Permits Plus Issue 2 2022 by Home Builders Association of F-M

ISSUE 2 | MAY 26 2022

Permits PLUS

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.

FOR YOUR CALENDAR June 2 Parade Celebration June 6-10 and 13-17 Herdina Construction Trades Camp July 18 Fall Lineup entry early deadline (Downtown Living Tour, Fall Parade of Homes, Remodeled Home Tour) July 26 Lunch Session: Mock OSHA Jobsite Inspection July 28 HBA Golf Outing Aug. 15 High Noon Shootout Aug. 1 Fall Lineup entry regular deadline (Downtown Living Tour, Fall Parade of Homes, Remodeled Home Tour) Aug 22 HBA Golf Outing

Visit the calendar at hbafm.com to register.

Did you know: HBA of F-M has a year-end report for purchase by members only? It includes detail on new home builders’ permit activity as well as new housing and commercial permits by value/community. Cost is $100: call (701) 232-5846 or email info@hbafm.com for details.

Recordings of HBA Candidate Panels available

Your HBA of F-M hosted candidate panel meetings in April for members to learn about those running for Fargo mayor and two Fargo commission seats. The election is June 14. Visit the Home Builders Association of F-M’s Youtube channel to watch.

Voting in Cass County

Cass County will be conducting the June 14, 2022, Primary Election as a vote center election with several vote center locations available throughout the county. Voters may also vote during the “Early Voting” period or by absentee ballot. Ballots are only sent to citizens that have completed an application that has been verified by the Cass County Finance Office. If you are unsure if you asked for a ballot for June to be mailed to you, call (701) 241-5600 to verify. For more details, visit www.casscountynd.gov/our-county/financeoffice/elections/2022-primary-election The following Early Voting locations are open to any eligible Cass County Voter 10 a.m. - 6 p.m. each day June 6 - June 10: • Fargodome, 1800 University Dr N, Fargo • West Acres Community Corner (Roger Maris Entrance), 3902 13th Ave S, Fargo • Doubletree Inn, 825 E Beaton Dr, West Fargo

Important alert for contractors from Cass County Electric

The message reads in part, “If you are planning on any new projects and have not been in contact with Cass County Electric, we want you to be aware that we are currently seeing lead times on many items out 52 weeks or more that would be required to serve a new development, building or home. This means some projects may not see power until 2023.” To read more, visit www.casscountyelectric.com/contractorinformation.

Shocking new data on opioids

More than 107,000 Americans died from drug overdoses in 2021, a new high for the United States as communities across the nation remain in the grip of a decades-long deadly opioid epidemic, according to new provisional data released May 11 by the Centers for Disease Control and Prevention. Visit nahb.org to learn more about what the National Association of Home Builders is doing to help you address worker safety and risk management. Content compiled by Krista Mund Executive Vice President | kristam@hbafm.com

HBA OF F-M + 1802 32ND AVE S + FARGO ND 58103 + (701) 232-5846 + HBAFM.COM + INFO@HBAFM.COM

Watch the info session on our newest member benefit.

YOU LIKE RECEIVING PERMITS PLUS!

Visit Youtube and search “Home Builders Association of F-M”

SO DO THOUSANDS OF OTHER HBA MEMBERS AND LOCAL OFFICIALS.

Our 401(k) PEP Plan can help you stay focused on your business by taking on administrative and fiduciary responsibilities.

Contact Spencer Carlson at 701.232.5846 or spencer@hbafm.com for details. 2

SEE YOUR AD HERE CONTACT SPENCER CARLSON FOR DETAILS. 701.232-5846 | SPENCER@HBAFM.COM

Permits Plus

ISSUE 2 | MAY 26 2022

See the next page for detailed year-to-date statistics for the FargoMoorhead area and surrounding communities through March 2022.

local stats at a

GLANCE

March Top Cities For Housing Permits 60

HORACE

Single Family

FARGO

permits authorized

WEST FARGO

36%

compared to 2021

CASSELTON

HAWLEY

F-M & Surrounding Area Housing Activity 136

2021

214

2018

64 22 41

Twin Home 6

Single Family 116

YTD M a r c h 202 2

2020 2019

136 rts: Sta ng

2022

Tota lH Row ou si House

Housing Permits Authorized Year-To-Date December 2018 - 2022

Issue 2 | May 26, 2022

Home Builders Association of Fargo-Moorhead Summary of Building Permits Granted 2022 - Year-to-Date (March)

Each month, Home Builders Association of Fargo-Moorhead contracts with Brady Martz & Associates, P.C., to compile the building permits into a uniform report. It includes a grand total on this page for all jurisdictions, types of construction, valuations and comparisons. On pages 2-5, jurisdictions are broken down into further detail as follows: Primary: Fargo, Moorhead, West FargoNoted in Yellow on Page 2 Bordering: Dilworth, HoraceNoted in Blue on Page 3 Neighboring: Barnesville, Casselton, Harwood, Hawley, Kindred, Mapleton, OxbowNoted in Green on Pages 4 and 5

  

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

2018 Permits

41 41 2 21 277 118 3 25 487

Units

2019 Value Permits

$11,101,083 $11,101,083 $2,270,000 $22,270,088 $5,989,401 $29,351,585 $567,000 $3,793,572 $75,342,729

22 22 13 232 124 5 18 414

Units

2020 Value Permits

$6,989,198 $6,989,198 $13,528,525 $5,586,738 $30,407,210 $2,366,710 $1,731,689 $60,610,070

64 64 1 12 261 155 6 37 536

Units

2021 Value Permits

$19,701,261 $19,701,261 81 $8,138,242 $18,089,657 $4,978,277 $69,602,635 $23,179,848 $2,734,897 $146,424,817

214 185 24 5 3 31 418 143 14 62 885

Units

2022 Value Permits

$62,460,320 $49,676,783 $4,900,000 5 $7,883,537 234 $33,518,625 $121,642,474 $7,765,290 $28,813,517 $14,813,126 $3,454,649 $272,468,001

136 116 6 14 16 244 124 9 42 571

Units

% Difference 21-22 Value Permits

$42,220,207 $34,119,047 $2,127,080 14 $5,974,080 $37,717,290 $5,749,719 $35,248,532 $24,513,247 $7,243,300 $152,692,295

-36% -37% -75% 180% -100% -48% -42% -13% -36% -32% -35%

-32% -31% -57% -24% -100% -69% -26% 22% 65% 110% -44%

The HBA of F-M has additional year-end reports available for purchase by members only. They include detail on new home builders’ permit activity, new housing and commercial permits by value and community. Cost is $100. Contact (701) 232-5846 or info@hbafm.com for details.

Permits Plus

The HBA of F-M nurtures a thriving, innovative, and diverse housing industry in our community. It is a non-profit trade association of just under 750 members that has been in existence since 1956.

1802 32nd Ave S | Fargo, ND 58103 | (701) 232-5846 | info@hbafm.com | hbafm.com

5-Yr Avg

Value Permits

95 86 6 4 1 19 286 133 7 37 579

Units

Value

$28,494,414 $24,317,474 $1,405,416 4 $2,771,523 68 $8,785,373 $42,649,607 $6,013,885 $38,684,696 $13,087,986 $3,791,621 $141,507,582

Issue 2 | May 26, 2022

Home Builders Association of Fargo-Moorhead Summary of Building Permits Granted 2022 - Year-to-Date (March) Page 2 Primary Communities FARGO, ND

2018 Permits

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

9 9 1 15 161 96 2 13 297

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

4 4 1 4 64 11 2 86

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

18 18 2 35 8 1 1 65

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

31 31 2 21 260 115 3 16 448

MOORHEAD, MN

WEST FARGO, ND

TOTAL - Primary

5/1/2022

Units

2019 Value Permits

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

7 7 6 135 89 2 13 252

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

2 2 4 47 14 3 70

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

9 9 2 33 18 2 2 66

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

18 18 12 215 121 4 18 388

Units

2020 Value Permits

Units

2021 Value Permits

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

35 35 1 7 127 104 4 26 304

$9,318,789 $9,318,789 81 $8,138,242 $9,398,552 $2,896,818 $62,066,077 $22,322,056 $2,572,377 $116,712,911

78 58 20 1 13 226 99 11 31 459

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

7 7 71 27 2 107

$1,983,000 $1,983,000 $821,259 $1,716,478 $4,520,737

19 15 4 1 2 92 22 6 142

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

12 12 4 51 21 1 3 92

$4,116,709 $4,116,709 $7,616,105 $878,084 $5,716,580 $582,792 $83,720 $18,993,990

$5,747,298 $5,747,298 $13,484,525 $5,169,225 $30,227,910 $2,349,710 $1,731,689 $58,710,357

54 54 1 11 249 152 5 31 503

$15,418,498 $15,418,498 81 $8,138,242 $17,014,657 $4,596,161 $69,499,135 $22,904,848 $2,656,097 $140,227,638

Units

2022 Value Permits

$19,957,933 $15,857,933 $4,100,000 152 $22,000,000 $114,033,979 $4,543,679 $24,194,223 $13,956,526 $3,237,210 $201,923,550

56 45 2 9 10 113 75 8 22 284

$4,365,300 $3,565,300 $800,000 $7,918,625 $1,400,000 $933,131 $2,941,159 $20,000 $17,578,215

1 74 21 3 99

45 40 5 12 75 14 3 2 151

$20,120,447 $12,236,910 5 $7,883,537 $3,445,000 $1,851,022 $1,147,680 $856,600 $20,000 $27,440,749

18 18 3 35 22 1 3 82

142 113 24 5 2 27 393 135 14 39 752

$44,443,680 $31,660,143 $4,900,000 5 $7,883,537 198 $29,918,625 $118,878,979 $7,327,832 $28,283,062 $14,813,126 $3,277,210 $246,942,514

74 63 2 9 14 222 118 9 28 465

No assurance is provided. Permit information reported here may have changed. For the most current permit information, please contact the individual cities.

Units

% Difference 21-22 Value Permits

5-Yr Avg

Value Permits

Units

Value

$13,410,022 $11,430,022 $360,000 $1,620,000 $28,611,000 $2,918,353 $16,123,910 $24,353,247 $6,555,502 $91,972,034

-28% -22% -90% -100% -23% -50% -24% -27% -29% -38%

-33% -28% -91% -100% -75% -36% -33% 74% 103% -54%

37 31 4 2 1 10 152 93 5 21 320

$9,519,668 $8,303,668 $892,000 2 $324,000 49 $6,281,648 $35,986,097 $3,612,306 $30,903,400 $12,511,806 $3,415,130 $102,230,055

$3,600,000 $1,101,534 $9,714,027 $14,415,561

-100% -100% -100% -100% -50% -20% -5% -50% -30%

-100% -100% -100% -100% 157% 18% 230% -100% -18%

7 6 1 2 70 19 3 101

$1,581,660 $1,421,660 $160,000 $1,783,725 $2,366,532 $874,348 $3,633,180 $4,000 $10,243,445

$8,330,700 $8,330,700 $2,051,290 $1,263,921 $8,229,595 $160,000 $168,000 $20,203,506

-60% -55% -100% -75% -53% 57% -67% 50% -46%

-59% -32% -100% -40% -32% 617% -81% 740% -26%

20 19 1 5 46 17 2 2 92

$21,740,722 $19,760,722 $360,000 9 $1,620,000 $34,262,290 $5,283,808 $34,067,532 $24,513,247 $6,723,502 $126,591,101

-48% -44% -92% 80% -100% -48% -44% -13% -36% -28% -38%

-51% -38% -93% -79% -100% -71% -28% 20% 65% 105% -49%

64 56 5 3 1 17 268 128 7 26 511

9 -

1 -

$7,808,028 $6,231,320 $1,576,707 $2,829,479 $1,065,598 $3,661,865 $517,780 $198,498 $16,081,248

$18,909,356 $15,956,649 $1,052,000 3 $1,900,707 61 $8,065,373 $41,182,108 $5,552,252 $38,198,445 $13,029,586 $3,617,628 $128,554,748

Home Builders Association of Fargo-Moorhead Summary of Building Permits Granted 2022 - Year-to-Date (March) Page 3 Bordering Communities DILWORTH, MN

2018 Permits

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

1 1 2

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

5 5 2 7

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

5 5 3 1 9

HORACE, ND

TOTAL - Bordering

Permits Plus

5/1/2022

Units

2019 Value Permits

3 3

$1,031,500 $1,031,500 $27,000 $1,058,500

4 4 2 6

$1,031,500 $1,031,500 $27,000 $1,058,500

4 4 5 9

Units

2020 Value Permits

$23,800 $23,800

1 1 1 5 1 1 9

$1,241,900 $1,241,900 $105,780 $1,347,680

3 3 2 5

$1,241,900 $1,241,900 $129,580 $1,371,480

4 4 1 7 1 1 14

Units

2021 Value Permits

$450,000 $450,000 $1,075,000 $18,000 $25,000 $1,568,000

2 2 2 2 3 1 10

$794,047 $794,047 $17,040 $811,087

55 55 2 9 1 7 74

$1,244,047 $1,244,047 $1,075,000 $35,040 $25,000 $2,379,087

57 57 4 11 4 8 84

Units

2022 Value Permits

$810,000 $810,000 $726,900 $4,000 $250,000 $6,000 $1,796,900

1 1 1 3

$13,688,660 $13,688,660 $2,036,595 $38,940 $58,000 $9,000 $15,831,195 $14,498,660 $14,498,660 $2,763,495 $42,940 $308,000 $15,000 $17,628,095

No assurance is provided. Permit information reported here may have changed. For the most current permit information, please contact the individual cities.

Units

% Difference 21-22 Value Permits

5-Yr Avg

Value Permits

$23,404 $100,000 $123,404

-100% -100% -100% -50% -67% -70%

-100% -100% -100% 485% -60% -100% -93%

1 1 1 2 1 1 6

60 51 4 5 2 15 3 4 84

$19,579,485 $13,458,325 $1,767,080 5 $4,354,080 $3,455,000 $269,264 $246,000 $383,000 $23,932,749

9% -7% 67% 200% -43% 14%

43% -2% 70% 591% 324% 4156% 51%

25 24 1 1 1 6 1 2 36

60 51 4 5 2 16 4 5 87

$19,579,485 $13,458,325 $1,767,080 5 $4,354,080 $3,455,000 $292,668 $346,000 $383,000 $24,056,153

5% -11% -50% 45% -38% 4%

35% -7% 25% 582% 12% 2453% 36%

26 24 1 1 1 8 2 3 40

Units

1 -

Value

$252,000 $252,000 $360,380 $13,841 $75,000 $1,200 $702,421 $7,267,118 $6,042,886 $353,416 $870,816 $1,098,319 $91,605 $60,800 $78,400 $8,596,242 $7,519,118 $6,294,886 $353,416 $870,816 $1,458,699 $105,446 $135,800 $79,600 $9,298,663

Issue 2 | May 26, 2022

Home Builders Association of Fargo-Moorhead Summary of Building Permits Granted 2022 - Year-to-Date (March) Page 4 Neighboring Communities BARNESVILLE, MN Total Housing Starts Single Family Twin Home Row / Town House Duplex Multi-Family New Commercial Residential Remodel Commercial Remodel Public Miscellaneous

2018 Permits

Total

8 1 7 16

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

1 1 3 1 5

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

1 1 2

CASSELTON, ND

HARWOOD, ND

HAWLEY, MN

5/1/2022

Units

2019 Value Permits

$95,918 $75,000 $89,431 $260,349

8 3 11

$298,000 $298,000 $111,900 $350,000 $759,900

1 1

$12,000 $4,500 $16,500

Units

2020 Value Permits

$179,733 $179,300 $359,033

1 4 5

$17,000 $17,000

3 1 4

1 1

Units

2021 Value Permits

$131,476 $3,500 $64,800 $199,776

1 1 4 10 15

$135,000 $275,000 $410,000

4 3 3 10

$14,000 $14,000

1 1 1 1 2

Units

2022 Value Permits

$266,500 $266,500 $36,750 $42,439 $345,689

3 3

$135,000 $217,455 $110,000 $462,455

1 1 3 2 5 11

$6,768 $6,768 $3,600,000 $3,000 $3,603,000

No assurance is provided. Permit information reported here may have changed. For the most current permit information, please contact the individual cities.

1 1 1

Units

% Difference 21-22 Value Permits

5-Yr Avg

Value Permits

$13,210 $13,210

-100% -100% -100% -70% -80%

-100% -100% -100% -69% -96%

4 1 5 10

$600,000 $600,000 $135,000 $835,000 $123,438 $1,693,438

-25% -33% 67% 10%

284% 12% 266%

3 1 2 6

-100% -100%

-100% -100% -50%

-100% -100% -92%

1 1

$300,000 $300,000 $300,000

Units

Value

$53,300 $53,300 $88,775 $51,560 $41,976 $235,611 $179,600 $179,600 $103,380 $280,491 $58,400 $46,688 $668,559 $1,354 $1,354 $60,000 $60,000 $720,000 $2,400 $4,300 $786,700

Home Builders Association of Fargo-Moorhead Summary of Building Permits Granted 2022 - Year-to-Date (March) Page 5 Neighboring Communities KINDRED, ND

2018 Permits

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

1 1

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

1 1 2 3

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

3 3 3

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

5 5 14 3 8 30

MAPLETON, ND

OXBOW, ND

TOTAL - Neighboring

Permits Plus

5/1/2022

Units

2019 Value Permits

$45,349 $45,349

3 3

$700,000 $700,000 $325,000 $1,025,000

1 1 2

$1,875,000 $1,875,000 $1,875,000

$2,873,000 $2,873,000 $578,167 $437,000 $93,931 $3,982,098

1 12 3 1 17

Units

2020 Value Permits

$26,200 $26,200

2 2 1 3

$44,000 $82,000 $126,000

1 1 1

$44,000 $287,933 $179,300 $17,000 $528,233

3 3 2 5 6 6 5 2 1 5 19

Units

2021 Value Permits

$954,716 $954,716 $75,000 $1,029,716

1 1 2 1 4

$254,000 $254,000 $254,000

13 13 2 1 16

$1,830,000 $1,830,000 $80,600 $1,910,600

1 1

$3,038,716 $3,038,716 $347,076 $78,500 $275,000 $78,800 $3,818,092

15 15 1 14 4 15 49

Units

2022 Value Permits

$236,040 $236,040 $108,500 $7,000 $351,540 $3,015,440 $3,015,440 $42,500 $5,000 $3,062,940

2 1 3 -

$65,000 $65,000

1 1

$3,517,980 $3,517,980 $3,600,000 $394,518 $222,455 $162,439 $7,897,392

2 2 6 2 9 19

No assurance is provided. Permit information reported here may have changed. For the most current permit information, please contact the individual cities.

Units

% Difference 21-22 Value Permits

$34,000 $150 $34,150 $4,243 $4,243 $900,000 $900,000 $173,243 $835,000 $136,798 $2,045,041

5-Yr Avg

Value Permits

-100% -100% -25%

-100% -100% -69% -98% -90%

1 1 2 3

-100% -100% -100% -100% -100%

3 3 1 4

-93% -93%

1 1 1 2

-74% -74% -100% -56% 275% -16% -74%

6 6 10 3 7 26

-87% -87% -100% -57% -50% -40% -61%

Units

Value

$238,151 $238,151 $42,810 $15,000 $1,430 $297,391 $793,888 $793,888 $8,800 $89,900 $1,000 $893,588 $741,000 $741,000 $29,969 $770,969 $2,065,939 $2,065,939 $720,000 $8,800 $356,187 $350,451 $58,400 $94,394 $3,654,171

Moorhead Building Inspections Department releases new option for frost protected foundations

“A revised option provides for the attached garage to remain unheated or to be heated without the requirement of additional insulation installed on the foundation walls.

“This new option may only be used on the attached HBA of F-M members and Development leaders met Department with Moorhead Community │ Building Codes Office │ City Hall – 4athfrost-protected Floor garage of homes with foundation. The Building Official500 Mike Moss April│PO 14 regarding Center Avenue Box 779 │ Moorhead, MNdiagram 56561-0779 │ 218-299-5424 below illustrates │www.cityofmoorhead.com a garage wall section to help questions that arose during the HBA’s Building Officials with clarification. These are minimum measurements Roundtable earlier in the month. The result is a letter for code compliance. and clarification offering an additional option for frost Greetings, “This construction method will be allowed, if this protected shallow foundations for attached garages. design option is called out specifically on the house Thehas letter from Moss was distributed to the industry There been a lot of discussion on possible options for frost protected shallow foundations forfor an aattached plans when you are submitting permit.”garage April 22, 2022, and reads in part: of “There been a foundation. Minnesota Department Laborhas and Industry has developed new guidelines to meet theDepartment ASCE 32 To read the full letter and the Minnesota lot of discussion on possible options for frost protected standards. A revised option provides for the attached garageoftoLabor remain unheated or to be heated without the and Industry guidelines, visit our Advocacy shallow foundations for an attached garage foundation. requirement additional of insulation installed on has the foundation walls.page Thisat new option may only be used on the Update www.members.hbafm.com/advocacy Minnesota of Department Labor and Industry and click the April 22, 2022,areport. attached garage of homes with a frost-protected foundation. The diagram below illustrates garage wall section to developed new guidelines to meet the ASCE 32 help with clarification. These are minimum measurements for code compliance. This construction method will be standards.

allowed, if this design option is called out specifically on the house plans when you are submitting for a permit.

The Fall Lineup is coming!

Another item which we will be requiring on the house plans at the time of submittal will be the location of the ufer ground rod (rebar) attached to the footing rebar. This will help the contractors to know ahead of time on placement and make it easier to find this rebar if it were to be accidentally cut-off or buried during construction. Moorhead Building Codes will start construction hours in May which will run through September. Our office will be open Monday thru Friday 7:00AM to 4:30PM. Office staff will be available for permit requests, plan submissions, and inspections scheduling. Please contact us with any questions, comments or concerns at 218-299-5424. We look forward to working with you this construction season! Sincerely,

Sept. 10

Michael Moss IssueOfficial 2 | May 26, 2022 Building

Sept. 17-18 & 24-25

Sept. 24-25 9

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Permits Plus

U.S. REGULAR GASOLINE PRICES (DOLLARS PER GALLON) Source: Energy Information Administration

U.S.

April 18

April 25

$3.938

$3.982

$3.915

Midwest

$3.959

SEASONALLY ADJUSTED UNEMPLOYMENT RATES Mar 21

Feb 22

Minnesota

Mar 22

*Preliminary

Source: bls.gov

3.7%

2.7%

North Dakota

2.5%*

May 2

$4.031

May 9

May 16

$4.143

$4.363

$4.161

$4.051

$4.32

SINGLE AND MULTI-FAMILY BUILDING PERMITS Mar 21

Minnesota

Mar 22

% change

7,729

-1%

314

-44%

431,909

165

-63%

Source: NAHB

7,841 North Dakota Source: NAHB

Source: bls.gov

4.3%

2.9%

United States

2.9%*

556

United States Source: NAHB

Source: bls.gov

6.0%

3.8%

Fargo-Moorhead

3.6%

407,337 Fargo-Moorhead Source: NAHB

Source: bls.gov

3.3%

2.1%

440

2.1%

MORTGAGE RATES - APR

NATIONAL HOUSING MARKET INDEX

Source: Wells Fargo as of May 12, 2022

Source: National Association of Home Builders

15-Year Fixed

4.550%

30-Year Fixed

5.167%

30-Year Fixed VA 15-Year Jumbo

4.811%

4.729%

LOCAL REAL ESTATE

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

May 12, 2021 YTD

May 12, 2022 YTD

% change

$260,723

$291,896

12%

$265,937,347

$224,468,385

-16%

171

-50%

849

683

-20%

Closed MLS Volume

Closed MLS Volume - New Construction Closed MLS Volume - Existing Residential Units

Issue 2 | May 26, 2022

Range is 0-100. *Preliminary

4.574%

30-Year Jumbo

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.

Feb 2022

Mar 2022

Apr 2022*

70 66

Northeast

South

National

Housing Market Index SF Sales: Present

SF Sales: Next 6 Mo

Prospective Buyer Traffic Regional HMI Midwest West

89 65

71 91

74 91

Home Builders Association of F-M 1802 32nd Ave S Fargo, ND 58103

JUNE 14 vote for housing IN FARGO Mayor Mayor Tim Mahoney

City Commission

NAHB Member Put your membership to work.

Exclusive discounts that benefit you, your business and your family

nahb.org/Savings

Commissioner Dave Piepkorn Denise Kolpack

Permits Plus