Permits Plus Issue 3 2020

Page 1

Issue 3 | Aug. 5, 2020

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

FOR YOUR CALENDAR Aug. 6 - NAHB Webinar: Will Tomorrow’s Cities Be Timber? Exploring Midrise Mass Timber Housing Aug. 11 HBA Golf Outing

Aug. 19 - NAHB Webinar House Plan Designs that Can Save You Thousands Sept. 2 - Coliving, Density & Multifamily Demand After COVID-19

Sept. 19-20 and 26-27 Fall Parade of Homes Oct. 1 Happy Hour

Oct. 29 Awards Gala & Annual Meeting

Visit the calendar at hbafm.com or www.nahb.org for details and to register.

DID YOU KNOW? NAHB.org has free resources for members to help keep jobsites safe, manage your business and continue working as the global pandemic progresses.

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.

Wall Bracing Tips From Fargo Inspections Available Online

An important item covered during May’s Building Officials Roundtable was braced-wall construction. No two houses are exactly alike when it comes to constructing them. Fargo’s building inspections department provided a best practices document to the HBA. Access it on the HBA of F-M’s membersonly website. Log in at www.hbafm.com/mza.

Local Jurisdictions Approve Over $7 Million For Career Workforce Academy

Cass County Career Workforce Academy organizers are pursuing a $5 million grant made available through the CARES Act. That effort included securing matching funding from the city of Fargo, city of West Fargo and Cass County. All three approved support now totaling over $7 million. HBA of F-M and Home Builders Care of F-M Foundation have each contributed $100,000 toward the academy (together, the organizations have committed to raise a total of $1 million). Organizers hope to break ground next year. If the labor shortage concerns you, investing in the Academy is another step toward confidence. Contact the HBA of F-M at info@hbafm.com or (701) 232-5846 for more details. HBA President Darrick Guthmiller, Kochmann Brothers Homes, Inc., says, “This is an economic issue. It isn’t just an educational issue. Our Association’s leaders believe that the Career Workforce Academy is the only option available to help solve the economic crisis our industry faces. Thank you to everyone who has given the Academy so much momentum. It’s time to finish up!”

Coronavirus Spike Nationwide, NAHB Urges Jobsite Safety

In an open letter to members in July, National Association of Home Builders Chairman Chuck Fowke urged contractors to recommit efforts to implement and maintain jobsite safety measures. NAHB, in collaboration with the Construction Industry Safety Coalition, developed a comprehensive Coronavirus Preparedness and Response Plan for Construction that outlines the steps every employer and employee should take to reduce the risk of exposure to and transmission of COVID-19. Visit www.nahb.org to access it, as well as many more resources. In addition, the Builders Association of Minnesota has since created and released a template to help members to create a preparedness plan specific to their own business to comply with the state of Minnesota’s requirements. Contact Mark Puppe at (701) 232-5846 or mark@hbafm.com to get a copy of BAM’s information.

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

349

344

-5

Percentage Difference -1%

328 10 11 0

336 2 6 0

8 -8 -5 0

2% -80% -45% 0%

June 2019 METRO PERMITS

METRO VALUE

OUTLYING PERMITS

OUTLYING VALUE

COMBINED STARTS COMBINED VALUE

2

Housing Single Family Twin Home Row / Town House Duplex

June 2020

Difference

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

1 52 830 313 24 85 1,654 $81,457,217

8 46 899 269 24 204 1,794 $88,385,530

7 -6 69 -44 0 119 140 $6,928,313

700% -12% 8% -14% 0% 140% 8% 9%

Single Family Twin Home Row / Town House Duplex

$77,461,217 $1,686,000 $2,310,000 $0

$86,804,694 $562,000 $1,018,836 $0

$9,343,477 -$1,124,000 -$1,291,164 $0

12% -67% -56% 0%

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

$11,600,000 $60,111,295 $13,079,280 $89,291,589 $20,165,728 $4,328,611 $280,033,720 53

$52,821,726 $92,686,652 $13,848,132 $93,985,284 $85,471,892 $19,557,807 $446,757,023 49

53 0 0 0

45 4 0 0

$41,221,726 $32,575,357 $768,852 $4,693,695 $65,306,164 $15,229,196 $166,723,303

355% 54% 6% 5% 324% 352% 60%

-4 -8 4 0 0

-8% -15% N/A 0% 0%

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

0 2 71 12 1 27 166 $16,805,710

0 3 68 5 2 51 178 $14,989,292

0 1 -3 -7 1 24 12 -$1,816,418

0% 50% -4% -58% 100% 89% 7% -11%

Single Family Twin Home Row / Town House Duplex

$16,805,710 $0 $0 $0

$14,389,292 $600,000 $0 $0

-$2,416,418 $600,000 $0 $0

-14% N/A 0% 0%

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

$0 $120,200 $2,527,216 $4,313,490 $17,000 $3,714,651 $27,498,267

$0 $920,000 $1,326,645 $104,500 $340,000 $498,552 $18,178,989

$0 $799,800 -$1,200,571 -$4,208,990 $323,000 -$3,216,099 -$9,319,278

0% 665% -48% -98% 1900% -87% -34%

1,820

1,972

152

8%

$307,531,987

$464,936,012

$157,404,025

51%

Permits Plus


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4115 32nd Ave. SW Fargo, ND 701-492-0292

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609 Main Avenue Moorhead, MN

218.233.6104

2019 Permit Data Detail Available To Members Only - Get It Today!

• Year-end summary (new residential and commercial) - $35 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. • Housing and new commercial by permit price - $50 Access new housing and commercial activity broken out by permit prices and types of construction in each community we track. • Both reports - $75 Contact Tahra Doll at (701) 232-5846 or tahra@hbafm.com.

Issue 3 | Aug. 5, 2020

3


4

Permits Plus

77 51 2 12 4 12 279 44 21 437 261 218 24 19 6 25 598 185 24 192 1,291 226 161 34 8 19 247 44 6 12 554 571 437 60 27 12 10 56 1160 274 30 233 2,334

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

7 7 36 1 8 52

Permits

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

DILWORTH

53 51 2 14 229 49 11 356

5 5 2 27 2 8 44

175 130 45 7 231 31 4 8 456

$135,719,785 430 $110,054,180 361 $12,131,933 65 50 $9,933,672 4 24 $3,600,000 262 $23,727,655 8 $60,378,141 44 $17,362,695 1100 $84,402,251 271 $67,195,526 11 $17,877,995 187 $406,664,048 2,051

$53,619,983 $41,012,650 $8,267,333 31 $4,340,000 $23,699,060 $3,742,101 $4,327,825 $29,629,090 $2,783,718 $117,801,777

$65,128,902 197 $56,120,630 175 $3,414,600 18 19 $5,593,672 4 226 $20,943,900 8 $25,566,323 21 $9,759,179 613 $39,031,520 189 $37,566,436 7 $14,761,684 160 $212,757,944 1,195

24 36

-

$1,595,900 $1,595,900 $245,867 $750,000 $45,000 $2,636,767

Value Permits

$15,375,000 $11,325,000 $450,000 $3,600,000 $2,783,755 $11,112,758 $3,615,548 $40,292,906 $287,593 $73,467,560

2016 Units

$11,074,500 $10,824,500 $250,000 $52,383,427 $2,799,370 $10,971,042 $107,000 $77,335,339

$721,000 $721,000 $3,456,413 $165,304 $79,385 $4,422,102 71 63 8 3 9 241 54 21 399

6 6 15 3 9 33

Value Permits

154 134 20 1 12 194 20 4 31 416

$99,307,801 375 $84,470,801 329 $14,377,000 46 4 $460,000 368 $28,415,400 13 $99,852,888 58 $16,451,109 968 $41,980,652 270 $15,587,337 24 $12,061,952 190 $313,657,139 1,898

-

$41,209,210 $29,978,210 $11,231,000 $10,124,458 $3,386,173 $3,118,767 $12,337,098 $421,045 $70,596,751

$46,303,091 144 $42,947,091 126 $2,896,000 18 4 $460,000 368 $28,415,400 9 $33,888,590 37 $10,100,262 518 $27,811,458 193 $3,250,239 20 $11,533,907 129 $161,302,947 1,050

-

-

Units

2017

$14,517,087 $13,097,087 $1,420,000 $11,750,000 $6,893,660 $2,178,699 $28,445,742 $159,697 $63,944,885

$1,660,000 $1,660,000 $82,007 $251,815 $22,000 $2,015,822

113 109 4 1 20 164 34 6 20 358 $88,415,875 349 $79,482,075 328 $8,933,800 10 11 555 $62,826,695 1 $65,571,617 52 $14,446,124 830 $80,294,260 313 $56,489,161 24 $24,063,705 85 $392,107,437 1,654

30

$35,074,333 $32,074,333 $3,000,000 $7,500,000 $21,740,362 $2,746,666 $5,185,135 $9,898,086 $863,424 $83,008,006

154 143 11 20 438 230 18 49 909

71 65 6 12 212 46 13 354

11 11 16 3 3 33

Value Permits

$37,164,455 $32,650,655 $4,513,800 415 $43,576,695 $36,937,595 $9,438,752 $46,411,568 $46,591,075 $23,018,584 $243,138,724

110

-

Units

2018

$13,798,332 $12,612,332 $1,186,000 $6,277,161 $2,556,589 $21,728,632 $86,500 $44,447,214

$2,518,002 $2,518,002 $110,695 $20,000 48,000 $2,696,697

107 105 2 15 172 37 3 43 377 $81,457,217 344 $77,461,217 336 $1,686,000 2 11 $2,310,000 6 36 $11,600,000 8 $60,111,295 46 $13,079,280 899 $89,291,589 269 $20,165,728 24 $4,328,611 204 $280,033,720 1,794

36

$28,395,000 $27,895,000 $500,000 $11,600,000 $21,895,000 $2,517,316 $10,040,970 $1,718,370 $2,250,920 $78,417,576

176 170 6 8 25 451 177 21 131 989

55 55 5 260 54 14 388

6 6 1 16 1 16 40

Value Permits

$36,745,883 $34,435,883 11 $2,310,000 $31,939,134 $7,894,680 $57,501,987 $18,447,358 $1,943,191 $154,472,233

-

-

Units

2019

Home Builders Association of Fargo-Moorhead

F-M Metro Summary of Building Permits Granted 2020 - Year-to-Date (June)

$88,385,530 $86,804,694 $562,000 6 $1,018,836 483 $52,821,726 $92,686,652 $13,848,132 $93,985,284 $85,471,892 $19,557,807 $446,757,023

-

$28,177,079 $27,615,079 562,000 $16,466,315 $2,331,555 $14,874,535 $2,694,492 $2,444,640 $66,988,616

$46,575,851 $45,557,015 6 $1,018,836 483 $52,821,726 $59,061,109 $8,670,335 $72,137,598 $82,777,400 $16,898,681 $338,942,700

-

-

$1,735,000 $1,735,000 $1,075,000 $191,040 $25,000 $58,250 $3,084,290

Value

$11,897,600 $11,897,600 $16,084,228 $2,655,202 $6,948,151 $156,236 $37,741,417

2020 Units

414 358 37 10 2 7 52 992 279 23 180 1,947

155 128 21 2 15 202 33 5 23 433

186 166 12 8 6 26 524 195 18 132 1,087

66 57 4 2 1 10 244 49 16 386

7 7 1 22 2 9 41

Permits

14 5 340

6 13

8 298

5 29

-

Value

$1,645,980 $1,645,980 $906,283 $158,983 $225,240 $34,650 $2,971,136

$98,657,242 $87,654,593 $7,538,147 $2,744,502 $720,000 $35,878,295 $75,720,119 $15,037,469 $77,990,807 $48,981,929 $15,578,013 $367,843,874

$37,295,121 $31,715,054 $4,712,067 $868,000 $3,820,000 $18,785,039 $2,944,762 $7,509,446 $11,255,427 $1,752,749 $83,362,544

$46,383,637 $42,342,255 $2,164,880 $1,876,502 $29,151,544 $37,478,550 $9,172,642 $48,578,826 $37,726,502 $13,631,209 $222,122,910

$13,332,504 $11,951,304 $661,200 $720,000 $2,906,751 $18,550,247 $2,761,082 $21,677,295 $159,405 $59,387,284

5-Yr Avg Units


Home Builders Association of Fargo-Moorhead

Outlying Communities Summary of Building Permits Granted 2020 - Year-to-Date - Page 1 (June) 2016 BARNESVILLE, MN Total Housing Starts

Permits

Units

6

$1,575,000

Single Family

6

Twin Home

-

Row/Town House

-

-

2018

2017 Value Permits

Units

Value Permits

1

$304,000

$1,575,000

1

-

-

-

-

-

Units

2019 Value Permits

9

$1,604,757

$304,000

9

-

-

-

-

-

Units

2020 Value Permits

6

$1,100,000

$1,604,757

6

-

-

-

-

-

Units

5-Yr Avg Value

8

$1,844,000

$1,100,000

8

-

-

-

-

-

Permits

Units

Value

6

$1,285,551

$1,844,000

6

$1,285,551

-

-

-

-

-

-

Duplex

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Multi-Family

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

New Commercial

-

-

1

$96,000

1

$160,000

1

$76,200

1

$70,000

1

$80,440

27

$373,800

24

$207,948

19

$211,618

39

$707,919

31

$500,146

28

$400,286

Commercial Remodel

5

$60,500

2

$7,545

2

$1,062,000

7

$315,490

1

$3,500

3

$289,807

Public

-

-

-

-

2

$1,255,193

-

-

-

-

-

$251,039

18 56

$127,591 $2,136,891

10 38

$12,508 $628,001

26 59

$395,132 $4,688,700

3 56

$2,199,609

29 70

$240,527 $2,658,173

17 55

$155,152 $2,462,275

Residential Remodel

Miscellaneous Total CASSELTON, ND Total Housing Starts

1

$311,000

2

$459,000

2

$1,048,000

1

$385,885

1

$200,000

1

$480,777

Single Family

1

$311,000

2

$459,000

2

$1,048,000

1

$385,885

1

$200,000

1

$480,777

Twin Home

-

-

-

-

-

-

-

-

-

-

-

Row/Town House

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Duplex

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Multi-Family

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

New Commercial

1

$50,000

1

$140,434

-

-

-

-

1

$835,000

1

$205,087

Residential Remodel

22

$273,715

10

$198,116

8

$307,600

4

$56,500

8

$191,610

10

$205,508

Commercial Remodel

2

$52,000

1

$95,000

2

$374,300

3

$2,733,000

1

$15,000

2

$653,860

Public

1

$1,470,600

2

$23,359,647

-

-

1

$17,000

1

$275,000

1

$5,024,449

3 30

$52,000 $2,209,315

16

$24,252,197

12

$1,729,900

9

$3,192,385

9 21

$78,825 $1,595,435

2 17

$26,165 $6,595,846

Miscellaneous Total HARWOOD, ND Total Housing Starts

1

$180,000

1

$220,000

2

$518,000

-

-

-

-

1

$183,600

Single Family

1

$180,000

1

$220,000

2

$518,000

-

-

-

-

1

$183,600

Twin Home

-

-

-

-

-

-

-

-

-

-

-

Row/Town House

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Duplex

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Multi-Family

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

New Commercial

-

-

-

-

-

-

-

-

-

-

-

-

Residential Remodel

1

$1,800

1

$10,000

6

$78,500

-

-

1

$75,000

2

$33,060

Commercial Remodel

-

-

-

-

-

-

-

-

-

-

-

-

Public

-

-

-

-

-

-

-

-

-

-

-

-

Miscellaneous Total

3 5

$190,600 $372,400

2 4

$137,000 $367,000

8

$596,500

-

-

1 2

$37,000 $112,000

1 4

$72,920 $289,580

HAWLEY, MN Total Housing Starts

3

$800,000

2

$540,000

-

-

5

$1,320,000

3

$960,000

3

$724,000

Single Family

3

$800,000

2

$540,000

-

-

5

$1,320,000

3

$960,000

3

$724,000

Twin Home

-

-

-

-

-

-

-

-

-

-

-

Row/Town House

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Duplex

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Multi-Family

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

New Commercial

1

$615,333

-

-

-

-

-

-

-

-

-

$123,067

Residential Remodel

4

$11,100

-

-

1

$4,000

1

$210,000

-

-

1

$45,020

Commercial Remodel

-

-

-

-

1

$12,000

-

-

-

-

-

$2,400

Public

-

-

-

-

-

-

-

-

-

-

-

-

4 12

$20,900 $1,447,333

11 13

$1,781,200 $2,321,200

11 13

$104,500 $120,500

5 11

$17,600 $1,547,600

8 11

$38,200 $998,200

8 12

$392,480 $1,286,967

Miscellaneous Total HORACE, ND Total Housing Starts

-

-

18

$6,036,435

26

$6,420,900

27

$8,626,300

14

$4,117,166

17

$5,040,160

Single Family

-

-

17

$5,636,435

26

$6,420,900

27

$8,626,300

14

$4,117,166

17

$4,960,160

Twin Home

-

-

1

$400,000

-

-

-

-

-

-

-

Row/Town House

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Duplex

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Multi-Family

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

New Commercial

-

-

2

$465,000

2

$650,000

-

-

-

-

1

$223,000

Residential Remodel

4

$204,036

13

$343,031

3

$113,000

11

$1,326,080

5

$64,040

7

$410,037

Commercial Remodel

1

$75,000

5

$733,641

2

$35,000

-

-

-

-

2

$168,728

Public

-

-

-

-

-

-

-

-

-

-

-

-

Miscellaneous

-

-

16

$175,300

12

$616,157

17

$3,658,351

1

$7,000

9

$891,362

Total

5

$279,036

54

$7,753,407

45

$7,835,057

55

$13,610,731

20

$4,188,206

36

$6,733,287

Issue 3 | Aug. 5, 2020

$80,000

-

5


Home Builders Association of Fargo-Moorhead

Outlying Communities Summary of Building Permits Granted 2020 - Year-to-Date - Page 2 (June) 2016 KINDRED, ND Total Housing Starts

Permits Units 1

Single Family

1

Twin Home

-

Row/Town House

-

Duplex

2017

2018

2019

Value Permits Units $167,000 4

Value Permits Units $1,240,000 7

Value Permits $2,552,000 6

$167,000

$1,240,000

$2,552,000

4

-

-

-

-

-

-

-

-

Multi-Family

-

-

New Commercial

-

7

-

-

-

-

-

-

-

-

-

-

-

-

-

2

$458,200

$345,000

6

2020

5-Yr Avg

Value Permits Units $1,772,525 8

Value $2,313,446

Permits 5

$1,772,525

Units

Value $1,608,994

4

$1,713,446

4

-

4

$600,000

1

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1

$15,000

1

$72,000 $145,849

-

-

-

-

-

-

-

-

-

-

-

Units

7

$65,700

$120,000

-

Residential Remodel

5

3

$9,798

5

8

$140,000

6

Commercial Remodel

-

-

1

$15,000

-

-

-

-

2

$76,000

1

$18,200

Public

-

-

-

-

-

-

-

1

$65,000

-

$13,000

Miscellaneous Total

6

$625,200

10

$1,609,798

1 13

$3,000 $2,610,549

2 15

$38,700 $1,876,925

2 22

$82,000 $2,691,446

1 14

$24,740 $1,882,783

-

$55,549

$1,488,994

MAPLETON, ND Total Housing Starts

15

$2,926,743

24

$6,045,480

12

$3,133,554

5

$1,658,000

10

$2,768,680

13

$3,306,491

Single Family

9

$2,245,743

20

$5,187,480

8

$2,381,554

5

$1,658,000

10

$2,768,680

10

$2,848,291

Twin Home

6

$681,000

4

$858,000

4

$752,000

Row/Town House

-

-

-

-

-

-

-

-

-

-

Duplex

-

-

-

-

-

-

-

-

-

Multi-Family

-

-

-

-

-

-

-

-

-

New Commercial

1

$650,000

-

-

1

$600,000

1

Residential Remodel

9

$102,546

11

$63,650

11

$469,680

Commercial Remodel

1

$30,670

2

$4,000

1

$95,000

Public

-

Miscellaneous Total

-

-

-

-

-

-

-

-

-

3

-

-

-

-

-

-

-

-

-

-

-

-

-

$458,200 -

-

-

-

-

-

-

-

-

-

-

-

-

1

$258,800

-

$44,000

-

8

$156,600

11

$232,949

10

$205,085

2

$1,265,000

1

$10,000

1

$280,934

-

-

-

-

-

-

26

$3,709,959

37

$6,113,130

2 27

$239,000 $4,537,234

16

$3,123,600

1 23

$15,000 $3,026,629

1 26

$50,800 $4,102,110

OXBOW, ND Total Housing Starts

6

$4,622,000

10

$8,855,303

9

$4,600,762

3

$1,943,000

5

$2,786,000

7

$4,561,413

Single Family

6

$4,622,000

10

$8,855,303

9

$4,600,762

3

$1,943,000

5

$2,786,000

7

$4,561,413

Twin Home

-

Row/Town House

-

Duplex

-

-

-

-

-

-

-

-

Multi-Family

-

-

-

New Commercial

1

Residential Remodel

-

-

1

Commercial Remodel

-

-

-

-

-

-

-

-

-

-

-

-

Public

-

-

-

-

-

-

-

-

-

-

-

-

Miscellaneous

-

-

-

-

-

-

-

Total

7

$5,922,000

11

$9,207,303

10

$4,660,763

4

$1,947,417

9

$2,908,900

8

$4,929,277

33

$10,581,743

62

$23,700,218

67

$19,877,973

53

$16,805,710

49

$14,989,292

53

$17,190,987

27

$9,900,743

57

$22,442,218

63

$19,125,973

53

$16,805,710

45

$14,389,292

49

$16,532,787

Twin Home

6

$681,000

5

$1,258,000

4

$752,000

-

4

$600,000

4

Row/Town House

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Duplex

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Multi-Family

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

New Commercial

4

$2,615,333

$1,300,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

$352,000

-

-

1

-

-

-

-

-

-

-

-

-

-

-

-

-

$60,001

-

1

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

$260,000

1

$107,864

$4,417

4

$122,900

-

-

-

TOTAL Total Housing Starts Single Family

6

$1,046,434

4

$1,410,000

-

2

$658,200

-

$120,200

3

$920,000

4

$1,222,393

Residential Remodel

72

$1,425,197

63

$1,184,543

54

$1,299,948

71

$2,527,216

68

$1,326,645

66

$1,552,710

Commercial Remodel

9

$218,170

11

$855,186

8

$1,578,300

12

$4,313,490

5

$104,500

9

$1,413,929

Public

1

$1,470,600

2

$23,359,647

2

$1,255,193

1

$17,000

2

$340,000

2

$5,288,488

28 147

$391,091 $16,702,134

39 183

$2,106,008 $52,252,036

52 187

$1,357,789 $26,779,203

27 166

$3,714,651 $27,498,267

51 178

$498,552 $18,178,989

39 173

$1,613,618 $28,282,125

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


SEASONALLY ADJUSTED UNEMPLOYMENT RATES May 2020

Minnesota

Apr 2020

May 2019

8.7%

3.2%

North Dakota

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

July 15, 2020 YTD

July 15, 2019 YTD

% change

$246,266

$239,832

2.7%

$350,436,814

$341,041,535

2.8%

171

192

-10.9%

1,252

1,230

1.8%

Home Prices

Source: bls.gov

9.9%

LOCAL REAL ESTATE

Closed MLS Volume

Source: bls.gov

9.1%

9.1%

2.4%

14.7%

3.6%

United States

Closed MLS Volume - New Construction

Source: bls.gov

13.3%

Fargo-Moorhead

Closed MLS Volume - Existing Residential Units

Source: bls.gov

7.7%

7.7%

2.3%

FRAMING LUMBER PRICES Source: National Association of Home Builders

*Preliminary

Date

MORTGAGE RATES - APR Source: Wells Fargo as of July 15, 2020

Lumber Composite Price

CME Futures

June 5

$453

$368.80

June 19

$467

30-Year Fixed

3.093%

May 29

15-Year Fixed

2.703%

June 12

30-Year Jumbo

3.314%

June 26

30-Year Fixed VA

2.991%

5-Year ARM

2.827%

SINGLE AND MULTI-FAMILY BUILDING PERMITS Mar 2020

Minnesota

Mar 2019

% change

Source: NAHB

4,749

5,002

North Dakota

-5%

341

151

126%

292,584

13%

32

472%

United States Source: NAHB

Fargo-Moorhead

$368.30

$459

$354.60 $401.30

$483

July 3

July 10

$435.60

$498

$448.00

$557

$524.20

$523

July 17

July 24

$499.00

$587

July 31

$522.40

$627

$580.40

NATIONAL HOUSING MARKET INDEX Source: National Association of Home Builders

Source: NAHB

329,393

$441

Source: NAHB

183

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.

National

Apr 2020

May 2020

June 2020

25

32

51

30

Midwest

37

58

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

U.S.

June 15

June 22

June 29

$2.026

$2.056

$2.110

$2.098

Midwest

$2.129

$2.174

July 6

July 13

$2.102

$2.125

$2.177

$2.195

OPIOID CRISIS RESOURCES FREE

NAHB.ORG/OPIOIDS

Issue 3 | Aug. 5, 2020

LAST 2 WEEKENDS IN SEPTEMBER!

7


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

HBA Welcomes Newly Elected Leaders

HBA of F-M engaged in the election process this spring. By meeting with candidates in the June 9 election, member volunteers determined support and introduced them to the organization and positions regarding important issues like special assessments, the F-M Area Diversion Project and property taxes. It’s always been the HBA’s goal to build relationships and serve as a resource to elected officials. June 9 Election Winners: • Fargo City Commission: John Strand and Arlette Preston • West Fargo City Commission: Mark Simmons and Mandy George • Horace City Council: Kory Peterson as mayor and David Fenelon and Bryan Schmidt as councilmen Cass County Commission primary (these candidates now compete for their district seat in the General Election): • District 1: Chad Peterson and Lydia Tackett • District 3: Jim Kapitan and Ken Pawluk • District 5: Marty Johnson and Mary Scherling This month HBA of F-M will organize virtual forums with legislative candidates and meet again with Cass County Commission candidates. 8

Members Meet With Congressmen During NAHB Conference

Despite COVID-19, the National Association of Home Builders pressed ahead with its Legislative Conference in a virtual setting, giving members access to all three members of Congress: U.S. Sens. John Hoeven, Kevin Cramer and U.S. Rep. Kelly Armstrong. These meetings are a critical part of NAHB’s and the HBA of F-M’s advocacy efforts to keep housing issues a priority with federal lawmakers. Local participation makes a major difference. • Key topics highlighted during the visits included: • Building a strong workforce • Expanding eligibility for the Paycheck Protection Program • Strengthening the Low-Income Housing Tax Credit • Opposing the Portman-Shaheen Amendment to energy legislation • Opposing efforts to draft a new Waters of the U.S. rule • Supporting the National Flood Insurance Program as an affordable, predictable and financially stable program.

Permits Plus


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