Issue 4 | Sept. 23, 2020
Permits Plus + A bi-monthly statistics and advocacy update for HBA of F-M members
FOR YOUR CALENDAR Sept. 30 NAHB Webinar Overhead, Margins & Markup: Learn to Play the Price is Right Oct. 1, 8, 15 - NAHB Education Live Online: Social Media Marketing for Your Business
Oct. 20, 27 - NAHB Education Live Online: Diversification: Capitalizing on New Business Opportunities
Oct. 29 - NAHB Education Live Online: Land Development: Getting Started, Business Management & Financing Nov. 3, 10, 17 - NAHB Education Live Online: Understanding Today’s New Home Buyer Nov. 5 - NAHB Education Live Online: Site Planning, Approvals & Construction
Jan. 21 - Minnesota Power Limited Technician Continuing Education
Jan. 26, Feb. 18 - Minnesota Building Contractor Continuing Education with Moorhead Building Official Jack Nyberg Feb. 26-28 Red River Valley Home & Garden Show
Visit the calendar at hbafm.com or 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.
Balancing Codes To Boost Our Border City Housing Market
by Mark Puppe, Communications & Public Affairs Strategist Dilworth City Administrator Peyton Mastera wanted to add a deck to his home and a Minnesota-based contractor to build it. He did find a Minnesota deck contractor, but also one unwilling to build due to the complexity of the state’s building code and the cost to comply. Surprised by the finding, Mastera connected with the HBA of F-M which is collaborating with Minnesota legislators and city officials who see and want to correct the problems that code imbalance creates in the border cities they represent. Our partnership will help legislators throughout Minnesota finally understand that code uniformity will help cities compete and local incentives like the Make Moorhead Home Property Tax Rebate Program generate even larger returns. Efforts like this have been undertaken before. In 2015, the city of Moorhead explained to Minnesota lawmakers that, “Consumers care about cost, and these code differences measurably add to housing cost in Moorhead and make Fargo and West Fargo more affordable options.” The legislation being discussed did not pass and costs have not declined. Codes continued on last page
MN Contractor Continuing Education Features Moorhead Building Official
Minnesota builders and remodelers! Save the date for the HBA of F-M’s Minnesota building contractor continuing education Jan. 26 and Feb. 18. This year’s class is all new, taught by Moorhead Building Official Jack Nyberg addressing code changes affecting you, best practices in the field and more.
Share Your Lumber Story
National Association of Home Builders would like to hear how rising lumber prices, and the limited availability of lumber, are affecting your business and the impact on housing affordability. For example, missed closing opportunities, increased costs, buyers being priced out of the market, etc. This will help us further illustrate to the Administration and Congress why a plan to address the lumber crisis is urgently needed. Contact Mark Puppe at (701) 232-5846 or mark@hbafm.com.
Single-Family Housing Continues Growth In August
NAHBNow.com, Sept. 17, 2020 - Single-family starts showed continued growth in August but overall housing production fell 5.1% to a seasonally adjusted annual rate of 1.42 million units due to a double-digit percentage decline in multifamily production, according to a report from the U.S. Housing and Urban Development and Commerce Department. The pace of single-family starts in August was the highest production rate since February.
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
METRO PERMITS
METRO VALUE
OUTLYING PERMITS
OUTLYING VALUE
Housing Single Family Twin Home Row / Town House Duplex
Multi-Family New Commercial Residential Remodel Commercial Remodel Public Miscellaneous Totals Housing Single Family Twin Home Row / Town House Duplex
Multi-Family New Commercial Residential Remodel Commercial Remodel Public Miscellaneous Totals Housing Single Family Twin Home Row / Town House Duplex
Multi-Family New Commercial Residential Remodel Commercial Remodel Public Miscellaneous Totals Housing Single Family Twin Home Row / Town House Duplex
Multi-Family New Commercial Residential Remodel Commercial Remodel Public Miscellaneous Totals COMBINED STARTS COMBINED VALUE
2
415
500
85
Percentage Difference 20%
394 10 11 0
464 18 18 0
70 8 7 0
18% 80% 64% 0%
July 2019
July 2020
Difference
1 59 1,021 366 35 109 2,006 $98,358,069
13 59 1,080 308 34 251 2,245 $129,202,048
12 0 59 (58) (1) 142 239 $30,843,979
1200% 0% 6% -16% -3% 130% 12% 31%
$94,362,069 $1,686,000 $2,310,000 $0
$122,093,916 $3,958,960 $3,149,172 $0
$27,731,847 $2,272,960 $839,172 $0
29% 135% 36% 0%
$11,600,000 $68,555,295 $15,275,577 $99,711,707 $22,313,989 $4,618,811 $320,433,448 66
$82,188,726 $116,032,754 $15,998,000 $109,202,988 $95,113,832 $28,988,690 $576,727,038 73
66 0 0 0
69 4 0 0
$70,588,726 $47,477,459 $722,423 $9,491,281 $72,799,843 $24,369,879 $256,293,590
609% 69% 5% 10% 326% 528% 80%
7 3 4 0 0
11% 5% N/A 0% 0%
0 2 86 13 2 40 209 $21,486,710
0 5 91 6 2 63 240 $22,342,724
0 3 5 -7 0 23 31 $856,014
0% 150% 6% -54% 0% 58% 15% 4%
$21,486,710 $0 $0 $0
$21,742,724 $600,000 $0 $0
$256,014 $600,000 $0 $0
1% N/A 0% 0%
$0 $120,200 $3,065,004 $4,323,990 $2,417,000 $3,887,051 $35,299,955
$0 $1,763,560 $1,859,300 $466,360 $340,000 $966,552 $27,738,496
$0 $1,643,360 -$1,205,704 -$3,857,630 -$2,077,000 -$2,920,499 -$7,561,459
0% 1367% -39% -89% -86% -75% -21%
2,215
2,485
270
12%
$355,733,403
$604,465,534
$248,732,131
70%
Permits Plus
DID YOU KNOW?
NAHB.org has free resources {members only} COVID-19
Keep your jobsites safe, manage your business and continue working as the global pandemic progresses.
LUMBER
Sample escalation clause for lumber materials Tools to contact Congress
Framing lumber price updates
FREE
Frame Your Perfect View Stop in to Lampert Lumber today and get the view you’ve always wanted for your home with our MarvinŽ Windows selection.
4115 32nd Ave. SW Fargo, ND 701-492-0292
LampertLumber.com
Issue 4 | Sept. 23, 2020
3
4
Permits Plus
113 85 4 12 4 15 317 49 23 521 295 252 24 19 11 30 693 210 25 224 1,488 265 200 34 8 26 308 53 6 14 672 687 551 62 27 12 15 71 1361 313 31 272 2,750
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
14 14 43 1 11 69
Permits
Total Housing Starts Single Family Twin Home Row / Town House Duplex Multi-Family New Commercial Residential Remodel Commercial Remodel Public Miscellaneous Total
DILWORTH
68 66 2 1 18 293 57 13 450
5 5 2 30 2 10 49
204 149 37 18 12 276 32 4 12 540
$163,009,035 502 $137,043,430 419 $12,431,933 61 50 $9,933,672 22 24 $3,600,000 439 $35,512,655 10 $97,654,191 58 $21,412,461 1326 $89,103,297 314 $67,514,526 15 $20,959,720 233 $495,165,885 2,458
$63,476,983 $50,869,650 $8,267,333 31 $4,340,000 $40,950,860 $4,534,551 $5,218,425 $29,629,090 $3,275,718 $147,085,627
$73,931,952 225 $64,923,680 199 $3,414,600 22 19 $5,593,672 4 403 $32,728,900 9 $44,590,573 26 $12,523,103 727 $42,205,925 223 $37,885,436 11 $17,298,409 198 $261,164,298 1,419
24 36
-
$3,475,900 $3,475,900 $331,867 $750,000 $73,000 $4,630,767
Value Permits
$22,124,200 $17,774,200 $750,000 $3,600,000 $2,783,755 $12,112,758 $4,022,940 $40,928,947 $312,593 $82,285,193
2016 Units
$13,736,000 $13,486,000 $250,000 $4,400,000 $53,544,267 $3,383,530 $18,061,519 $137,000 $93,262,316
$721,000 $721,000 $3,456,413 $171,704 $79,385 $150 $4,428,652 95 82 13 6 10 289 62 28 490
7 7 21 5 12 45
Value Permits
217 189 28 3 12 236 21 8 40 537
$113,288,101 486 $96,457,101 425 $14,031,000 61 22 $2,800,000 485 $41,406,598 18 $112,989,188 64 $20,054,950 1176 $57,995,229 306 $15,982,737 29 $16,136,309 240 $377,853,112 2,319
18 -
$46,442,110 $33,797,110 $10,305,000 $2,340,000 $18,023,458 $4,093,434 $3,128,767 $12,337,098 $497,915 $84,522,782
$52,388,991 167 $48,452,991 147 $3,476,000 20 4 $460,000 440 $37,006,598 9 $37,965,050 42 $12,406,282 630 $36,725,558 218 $3,645,639 21 $15,501,244 160 $195,639,362 1,247
45
-
Units
2017
$19,325,487 $16,980,487 $2,345,000 $15,750,000 $6,993,660 $3,020,413 $28,927,623 $219,697 $74,236,880
$2,040,000 $2,040,000 $240,459 $505,315 $36,000 $2,821,774 90 84 6 12 271 57 17 447
15 15 20 3 8 46
Value Permits
134 130 4 1 21 204 39 9 30 438 $114,993,263 415 $103,353,463 394 $11,639,800 10 11 615 $74,843,980 1 $72,861,617 59 $18,281,966 1021 $83,250,413 366 $59,515,061 35 $26,647,781 109 $450,394,081 2,006
$50,869,671 $46,608,671 $4,261,000 90 $15,517,285 $21,740,362 $3,861,865 $5,255,135 $10,136,186 $1,082,400 $108,462,904
$42,758,105 176 $37,724,305 165 $5,033,800 11 415 $43,576,695 $44,127,595 26 $11,159,229 526 $48,562,340 267 $49,378,875 26 $25,309,684 54 $264,872,523 1,075
110
-
Units
2018
$17,235,332 $16,049,332 $1,186,000 $6,277,161 $3,156,678 $22,527,337 $106,500 $49,303,008
$3,385,502 $3,385,502 $116,495 $20,000 $91,000 $3,612,997 86 78 8 2 6 308 62 19 483
9 9 1 19 2 18 49
Value Permits
172 162 10 15 210 43 4 53 497 $98,358,069 500 $94,362,069 464 $1,686,000 18 11 $2,310,000 18 36 $11,600,000 13 $68,555,295 59 $15,275,577 1080 $99,711,707 308 $22,313,989 34 $4,618,811 251 $320,433,448 2,245
36
$35,085,661 $34,585,661 $500,000 $11,600,000 $22,317,000 $2,730,996 $11,506,415 $2,549,170 $2,473,120 $88,262,362
$42,651,574 233 $40,341,574 215 11 $2,310,000 18 11 $39,961,134 37 $9,271,408 543 $65,657,955 201 $19,764,819 30 $1,948,191 161 $179,255,081 1,216
-
-
Units
2019
Home Builders Association of Fargo-Moorhead
F-M Metro Summary of Building Permits Granted 2020 - Year-to-Date (July)
$129,202,048 $122,093,916 $3,958,960 18 $3,149,172 734 $82,188,726 $116,032,754 $15,998,000 $109,202,988 $95,113,832 $28,988,690 $576,727,038
-
$45,069,619 $42,590,659 $2,478,960 $16,466,315 $2,798,155 $17,617,035 $2,704,142 $2,585,362 $87,240,628
$63,078,920 $59,929,748 18 $3,149,172 726 $80,716,726 $82,230,211 $9,931,861 $80,300,642 $92,409,690 $26,188,842 $434,856,892
8
-
$2,497,500 $2,497,500 $1,075,000 $224,515 $165,000 $58,250 $4,020,265
Value
$18,556,009 $17,076,009 1,480,000 $1,472,000 $16,261,228 $3,043,469 $11,120,311 $156,236 $50,609,253
2020 Units
519 451 43 15 2 12 62 1194 322 29 221 2,359
199 166 23 5 1 17 247 38 6 30 538
219 196 13 10 8 32 624 224 23 159 1,289
91 79 7 2 3 12 296 57 20 479
10 10 1 27 3 12 53
Permits
20 5 462
10 25
10 397
5 40
-
Value
$2,423,980 $2,423,980 $906,283 $217,008 $303,940 $51,680 $3,902,891
$123,770,104 $110,661,996 $8,749,539 $3,638,569 $720,000 $49,110,392 $93,618,610 $18,204,591 $87,852,726 $52,088,029 $19,470,262 $444,114,714
$48,188,809 $41,690,350 $5,162,459 $1,336,000 $5,423,457 $23,899,599 $3,603,800 $8,545,155 $11,471,137 $1,982,903 $103,114,860
$54,961,909 $50,274,460 $2,384,880 $2,302,569 $38,805,784 $49,774,913 $11,058,377 $54,690,484 $40,616,892 $17,249,274 $267,157,633
$18,195,406 $16,273,206 $1,202,200 $720,000 $4,881,151 $19,037,815 $3,325,406 $24,313,147 $186,405 $69,939,330
5-Yr Avg Units
Home Builders Association of Fargo-Moorhead
Outlying Communities Summary of Building Permits Granted 2020 - Year-to-Date - Page 1 (July) 2016 BARNESVILLE, MN Total Housing Starts Single Family
Permits
2018
2017
Units
Value Permits
10
$2,643,000
Units
Value Permits
2
$707,000
Units
2019 Value Permits
9
$1,604,757
Units
2020 Value Permits
6
$1,100,000
Units
5-Yr Avg Value
8
$1,844,000
Permits
Units
$1,579,751 $1,579,751
10
$2,643,000
2
$707,000
9
$1,604,757
6
$1,100,000
8
$1,844,000
7
Twin Home
-
-
-
-
-
-
-
-
-
-
-
Row/Town House
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Value
7
-
Duplex
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Multi-Family
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
New Commercial
-
-
1
$96,000
1
$160,000
1
$76,200
1
$70,000
1
$80,440
31
$389,480
30
$236,700
28
$515,918
44
$801,657
31
$500,146
33
$488,780
Commercial Remodel
5
$60,500
3
$20,545
2
$1,062,000
8
$325,990
1
$3,500
4
$294,507
Public
-
-
-
-
2
$1,255,193
-
-
-
-
-
$251,039
18 64
$127,591 $3,220,571
10 46
$12,508 $1,072,753
28 70
$438,132 $5,036,000
4 63
$2,303,847
29 70
$240,527 $2,658,173
18 63
$163,752 $2,858,269
Residential Remodel
Miscellaneous Total CASSELTON, ND Total Housing Starts
1
$311,000
2
$459,000
4
$1,418,000
1
$385,885
1
$200,000
1
$554,777
Single Family
1
$311,000
2
$459,000
2
$1,048,000
1
$385,885
1
$200,000
1
$480,777
Twin Home
-
-
-
-
2
$370,000
-
-
-
-
-
Row/Town House
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Duplex
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Multi-Family
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
New Commercial
1
$50,000
1
$140,434
-
-
-
-
2
$878,560
1
$213,799
Residential Remodel
24
$282,115
12
$209,116
8
$307,600
10
$296,550
9
$193,610
13
$257,798
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
-
-
2
$2,417,000
1
$275,000
1
$5,504,449
3 32
$52,000 $2,217,715
18
$24,263,197
14
$2,099,900
16
$5,832,435
10 24
$328,825 $1,890,995
3 21
$76,165 $7,260,848
Miscellaneous Total
$74,000
-
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
4
$1,050,000
3
$940,000
2
$580,000
6
$1,605,000
5
$1,602,000
4
$1,155,400
Single Family
3
$800,000
3
$940,000
2
$580,000
6
$1,605,000
5
$1,602,000
4
$1,105,400
Twin Home
-
-
-
-
-
-
-
-
-
-
-
Row/Town House
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
$50,000
-
Duplex
1
1
$250,000
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Multi-Family
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
New Commercial
1
$615,333
-
-
-
-
-
-
-
-
-
Residential Remodel
4
$11,100
-
-
1
$4,000
1
$210,000
-
-
1
$45,020
Commercial Remodel
-
-
-
-
1
$12,000
-
-
1
$361,860
-
$74,772
Public
-
-
-
-
-
-
-
-
-
-
-
-
4 13
$20,900 $1,697,333
12 15
$1,782,000 $2,722,000
14 18
$132,900 $728,900
8 15
$58,200 $1,873,200
13 19
$88,700 $2,052,560
10 15
$416,540 $1,814,799
Miscellaneous Total
$123,067
HORACE, ND Total Housing Starts
-
-
21
$7,096,435
33
$8,233,900
33
$10,361,300
32
$9,485,138
24
$7,035,355
Single Family
-
-
20
$6,696,435
33
$8,233,900
33
$10,361,300
32
$9,485,138
24
$6,955,355
Twin Home
-
-
1
$400,000
-
-
-
-
-
-
-
Row/Town House
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Duplex
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Multi-Family
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
New Commercial
-
-
2
$465,000
2
$650,000
-
-
-
-
1
$223,000
$80,000
-
Residential Remodel
4
$204,036
16
$958,031
3
$113,000
11
$1,326,080
20
$536,695
11
$627,568
Commercial Remodel
1
$75,000
5
$733,641
2
$35,000
-
-
-
-
2
$168,728
Public
-
-
-
-
-
-
-
-
-
-
-
-
Miscellaneous
-
-
20
$320,300
22
$744,475
25
$3,782,151
7
$174,500
15
$1,004,285
Total
5
$279,036
64
$9,573,407
62
$9,776,375
69
$15,469,531
59
$10,196,333
53
$9,058,936
Issue 4 | Sept. 23, 2020
5
Home Builders Association of Fargo-Moorhead
Outlying Communities Summary of Building Permits Granted 2020 - Year-to-Date - Page 2 (July) 2016 KINDRED, ND Total Housing Starts
Permits Units 2
Single Family
2
Twin Home
-
Row/Town House
-
Duplex
2017
2018
2019
Value Permits Units $387,000 4
Value Permits Units $1,240,000 7
Value Permits $2,552,000 6
$387,000
$1,240,000
$2,552,000
4
-
-
-
-
-
-
-
-
Multi-Family
-
-
New Commercial
-
7
-
-
-
-
-
-
-
-
-
-
-
-
-
2
$459,400
$345,000
6
2020
5-Yr Avg
Value Permits Units $1,772,525 9
Value $2,553,446
$1,772,525
Permits 6
Units
Value $1,700,994
5
$1,953,446
5
-
4
$600,000
1
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
1
$15,000
1
$72,000 $188,289
-
-
-
-
-
-
-
-
-
-
-
Units
$120,000
-
Residential Remodel
6
3
$9,798
6
$71,549
9
9
$150,000
7
Commercial Remodel
-
-
1
$15,000
1
$32,750
-
-
2
$76,000
1
$24,750
Public
-
-
-
-
-
1
$65,000
-
$13,000
Miscellaneous Total
8
$846,400
10
$1,609,798
1 15
$3,000 $2,659,299
3 18
$46,700 $2,069,925
2 24
$82,000 $2,941,446
1 16
$26,340 $2,025,373
-
-
-
$250,700
$1,580,994
MAPLETON, ND Total Housing Starts
25
$4,480,743
27
$6,940,480
14
$3,613,454
8
$2,448,000
12
$3,322,140
17
$4,160,963
Single Family
11
$2,891,743
23
$6,082,480
10
$2,861,454
8
$2,448,000
12
$3,322,140
13
$3,521,163
Twin Home
14
$1,589,000
4
$858,000
4
$752,000
-
-
-
-
4
$639,800
Row/Town House
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Duplex
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Multi-Family
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
New Commercial
1
$650,000
-
-
1
$600,000
1
Residential Remodel
11
$110,846
12
$66,613
12
$475,680
Commercial Remodel
1
$30,670
2
$4,000
1
$95,000
Public
-
Miscellaneous Total
-
-
-
-
-
-
$44,000
1
$800,000
1
$418,800
8
$156,600
12
$240,949
11
$210,138
2
$1,265,000
1
$10,000
1
$280,934
-
-
-
-
-
-
38
$5,272,259
1 42
$68,000 $7,079,093
2 30
$239,000 $5,023,134
19
$3,913,600
1 27
$15,000 $4,388,089
1 31
$64,400 $5,135,235
OXBOW, ND Total Housing Starts
7
$5,242,000
11
$9,255,303
9
$4,600,762
6
$3,814,000
6
$3,336,000
8
$5,249,613
Single Family
7
$5,242,000
11
$9,255,303
9
$4,600,762
6
$3,814,000
6
$3,336,000
8
$5,249,613
Twin Home
-
Row/Town House
-
Duplex
-
-
-
-
-
-
-
-
-
-
Multi-Family
-
-
-
New Commercial
1
$1,300,000
-
-
-
-
-
-
-
-
$18,000
-
-
-
-
-
-
-
-
-
-
-
-
-
$352,000
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
$260,000
3
$123,264
$23,417
$162,900
-
-
-
-
-
-
-
-
-
-
-
-
Public
-
-
-
-
-
-
-
-
-
-
-
-
Miscellaneous
-
-
-
Total
9
$6,560,000
12
$9,607,303
10
$4,660,763
9
$3,837,417
15
$3,498,900
11
$5,632,877
-
9
-
1
-
3
-
-
-
$60,001
-
Residential Remodel
-
1
-
Commercial Remodel
-
1
-
-
-
-
-
TOTAL Total Housing Starts
50
$14,293,743
71
$26,858,218
80
$23,120,873
66
$21,486,710
73
$22,342,724
68
$21,620,454
Single Family
35
$12,454,743
66
$25,600,218
74
$21,998,873
66
$21,486,710
69
$21,742,724
62
$20,656,654
Twin Home
14
$1,589,000
5
$1,258,000
6
$1,122,000
-
-
4
$600,000
6
Row/Town House
-
-
-
Duplex
1
1
Multi-Family
-
-
New Commercial
4
$2,615,333
$250,000 -
$913,800
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
6
$1,046,434
4
$1,410,000
2
$50,000 -
$120,200
5
$1,763,560
4
$1,391,105
Residential Remodel
82
$1,476,777
75
$1,842,258
65
$1,626,248
86
$3,065,004
91
$1,859,300
80
$1,973,917
Commercial Remodel
9
$218,170
12
$868,186
9
$1,611,050
13
$4,323,990
6
$466,360
10
$1,497,551
Public
1
$1,470,600
2
$23,359,647
2
$1,255,193
2
$2,417,000
2
$340,000
2
$5,768,488
28 174
$391,091 $20,465,714
45 211
$2,319,808 $56,294,551
67 227
$1,557,507 $30,580,871
40 209
$3,887,051 $35,299,955
63 240
$966,552 $27,738,496
49 213
$1,824,402 $34,075,917
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
U.S. REGULAR GASOLINE PRICES (DOLLARS PER GALLON) Source: Energy Information Administration
U.S.
Aug 3
Aug 10
Aug 17
Aug 24
$2.113
$2.117
$2.108
$2.130
$2.176
Midwest
$2.166
SEASONALLY ADJUSTED UNEMPLOYMENT RATES Jul 2020
Jun 2020
Minnesota
Jul 2019
$2.166
Aug 31
$2.182
$2.222 $2.179
SINGLE AND MULTI-FAMILY BUILDING PERMITS Jun 2020
Minnesota
Jun 2019
% change
13,392
-7%
937
54%
650,135
1%
462
55%
Source: NAHB
Source: bls.gov
7.7*%
North Dakota
8.6%
3.2%
7.4%
2.4%
12,452 North Dakota
Source: bls.gov
6.6*%
United States
Source: NAHB
1,444
United States
Source: bls.gov
10.2%
11.1%
Fargo-Moorhead
Source: NAHB
3.7%
658,402 Fargo-Moorhead
Source: bls.gov
5.4%
6.3%
2.3%
Source: NAHB
715
*Preliminary
MORTGAGE RATES - APR
NATIONAL HOUSING MARKET INDEX Source: National Association of Home Builders
Source: Wells Fargo as of Sept. 10, 2020
30-Year Fixed
2.871%
15-Year Fixed
2.541%
30-Year Fixed VA 7-Year ARM Jumbo 30-Year Jumbo
2.611%
3.179%
Source: F-M Area Association of Realtors Dilworth, Fargo, Moorhead, West Fargo | Single-Family, Condo, Townhouse, Twin Home, Duplex
Sept 8, 2020 YTD
Sept 8, 2019 YTD
% change
$253,353
$243,943
3.9%
$566,497,547
$494,227,742
14.6%
343
278
23.4%
1,893
1,748
8.3%
Closed MLS Volume
Range is 0-100.
2.620%
LOCAL REAL ESTATE
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.
Closed MLS Volume - New Construction Closed MLS Volume - Existing Residential Units
Jun 2020
Jul 2020
Aug 2020
Housing Market Index
58
72
78
SF Sales: Next 6 Mo
68
75
78
National
SF Sales: Present
Prospective Buyer Traffic Regional HMI Northeast
63 43
57
48
70
63
72
Midwest
50
West
66
South
78
84 65 77
69
70
80
88
79
H 60T ANNIVERSARY
OPIOID CRISIS RESOURCES NAHB.ORG/OPIOIDS
FREE Issue 4 | Sept. 23, 2020
FEBRUARY 26-28, 2021 HOMEANDGARDENSHOWFM.COM
7
Home Builders Association of F-M 1802 32nd Ave. S. Fargo, N.D. 58103
Codes continued from first page
This time is different. We have a one-of-a-kind partnership of Minnesota legislators, border city officials and the HBA of F-M locking arms with the collective understanding that perpetual imbalance and inaction will worsen the impact of other problems - like lumber and labor shortages - impeding the home builders and buyers like never before, and more profoundly, those in Minnesota. HBA members report that a home built in Moorhead costs about $5,000 more than the same home built in Moorhead. Meetings with builder associations in eastern Minnesota report parallel disparity: homes built in Minnesota cost about $5,000 more than the same home, apple-to-apple, in nearby Wisconsin cities. Adding home attainability to the equation makes the losses even more poignant. According to the National Association of Home Builders, for every $1,000 added to the cost of building a home in the Fargo-Moorhead Metro, 118 are priced out of the market. It goes without saying but code disparities limit consumer choice and make North Dakota homes more appealing and affordable than those in Minnesota. Unfortunately, more than profitability and attainability suffer from code disparities, the entire ecosystem of the 8
encumbered cities, such as Moorhead and Dilworth, suffer losses in tax base, business activity and other positives. Code uniformity and simplicity in the FargoMoorhead Metro are just two of many ways to encourage Minnesota builders to operate in Minnesota and enable our cities, on both sides of the Red, to reap the innumerable benefits that a solid and fair housing market creates. Legislators and officials from the Fargo-Moorhead Metro understand what is at stake, but others will need to be convinced until they understand the damages caused by code disparities, and that approving remedial legislation is urgent. Relentless advocacy can accomplish that during the 2021 legislative session. Lisa Bode, government affairs director in Moorhead, says “We’re hoping that the timing is right as we work together with the HBA to convince the state of Minnesota to allow uniform code standards between Moorhead and Dilworth and our North Dakota sister cities in the metro.� Even though the housing market in the Fargo-Moorhead Metro is relatively strong, it can be stronger when public and private stakeholders show Minnesota lawmakers and agencies that markets do not stop at the borders.
Permits Plus