,411,119
$21,819,360 $21,819,360 126 $11,963,242 $14,331,552 $3,792,205 $63,551,827 $25,804,153 $6,208,531 $147,470,870
-
-
$1,505,000 $1,505,000 $1,075,000 $137,984 $25,000 $2,742,984
Value
$4,573,500 $4,573,500 $10,069,228 $1,236,954 $2,781,693 $18,661,375
2020 Units
168 155 11 2 3 24 470 172 10 74 921
60 54 6 6 83 21 2 6 178
81 76 3 2 2 13 261 124 8 60 549
24 22 2 1 5 117 26 6 179
3 3 9 1 2 15
Permits
2 120
-
2 113
7
-
Value
$801,280 $801,280 $666,283 $82,199 $159,000 $1,800 $1,710,562
$40,654,334 $38,615,200 $1,572,400 $466,734 $11,076,327 $37,442,576 $8,005,043 $47,464,633 $19,233,468 $5,171,978 $169,048,359
$14,808,723 $14,029,923 $778,800 $8,194,489 $1,355,151 $4,238,567 $4,226,000 $614,144 $33,437,074
$19,740,951 $18,828,217 $446,000 $466,734 $10,564,327 $17,250,527 $5,126,602 $32,601,234 $15,007,468 $4,523,771 $104,814,880
$5,303,380 $4,955,780 $347,600 $512,000 $11,331,277 $1,441,091 $10,465,832 $32,263 $29,085,843
5-Yr Avg Units
Home Builders Association of Fargo-Moorhead
Outlying Communities Summary of Building Permits Granted 2020 - Year-to-Date - Page 1 (April) 2016 BARNESVILLE, MN Total Housing Starts
Permits
Units
2017 Value Permits
Units
2018 Value Permits
Units
2019 Value Permits
Units
2020 Value Permits
Units
5-Yr Avg Value
Permits
Units
Value
-
-
-
-
-
-
-
-
-
-
-
Single Family
-
-
-
-
-
-
-
-
-
-
-
-
Twin Home
-
-
-
-
-
-
-
-
-
-
-
-
Row/Town House
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Duplex
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Multi-Family
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
New Commercial
-
-
-
-
-
-
-
-
-
-
-
-
Residential Remodel
13
$256,800
10
11
$121,118
15
$213,286
9
$131,476
12
$164,672
Commercial Remodel
2
$46,300
-
-
2
$1,062,000
6
$294,490
1
$3,500
2
$281,258
Public
-
-
-
-
Miscellaneous Total
-
13 28
$53,091 $356,191
$100,678
-
-
-
10 20
$12,508 $113,186
13 26
$146,832 $1,329,950
21
$507,776
-
-
4 14
$64,800 $199,776
-
-
8 22
$55,446 $501,376
CASSELTON, ND Total Housing Starts
-
-
2
$459,000
2
$1,048,000
-
-
-
-
1
$301,400
Single Family
-
-
2
$459,000
2
$1,048,000
-
-
-
-
1
$301,400
Twin Home
-
-
-
-
-
-
-
-
-
Row/Town House
-
-
-
-
Duplex
-
-
-
Multi-Family
-
-
-
New Commercial
1
$50,000
-
Residential Remodel
8
$160,015
4
$136,200
3
$111,900
1
Commercial Remodel
2
$52,000
1
$95,000
2
$374,300
-
Public
-
Miscellaneous Total
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
$10,000
4
$115,623
1
$104,260
-
-
-
3 14
$52,000 $314,015
7
$690,200
7
$1,534,200
$35,000 -
3
$135,000
-
-
-
-
1
$17,000
1
$275,000
-
$58,400
2
$52,000
1 5
$24,000 $434,000
1 7
$15,200 $604,883
HARWOOD, ND Total Housing Starts
1
$180,000
1
$220,000
-
-
-
-
-
-
-
$80,000
Single Family
1
$180,000
1
$220,000
-
-
-
-
-
-
-
$80,000
Twin Home
-
-
-
-
-
-
-
-
-
Row/Town House
-
Duplex
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Multi-Family
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
New Commercial
-
-
-
-
-
-
-
-
-
-
-
$1,800
1
$10,000
-
-
Residential Remodel
1
-
-
-
-
-
-
-
Commercial Remodel
-
-
-
-
-
-
-
-
-
-
-
-
Public
-
-
-
-
-
-
-
-
-
-
-
-
Miscellaneous Total
3 5
$190,600 $372,400
$137,000 $367,000
-
-
-
-
1 1
2 4
$37,000 $37,000
$2,360
1 1
$72,920 $155,280
HAWLEY, MN Total Housing Starts
1
$200,000
1
$300,000
-
-
1
$290,000
-
-
1
$158,000
Single Family
1
$200,000
1
$300,000
-
-
1
$290,000
-
-
1
$158,000
Twin Home
-
-
-
-
-
-
-
-
-
Row/Town House
-
Duplex
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Multi-Family
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
New Commercial
1
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
$615,333
-
Residential Remodel
-
-
-
-
-
Commercial Remodel
-
-
-
-
1
Public
-
-
-
Miscellaneous Total
3 5
$20,200 $835,533
-
$12,000 -
-
-
-
$123,067 $2,400
-
-
4 5
6,200 $306,200
2 3
$8,500 $20,500
3 4
$5,300 $295,300
3 3
$24,500 $24,500
3 4
$12,940 $296,407
HORACE, ND Total Housing Starts
-
-
10
$3,848,000
11
$2,591,500
11
$2,938,900
14
$4,117,166
9
$2,699,113
Single Family
-
-
10
$3,848,000
11
$2,591,500
11
$2,938,900
14
$4,117,166
9
$2,699,113
Twin Home
-
-
-
Row/Town House
-
-
-
-
Duplex
-
-
-
Multi-Family
-
-
-
New Commercial
-
Residential Remodel
4
$204,036
Commercial Remodel
1
$75,000
Public
-
-
-
Miscellaneous
-
-
7
$98,200
2
$47,000
8
$3,609,100
1
$7,000
4
$752,260
Total
5
33
$5,124,465
17
$2,776,500
25
$6,911,780
20
$4,188,206
20
$3,855,997
Issue 2 | May 29, 2020
-
$279,036
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
$93,000
6
$207,377 $104,247
2
$465,000
-
10
$292,031
3
$113,000
6
4
$421,234
1
$25,000
-
-
-
-
1
-
-
-
-
-
-
-
-
$363,780
5
$64,040
-
-
5
Home Builders Association of Fargo-Moorhead
Outlying Communities Summary of Building Permits Granted 2020 - Year-to-Date - Page 2 (April) 2016 KINDRED, ND Total Housing Starts
Permits 1
Single Family
1
Twin Home
-
Row/Town House
-
Units
-
2017 Value Permits $167,000 -
Units
2018 Value Permits 3
$167,000
-
-
3
-
-
-
-
-
-
-
-
-
Units
-
2019 Value Permits $1,107,000 3
Units
2020 Value Permits $879,000 2
$1,107,000
3
$879,000
-
-
-
-
-
-
-
-
-
Units
2 -
5-Yr Avg Value $954,716
Permits 2
$954,716
2
-
-
-
-
Units
Value $621,543 $621,543 -
-
-
Duplex
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Multi-Family
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
New Commercial
-
Residential Remodel
1
Commercial Remodel
-
-
-
-
-
-
-
Public
-
-
-
-
-
-
-
Miscellaneous Total
2
$467,000
2
$5,598
6
$1,156,549
$300,000
2
$5,598
3
$49,549
3
$26,200
1 7
-
2
$81,000
2
$92,469
-
2
$76,000
-
$15,200
-
-
-
-
$13,700 $918,900
6
$1,111,716
4
$2,740 $731,952
MAPLETON, ND Total Housing Starts
6
$1,569,000
7
$1,779,980
2
$930,000
2
$501,000
5
$1,335,680
4
$1,223,132
Single Family
6
$1,569,000
7
$1,779,980
2
$930,000
2
$501,000
5
$1,335,680
4
$1,223,132
Twin Home
-
-
-
-
-
-
-
Row/Town House
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Duplex
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Multi-Family
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
New Commercial
1
$650,000
-
-
-
-
1
$44,000
-
-
-
$138,800
-
Residential Remodel
4
$65,700
5
$31,750
6
$433,500
2
$87,000
4
$159,105
4
$155,411
Commercial Remodel
-
-
2
$4,000
1
$95,000
1
$15,000
-
-
1
$22,800
Public
-
-
-
-
-
-
-
-
$2,284,700
14
$1,815,730
9
$1,458,500
6
Miscellaneous Total
11
-
-
-
-
$647,000
9
$1,494,785
9
$1,540,143
OXBOW, ND Total Housing Starts
-
-
6
$5,658,000
5
$2,851,000
2
$1,148,000
3
$1,830,000
3
$2,297,400
Single Family
-
-
6
$5,658,000
5
$2,851,000
2
$1,148,000
3
$1,830,000
3
$2,297,400
Twin Home
-
-
-
-
-
-
-
-
-
Row/Town House
-
-
-
-
-
-
-
Duplex
-
-
-
Multi-Family
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
$260,000
1
$17,003
-
New Commercial
1
$1,300,000
-
-
-
-
-
Residential Remodel
-
-
-
-
-
-
1
Commercial Remodel
-
-
-
-
-
-
-
-
-
-
-
-
Public
-
-
-
-
-
-
-
-
-
-
-
-
Miscellaneous
-
-
-
-
-
-
-
-
-
-
-
Total
1
$1,300,000
6
$5,658,000
5
$2,851,000
3
$1,152,417
5
$1,910,600
4
$2,574,403
$4,417
2
$80,600
-
TOTAL Total Housing Starts
9
$2,116,000
27
$12,264,980
23
$8,527,500
19
$5,756,900
24
$8,237,562
20
$7,380,588
Single Family
9
$2,116,000
27
$12,264,980
23
$8,527,500
19
$5,756,900
24
$8,237,562
20
$7,380,588
Twin Home
-
-
-
-
-
-
-
-
-
Row/Town House
-
Duplex
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Multi-Family
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
New Commercial
4
$2,615,333
2
$465,000
-
-
1
$44,000
-
-
1
$624,867
Residential Remodel
31
$988,351
32
$576,257
26
$829,067
28
$729,683
25
$651,221
28
$754,916
Commercial Remodel
5
$173,300
7
$520,234
7
$1,568,300
7
$309,490
3
$79,500
6
$530,165
Public
-
-
Miscellaneous Total
22 71
$315,891 $6,208,875
23 91
-
-
-
1
$17,000
1
$275,000
$253,908 $14,080,379
17 73
$202,332 $11,127,199
12 68
3,628,100 $10,485,173
10 63
$157,300 $9,400,583
17 72
-
-
$58,400 $911,506 $10,260,442
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
SEASONALLY ADJUSTED UNEMPLOYMENT RATES Apr 2020
Minnesota
Mar 2020
Apr 2019
2.9%
3.2%
North Dakota
Source: F-M Area Association of Realtors Dilworth, Fargo, Moorhead, West Fargo | Single-Family, Condo, Townhouse, Twin Home, Duplex
May 27, 2020 YTD
May 27, 2019 YTD
% change
$240,190
$234,219
2.5%
$206,563,300
$199,554,823
3.5%
129
120
7.5%
731
732
-0.1%
Home Prices
Source: bls.gov
8.1%*
LOCAL REAL ESTATE
Closed MLS Volume
Source: bls.gov
8.5%*
United States
2.0%
2.3%
4.4%
3.8%
Closed MLS Volume - New Construction
Source: bls.gov
14.7%
Fargo-Moorhead
Closed MLS Volume - Existing Residential Units
Source: bls.gov
Not available
2.1%
2.4%
FRAMING LUMBER PRICES Source: National Association of Home Builders
*Preliminary
Date
MORTGAGE RATES - APR Source: Wells Fargo as of May 27, 2020
Mar 13
30-Year Fixed
3.236%
15-Year Fixed
2.700%
Mar 27
30-Year Jumbo
3.314%
Apr 10
30-Year Fixed VA 5-Year ARM
Minnesota
Mar 2019
North Dakota
$322.30
2.908%
Apr 3
$358
$264.10
Apr 17
$349
$332.60
$361
$326.30
-5%
341
151
126%
292,584
13%
United States Source: NAHB
Fargo-Moorhead
$381
$311.30
$348
Apr 24
$322.10
$353
May 1
May 8
$322.30
$382
May 15
$342.60
$406
$344.60
NATIONAL HOUSING MARKET INDEX Source: National Association of Home Builders
Source: NAHB
329,393
$330.10
$403
% change
5,002
$421
Mar 20
Source: NAHB
4,749
CME Futures
3.255%
SINGLE AND MULTI-FAMILY BUILDING PERMITS Mar 2020
Lumber Composite Price
Source: NAHB
183
32
472%
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.
Mar 2020
Apr 2020
May 2020
72
30
37
National Midwest
67
25
preliminary
32
U.S. REGULAR GASOLINE PRICES (DOLLARS PER GALLON) Source: Energy Information Administration
U.S.
Midwest
Apr 27
$1.870 $1.539
May 4
May 11
May 18
May 25
$1.633
$1.808
$1.841
$1.943
$1.883
$1.941
$1.969
$2.049
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.
Issue 2 | May 29, 2020
7
Home Builders Association of F-M 1802 32nd Ave. S. Fargo, N.D. 58103
OSHA Reverses Course, Requires Employers To Track COVID-19 Cases
From NAHB Now - May 22, 2020 The U.S. Occupational Safety and Health Administration this week announced a significant reversal of previous policy on an employer’s obligation to record work-related cases of COVID-19 on OSHA injury and illness logs. The new requirements go into effect Tuesday, May 26. As with the previous guidance, OSHA acknowledged that it will be difficult to establish that a particular COVID-19 case is “work-related.” But the new guidance does place additional obligations on most employers to conduct an investigation and to make a reasonable determination as to whether the illness was transmitted on the job. It should be noted that the new guidance applies only to employers currently subject to OSHA’s recordkeeping requirements. Due to employee size limitations, many home builders are exempt from most of the new requirements.
NAHB Now is the National Association of Home Builders’ blog. Access the full stories at nahbnow.com. 8
In A Positive Sign, New Home Sales Hold Steady In April
From NAHB Now - May 26, 2020 In a sign that the housing market is stabilizing in the wake of the COVID-19 pandemic, sales of newly built, single-family homes rose 0.6% to a seasonally adjusted annual rate of 623,000 units in April, according to newly released data by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. The April rate is 6.2% lower than the April 2019 pace. “The April data for new home sales show the potential for housing to lead any recovery for the overall economy,” said NAHB Chairman Dean Mon. “Because the housing industry entered this downturn underbuilt, there exists considerable pent-up housing demand on the sidelines. The experience of the virus mitigation has emphasized the importance of home for most Americans.” “The April estimates from Census came in better than forecast, so there is a possibility of a downward revision in the next release,” said NAHB Chief Economist Robert Dietz. “Nonetheless, the data matches recent commentary from builders and reflects recent gains in mortgage applications. Despite significant challenges in overall economic conditions, the months’ supply held steady at a reasonably healthy level of 6.3.”
Permits Plus