Permits Plus Issue 5 2019

Page 1

Issue 5 | October 25, 2019

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

FOR YOUR CALENDAR:

Nov. 1 Make Your Home & Garden Show Exhibit POP! Nov. 5 Election Day Nov. 14 Legislative Social Nov. 19 Lunch Session: How Credit Scores Affect Business Bottom Lines Dec. 5 Health, Tech & Trades Career Expo Jan. 21-23 NAHB International Builders’ Show Jan. 28 Minnesota Building Contractor Continuing Education Jan. 29 Minnesota Power Limited Technician Continuing Education Jan. 30 New Year Celebration & City Night

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

INSIDE:

Pg 2 Permit comparison chart for the F-M Metro and Outlying Towns Pg 4 F-M Metro Building Permit Report Pg 5-6 Outlying Communities Building Permit Report Pg 7 Statistics Pg 8 2020 Spring Parade of Homes Dates

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.

Moorhead’s Career Academy Is In Your Hands

On election day Nov. 5, there will be a Moorhead Public Schools’ bond referendum that, if approved, will not only improve the current high school but also allow renovation of the former Sam’s Club building to function as a Career Academy. Visit this site to learn more: www.moorheadschools.org/2019Bond/ This academy is a step in the right direction to provide opportunities for students to learn about and receive credits for technical and health careers. It’s one more way to help parents and students understand that there are many lucrative, fulfilling careers that do not require a four-year degree.

Local Multiple Listings Service Adds ‘Green’ Fields

Soon, the Fargo-Moorhead homebuilding and home-selling industries will be able to more effectively build, market and profit from performance-built homes constructed to national standards such as Energy Star, LEED and Indoor Air Plus. Currently, the local Multiple Listings Service lacks “green” fields to share information with buyers about energy-saving equipment, energy ratings or Energy Star certifications which can affect the value of a home. Larry Mayer, Solution Design, Inc., hopes these fields will become live in the system by Jan. 1 in our market. Everyone involved in the homebuilding and selling process will benefit from learning about the definitions to profit from these in-demand homes and communicate their features through the MLS. Involving the home buyer, builder, Realtor, lender and appraiser, the process is like a relay race. The size and feature requirements of the new home are: First entered into a pre-green addendum and final green addendum that Secondly, are used in the pre-appraisal and pre-loan underwriting reports that go into the loan file and, Finally, populate the MLS green fields for future comparables when property is sold. Join the HBA of F-M in learning about building high-performance homes and the entire process of utilizing the MLS green fields Jan. 28 during continuing education classes for building contractors. Visit www.hbafm.com. Click “Events,” and then “Calendar.” This MLS change was achieved through an effort of Solution Design Inc., HBA of F-M, Fargo-Moorhead Area Association of Realtors and the North Dakota Appraisal Association. Mayer is an energy engineer and has worked the past four years to bring awareness to the building and real estate community. He has secured financial support for educational classes from Cass County Electric Cooperative, Minnkota Power Cooperative, North Dakota Department of Commerce and Xcel Energy. He has also worked with the HBA of F-M and FMAAR to share information with their members.

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

COMBINED STARTS COMBINED VALUE

2

Housing Single Family Twin Home Row / Town House Duplex

September 2018 September 2019 707 662 633 63 11 0

538 76 48 0

-45

Percentage Difference -6%

-95 13 37 0

-15% 21% 336% N/A

Difference

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

27 82 1,541 414 32 353 3,156 $164,671,062

6 79 1,375 462 44 189 2,817 $152,713,418

-21 -3 -166 48 12 -164 -339 -$11,957,644

Single Family Twin Home Row / Town House Duplex

$149,913,267 $11,957,800 $2,799,995 $0

$128,791,418 $13,562,000 $10,360,000 $0

-$21,121,849 $1,604,200 $7,560,005 $0

-14% 13% 270% N/A

-32 -28 -4 0 0

-30% -28% -67% N/A N/A

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

$118,564,578 $84,207,220 $23,771,857 $112,865,783 $59,810,061 $43,153,633 $607,044,194 106

$53,081,823 $130,844,807 $19,881,491 $120,765,909 $26,412,059 $10,143,778 $513,843,285 74

100 6 0 0

72 2 0 0

-$65,482,755 $46,637,587 -$3,890,366 $7,900,126 -$33,398,002 -$33,009,855 -$93,200,909

-78% -4% -11% 12% 38% -46% -11% -7%

-55% 55% -16% 7% -56% -76% -15%

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

0 8 87 10 2 98 311 $31,043,904

0 3 110 13 5 65 270 $24,211,305

0 -5 23 3 3 -33 -41 -$6,832,599

N/A -63% 26% 30% 150% -34% -13% -22%

Single Family Twin Home Row / Town House Duplex

$29,921,904 $1,122,000 $0 $0

$23,811,305 $400,000 $0 $0

-$6,110,599 -$722,000 $0 $0

-20% -64% N/A N/A

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

$0 $2,471,033 $1,936,088 $1,631,050 $1,255,193 $2,022,602 $40,359,870

$0 $240,200 $3,559,048 $4,323,990 $2,752,222 $4,012,451 $39,099,216

$0 -$2,230,833 $1,622,960 $2,692,940 $1,497,029 $1,989,849 -$1,260,654

N/A -90% 84% 165% 119% 98% -3%

3,467

3,087

-380

-11%

$647,404,064

$552,942,501

-$94,461,563

-15%

Permits Plus


2019 Fall LOT BLOWOUT Now through November 30th

Call Tom Deacon For More Info At 701-499-3937 | tdeacon@propertyresourcesgroup.com

609 Main Avenue Moorhead, MN

Issue 5 | October 25, 2019

218.233.6104

3


4

Permits Plus

181 133 48 0 0 11 25 393 75 0 40 725

365 258 34 73 0 25 62 891 289 29 281 1,942 347 233 52 30 0 3 28 341 33 6 31 789

917 644 138 103 0 39 118 1673 401 35 363 3,546

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

24 20 4 0 0 0 3 48 4 0 11 90

Permits

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

DILWORTH

146 118 4 0 12 6 26 404 59 0 58 699

21 21 0 0 0 0 0 55 1 0 18 95

393 322 40 8 0 0 34 394 62 8 16 907

$200,857,145 923 $158,810,325 771 $22,546,490 78 135 $19,500,330 27 0 $0 12 1101 $94,940,483 28 $87,252,400 105 $23,068,955 1770 $93,244,307 432 $137,590,251 34 $29,428,894 453 $666,382,435 3,745

$78,428,571 $61,420,571 $7,765,000 62 $9,243,000 0 $0 42 $4,759,000 $36,439,630 $6,399,688 $21,498,112 $8,595,097 $8,690,135 $164,810,233

$79,653,825 363 $63,661,005 310 $5,735,490 34 73 $10,257,330 19 0 $0 0 805 $68,954,603 22 $40,398,056 45 $12,603,132 917 $62,699,792 310 $128,995,154 26 $19,802,695 361 $413,107,257 2,044

0 0 254

0 0 0

$6,630,850 $5,690,850 $940,000 $0 $0 $0 $422,000 $290,870 $605,000 $0 $36,689 $7,985,409

Value Permits

$36,143,899 $28,037,899 $8,106,000 $0 $0 $21,226,880 $9,992,714 $3,775,265 $8,441,403 $0 $899,375 $80,479,536

2015 Units

Home Builders Association of Fargo-Moorhead

$4,775,900 $4,775,900 $0 $0 $0 $0 $0 $367,356 $750,000 $0 $166,800 $6,060,056

272 211 43 18 0 0 23 360 45 5 13 718

$216,433,212 656 $188,296,607 557 $14,602,933 77 50 $9,933,672 22 24 $3,600,000 0 782 $68,569,401 12 $139,682,208 96 $26,970,407 1753 $153,206,828 415 $74,787,978 26 $35,601,672 324 $715,251,706 3,282

$87,727,060 $74,438,727 $8,948,333 31 $4,340,000 0 $0 0 $0 $45,930,420 $5,642,444 $9,355,825 $36,890,542 $3,615,718 $189,162,009

$95,111,952 277 $84,613,680 247 $4,904,600 26 19 $5,593,672 4 0 $0 0 656 $58,635,646 11 $61,756,573 43 $16,120,730 966 $69,598,727 293 $37,897,436 21 $31,333,561 273 $370,454,625 1,884

100 92 8 0 0 1 27 388 75 0 24 615

7 7 0 0 0 0 3 39 2 0 14 65

Value Permits

$28,818,300 $24,468,300 $750,000 0 $0 24 $3,600,000 126 $9,933,755 $31,995,215 $4,839,877 $73,502,276 $0 $485,593 $149,575,016

0 0 0

Units

2016 $1,146,000 $1,146,000 $0 $0 $0 $0 $3,856,413 $199,692 $79,385 $0 $25,150 $5,306,640

326 298 28 0 0 3 20 314 35 8 54 760 $146,544,790 707 $127,422,790 633 $16,322,000 63 22 $2,800,000 11 0 $0 0 679 $65,811,598 27 $163,908,870 82 $27,219,805 1541 $73,757,539 414 $20,395,352 32 $30,942,076 353 $528,580,030 3,156

$61,478,510 $48,152,510 $10,986,000 18 $2,340,000 0 $0 0 $0 $27,069,695 $5,932,771 $7,043,727 $13,028,343 $507,915 $115,060,961

$64,412,375 250 $59,736,375 217 $4,216,000 22 4 $460,000 11 0 $0 0 634 $61,411,598 17 $76,580,625 49 $16,744,054 829 $47,832,473 300 $7,367,009 24 $30,127,011 244 $304,475,145 1,713

117 104 13 0 0 7 12 374 74 0 39 623

14 14 0 0 0 0 1 24 5 0 16 60

Value Permits

$19,507,905 $18,387,905 $1,120,000 0 $0 0 $0 45 $4,400,000 $56,402,137 $4,343,288 $18,801,954 $0 $282,000 $103,737,284

0 0 0

Units

2017

$23,626,487 $21,281,487 $2,345,000 $0 $0 $19,250,000 $7,438,660 $3,861,212 $31,189,006 $0 $359,697 $85,725,062

$3,956,000 $3,956,000 $0 $0 $0 $0 $400,000 $251,459 $505,315 $0 $490,000 $5,602,774 112 104 8 0 0 3 16 377 73 0 27 608

17 17 0 0 0 0 1 25 4 0 18 65

Value Permits

287 205 68 14 0 2 24 275 49 10 51 698 $164,671,062 662 $149,913,267 538 $11,957,800 76 11 $2,799,995 48 0 $0 0 1117 $118,564,578 6 $84,207,220 79 $23,771,857 1375 $112,865,783 462 $59,810,061 44 $43,153,633 189 $607,044,194 2,817

$72,919,251 $68,658,251 $4,261,000 0 $0 0 $0 90 $15,517,285 $24,370,362 $4,875,747 $11,264,593 $10,136,186 $1,835,340 $140,918,764

$64,169,324 246 $56,017,529 212 $5,351,800 0 11 $2,799,995 34 0 $0 0 842 $83,797,293 1 $51,998,198 38 $14,783,439 698 $69,906,869 336 $49,673,875 34 $40,468,596 93 $374,797,594 1,446

0 0 185

0 0 0

Units

2018

F-M Metro Building Permit Report 2019 - Year-to-Date (September)

$152,713,418 $128,791,418 $13,562,000 48 $10,360,000 0 $0 394 $53,081,823 $130,844,807 $19,881,491 $120,765,909 $26,412,059 $10,143,778 $513,843,285

$67,390,700 $52,094,700 $12,076,000 14 $3,220,000 0 $0 233 $33,600,000 $27,857,950 $3,605,661 $13,158,485 $2,680,990 $6,214,020 $154,507,806

$59,628,584 $52,488,584 $0 34 $7,140,000 0 $0 80 $8,400,000 $94,143,696 $12,052,637 $83,015,635 $23,731,069 $3,514,925 $284,486,546

0 0 81

0 0 0

$4,100,502 $4,100,502 $0 $0 $0 $0 $980,000 $161,485 $51,386 $0 $157,148 $5,450,521

Value

$21,593,632 $20,107,632 $1,486,000 $0 $0 $11,081,823 $7,863,161 $4,061,708 $24,540,403 $0 $257,685 $69,398,412

2019 Units

773 629 86 42 2 22 96 1622 425 34 336 3,309

325 254 46 14 0 2 26 337 45 7 33 774

300 249 23 28 0 15 47 860 306 27 250 1,806

131 110 16 0 2 6 21 387 71 0 38 654

17 16 1 0 0 0 2 38 3 0 15 75

Permits

53 5 815

25 0 73

28 0 603

0 5 138

0 0 0

Value

$4,121,850 $3,933,850 $188,000 $0 $0 $0 $1,131,683 $254,172 $398,217 $0 $175,157 $6,081,080

$176,243,925 $150,646,881 $15,798,245 $9,078,799 $720,000 $80,193,577 $121,179,101 $24,182,503 $110,768,073 $63,799,140 $29,854,011 $606,220,330

$73,588,818 $60,952,952 $8,807,267 $3,828,600 $0 $10,775,257 $32,333,611 $5,291,262 $12,464,148 $14,266,232 $4,172,626 $152,891,955

$72,595,212 $63,303,435 $4,041,578 $5,250,199 $0 $56,239,828 $64,975,430 $14,460,798 $66,610,699 $49,532,909 $25,049,358 $349,464,233

$25,938,045 $22,456,645 $2,761,400 $0 $720,000 $13,178,492 $22,738,377 $4,176,270 $31,295,008 $0 $456,870 $97,783,062

5-Yr Avg Units


Home Builders Association of Fargo-Moorhead

Outlying Communities Building Permit Report 2019 - Year-to-Date - Page 1 (September) 2016 BARNESVILLE, MN Total Housing Starts Single Family

Permits

2017

Units

Value Permits

Units

2018 Value Permits

Units

2019 Value Permits

Units

4-Yr Avg Value

Permits

Units

Value

11

$2,833,000

4

$1,389,000

9

$1,604,757

8

$1,575,000

8

$1,850,439 $1,850,439

11

$2,833,000

4

$1,389,000

9

$1,604,757

8

$1,575,000

8

Twin Home

0

$0

0

$0

0

$0

0

$0

0

Row/Town House

0

0

$0

0

0

$0

0

0

$0

0

0

$0

0

0

$0 $0

$0

Duplex

0

0

$0

0

0

$0

0

0

$0

0

0

$0

0

0

Multi-Family

0

0

$0

0

0

$0

0

0

$0

0

0

$0

0

0

New Commercial

0

$0

1

$96,000

3

$253,108

2

$196,200

2

Residential Remodel

44

$506,376

51

$405,217

29

$540,918

58

$1,100,201

46

$638,178

Commercial Remodel

5

$60,500

3

$20,545

2

$1,062,000

8

$325,990

5

$367,259

Public Miscellaneous Total

$0 $136,327

0

$0

0

$0

2

$1,255,193

0

$0

1

$313,798

18 78

$127,591 $3,527,467

13 72

$23,008 $1,933,770

44 89

$552,870 $5,268,846

25 101

$108,900 $3,306,291

25 85

$203,092 $3,509,094

CASSELTON, ND Total Housing Starts

1

$311,000

6

$2,125,006

6

$2,193,000

1

$385,885

4

$1,253,723

Single Family

1

$311,000

6

$2,125,006

4

$1,823,000

1

$385,885

3

$1,161,223

Twin Home

0

$0

0

$0

2

$370,000

0

$0

1

Row/Town House

0

0

$0

0

0

$0

0

0

$0

0

0

$0

0

0

$0

Duplex

0

0

$0

0

0

$0

0

0

$0

0

0

$0

0

0

$0

Multi-Family

0

0

$0

0

0

$0

0

0

$0

0

0

$0

0

0

New Commercial

2

$202,000

1

$140,434

1

$887,925

0

$0

1

$307,590

Residential Remodel

29

$431,115

18

$299,816

16

$414,600

14

$424,550

19

$392,520

Commercial Remodel

2

$52,000

3

$645,000

2

$374,300

3

$2,733,000

3

$951,075

Public

1

$1,470,600

3

$23,369,147

0

$0

2

$2,417,000

2

$6,814,187

3 38

$52,000 $2,518,715

0 31

$0 $26,579,403

0 25

$0 $3,869,825

2 22

$3,000 $5,963,435

1 29

$13,750 $9,732,845

Miscellaneous Total

$92,500

$0

HARWOOD, ND Total Housing Starts

1

$180,000

1

$220,000

4

$1,061,000

0

$0

2

$365,250

Single Family

1

$180,000

1

$220,000

4

$1,061,000

0

$0

2

$365,250

Twin Home

0

$0

0

$0

0

$0

0

$0

0

Row/Town House

0

0

$0

0

0

$0

0

0

$0

0

0

$0

0

0

$0

$0

Duplex

0

0

$0

0

0

$0

0

0

$0

0

0

$0

0

0

$0

Multi-Family

0

0

$0

0

0

$0

0

0

$0

0

0

$0

0

0

$0

New Commercial

0

$0

0

$0

0

$0

0

$0

0

$0

Residential Remodel

1

$1,800

6

$40,500

6

$78,500

0

$0

3

$30,200

Commercial Remodel

0

$0

0

$0

0

$0

0

$0

0

$0

Public

0

$0

0

$0

0

$0

0

$0

0

$0

Miscellaneous Total

3 5

$190,600 $372,400

3 10

$147,000 $407,500

2 12

$30,000 $1,169,500

0 0

$0 $0

2 7

$91,900 $487,350

HAWLEY, MN Total Housing Starts

6

$1,460,000

3

$940,000

3

$790,000

6

$1,605,000

5

$1,198,750

Single Family

5

$1,210,000

3

$940,000

3

$790,000

6

$1,605,000

4

$1,136,250

Twin Home

0

$0

0

$0

0

$0

0

$0

0

Row/Town House

0

0

$0

0

0

$0

0

0

$0

0

0

$0

0

0

$0 $62,500

$0

Duplex

1

1

$250,000

0

0

$0

0

0

$0

0

0

$0

0

0

Multi-Family

0

0

$0

0

0

$0

0

0

$0

0

0

$0

0

0

New Commercial

1

$615,333

0

$0

0

$0

0

$0

0

$153,833

$0

Residential Remodel

4

$11,100

0

$0

1

$4,000

1

$210,000

2

$56,275

Commercial Remodel

0

$0

0

$0

1

$12,000

0

$0

0

$3,000

Public

0

$0

0

$0

0

$0

0

$0

0

$0

15 26

$96,350 $2,182,783

17 20

$1,997,000 $2,937,000

19 24

$244,275 $1,050,275

10 17

$71,700 $1,886,700

15 22

$602,331 $2,014,190

Miscellaneous Total HORACE, ND Total Housing Starts

1

$305,000

27

$7,896,435

42

$11,063,900

33

$10,361,300

26

$7,406,659

Single Family

1

$305,000

26

$7,496,435

42

$11,063,900

33

$10,361,300

26

$7,306,659

Twin Home

0

$0

1

$400,000

0

$0

0

$0

0

Row/Town House

0

0

$0

0

0

$0

0

0

$0

0

0

$0

0

0

$0

Duplex

0

0

$0

0

0

$0

0

0

$0

0

0

$0

0

0

$0

Multi-Family

0

0

$0

0

0

$0

0

0

$0

0

0

$0

0

0

New Commercial

0

$0

4

$1,021,000

2

$650,000

0

$0

2

Residential Remodel

8

$266,336

21

$1,422,796

3

$113,000

11

$1,326,080

11

$782,053

Commercial Remodel

1

$75,000

6

$741,841

2

$35,000

0

$0

2

$212,960

$100,000

$0 $417,750

Public

0

$0

0

$0

0

$0

0

$0

0

$0

Miscellaneous

2

$44,500

30

$618,616

29

$888,457

25

$3,782,151

22

$1,333,431

12

$690,836

88

$11,700,688

78

$12,750,357

69

$15,469,531

62

$10,152,853

Total

Issue 5 | October 25, 2019 10/15/2019

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

5


Home Builders Association of Fargo-Moorhead

Outlying Communities Building Permit Report 2019 - Year-to-Date - Page 2 (September) 2016 KINDRED, ND Total Housing Starts

Permits

Units

2017 Value Permits

Units

2018 Value Permits

2019

Units

Value Permits

Units

4-Yr Avg Value

Permits

Units

Value

3

$607,000

4

$1,240,000

9

$2,927,956

8

$2,172,525

6

$1,736,870

Single Family

3

$607,000

4

$1,240,000

9

$2,927,956

6

$1,772,525

6

$1,636,870

Twin Home

0

$0

0

$0

0

$0

2

$400,000

1

Row/Town House

0

0

$0

0

0

$0

0

0

$0

0

0

$0

0

0

$0

Duplex

0

0

$0

0

0

$0

0

0

$0

0

0

$0

0

0

$0

Multi-Family

0

0

$0

0

0

$0

0

0

$0

0

0

$0

0

0

New Commercial

0

$0

2

$345,000

0

$0

0

$0

1

$86,250

Residential Remodel

8

$519,400

7

$59,198

9

$121,049

11

$263,200

9

$240,712

Commercial Remodel

0

$0

1

$15,000

1

$32,750

0

$0

1

$11,938

Public

0

$0

1

$953,100

0

$0

3

$335,222

1

$322,081

0 11

$0 $1,126,400

0 15

$0 $2,612,298

1 20

$3,000 $3,084,755

3 25

$46,700 $2,817,647

1 18

$12,425 $2,410,275 $6,317,707

Miscellaneous Total

$100,000

$0

MAPLETON, ND Total Housing Starts

37

$7,015,743

35

$8,913,556

22

$5,942,934

11

$3,398,595

26

Single Family

15

$4,066,743

31

$8,055,556

18

$5,190,934

11

$3,398,595

19

$5,177,957

Twin Home

22

$2,949,000

4

$858,000

4

$752,000

0

$0

8

$1,139,750

Row/Town House

0

0

$0

0

0

$0

0

0

$0

0

0

$0

0

0

$0

Duplex

0

0

$0

0

0

$0

0

0

$0

0

0

$0

0

0

$0

Multi-Family

0

0

$0

0

0

$0

0

0

$0

0

0

0

New Commercial

1

$650,000

0

$0

2

$680,000

1

Residential Remodel

12

$132,846

17

$93,073

22

$604,020

Commercial Remodel

1

$30,670

3

$5,000

2

$115,000

Public

1

$6,439,325

0

$0

0

0 52

$0 $14,268,584

1 56

$68,000 $9,079,629

Miscellaneous Total

$0

0

$44,000

1

$343,500

$0

11

$172,600

16

$250,635

2

$1,265,000

2

$353,918

$0

0

$0

0

$1,609,831

3 51

$304,000 $7,645,954

0 25

$0 $4,880,195

1 46

$93,000 $8,968,591

OXBOW, ND Total Housing Starts

9

$8,742,000

15

$11,830,203

11

$5,460,357

7

$4,713,000

11

$7,686,390

Single Family

9

$8,742,000

15

$11,830,203

11

$5,460,357

7

$4,713,000

11

$7,686,390

Twin Home

0

$0

0

$0

0

$0

0

$0

0

Row/Town House

0

0

$0

0

0

$0

0

0

$0

0

0

$0

0

0

$0 $0

$0

Duplex

0

0

$0

0

0

$0

0

0

$0

0

0

$0

0

0

Multi-Family

0

0

$0

0

0

$0

0

0

$0

0

0

$0

0

0

New Commercial

1

$1,300,000

0

$0

0

$0

0

$0

0

$325,000

Residential Remodel

1

$18,000

1

$352,000

1

$60,001

4

$62,417

2

$123,105

Commercial Remodel

0

$0

0

$0

0

$0

0

$0

0

$0

Public

0

$0

1

$1,258,000

0

$0

0

$0

0

$314,500

Miscellaneous Total

$0

0

$0

0

$0

0

$0

0

$0

0

$0

11

$10,060,000

17

$13,440,203

12

$5,520,358

11

$4,775,417

13

$8,448,995

TOTAL Total Housing Starts

69

$21,453,743

95

$34,554,200

106

$31,043,904

74

$24,211,305

86

$27,815,788

Single Family

46

$18,254,743

90

$33,296,200

100

$29,921,904

72

$23,811,305

77

$26,321,038

Twin Home

22

$2,949,000

5

$1,258,000

6

$1,122,000

2

$400,000

9

$1,432,250

Row/Town House

0

0

$0

0

0

$0

0

0

$0

0

0

$0

0

0

$0

Duplex

1

1

$250,000

0

0

$0

0

0

$0

0

0

$0

0

0

$62,500

Multi-Family

0

0

$0

0

0

$0

0

0

$0

0

0

$0

0

0

New Commercial

5

$2,767,333

8

$1,602,434

8

$2,471,033

3

$240,200

6

$1,770,250 $2,513,677

Residential Remodel

$0

107

$1,886,973

121

$2,672,600

87

$1,936,088

110

$3,559,048

106

Commercial Remodel

9

$218,170

16

$1,427,386

10

$1,631,050

13

$4,323,990

12

$1,900,149

Public

2

$7,909,925

5

$25,580,247

2

$1,255,193

5

$2,752,222

4

$9,374,397

41 233

$511,041 $34,747,185

64 309

$2,853,624 $68,690,491

98 311

$2,022,602 $40,359,870

65 270

$4,012,451 $39,099,216

67 281

$2,349,930 $45,724,191

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 August 2019

Minnesota

July 2019

August 2018

3.4%

2.8%

North Dakota

Oct. 21, 2019 YTD

Oct. 21, 2018 YTD

% change

$246,398

$237,152

3.9%

$592,588,142

$587,663,816

0.8%

548

440

24.5%

1,857

2,038

-8.9%

Closed MLS Volume

Source: bls.gov

2.4%*

United States

2.4%

2.6%

3.7%

3.8%

Closed MLS Volume - New Construction

Source: bls.gov

3.7%

Fargo-Moorhead

Closed MLS Volume - Existing Residential Units

Source: bls.gov

2.4%

2.4%

2.4%

3.843%

30-Year Fixed VA

3.560%

5-Year ARM

3.915%

15-Year Fixed

3.181%

30-Year Jumbo

3.563%

SINGLE AND MULTI-FAMILY BUILDING PERMITS August 2019 Minnesota

August 2018

% change

North Dakota

18,782

United States

1%

Fargo-Moorhead

$344

$354.20

Aug. 16

Aug. 23

Aug. 30

$345

$348.90

$349

$359.90

$357

Sep. 6

$374.50

$362

Sep. 13

Sep. 20

$361.70

$367

$390.00

$367

$371.60

$369

$383.80

$363

Oct. 11

$364.00

$354

$363.00

NATIONAL HOUSING MARKET INDEX Source: National Association of Home Builders

2,093

-25%

904,451

0%

Source: NAHB

904,678

CME Futures

Oct. 4

Source: NAHB

1,580

Aug. 9

Lumber Composite Price

Sep. 27

Source: NAHB

19,057

Source: National Association of Home Builders

Date

Source: Wells Fargo as of October 21, 2019

30-Year Fixed

FRAMING LUMBER PRICES

*Preliminary

MORTGAGE RATES - APR

Source: NAHB

836

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

Home Prices

Source: bls.gov

3.3%*

LOCAL REAL ESTATE

1,597

-48%

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.

Aug. 2019

Sep. 2019

Oct. 2019

67

68

71

National Midwest

59

58

preliminary

57

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

U.S.

Midwest

Sep. 16

Sep. 23

Sep. 30

$2.513

$2.641

$2.545

$2.640

$2.741

$2.737

Oct. 7

Oct. 14

$2.556

$2.536

$2.742

$2.727

NEW YEAR CELEBRATION & CITY NIGHT 5 - 8:30 p.m. | Jan. 30, 2020 Courtyard by Marriott, Moorhead

A celebration you will not want to miss, join us at this annual gathering of the building community and local government leaders. This event offers you a chance to ask questions and hear from local mayors regarding building industry issues, goals and priorities.

For details, visit hbafm.com, click Events, then Calendar.

Issue 5 | October 25, 2019

7


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

Plan For Next Season

Three weekends in 2020: May 2-3, 9-10 and 16-17 Noon - 5 p.m. Plan your projects now so you’ll have an entry for our industry’s premier event to welcome spring and the building season. Watch for entry applications in January with the deadline to enter a home in late February or early March. For more details, contact Allison Weckman at (701) 232-5846 or allisonw@hbafm.com.

FREE 8

No One Likes To Leave Money On The Table

What would you think if you could get a rebate for your loyalty to many of the nation’s leading manufacturers? You can through a free member benefit to builder and remodeler members of the North Dakota Association of Builders. There are currently over 50 of the country’s leading manufacturer brands participating in the Member Rebate Program offering the same rebates as the “Top-5 Builders” receive regardless of your volume! Visit www. hbarebates.com/ndab.html.

OPIOID CRISIS RESOURCES WWW.NAHB.ORG/OPIOIDS Permits Plus


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