Permits Plus Issue 4 2020

Page 1

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.

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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


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