Permits Plus Issue 6 2019

Page 1

Issue 6 | December 20, 2019

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

FOR YOUR CALENDAR: Jan. 8 - 9 Electrical Contractor Continuing Education 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 Feb. 18 Minnesota Building Contractor Continuing Education Feb. 28-March 1 Red River Valley Home & Garden Show

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 Minnesota Building Contractor Continuing Education

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.

Reminder From The Inspections Department Fargo’s Inspections Department reminds builders to include braced-wall details in plan submittals. The city enforces blocking at the seams in braced wall panels if the exterior sheeting is horizontal. If you are not using standard wall bracing you have to show how the wall is braced otherwise. If you do not show details on your plan, inspectors have to perform calculations in the field. This could delay your inspection process or cause changes to your plans. Find section 602.10.4.4 in your International Residential Code book to reference this rule in more detail.

North Dakota Building Code Available Online

Did you know the North Dakota building code is available online? Access all of the amendments and jurisdictions: communityservices. nd.gov/buildingcode/ Access the city of Fargo’s amendments: fargond.gov/citygovernment/departments/inspections/commercial-buildingpermits-fees/current-codes

New Year Celebration

BUILT TO INNOVATE - 2020 KICK-OFF PARTY On Jan. 30, grow your professionalism and connect with city staff and community leaders. In a night dedicated to the building industry, it’s your chance to: Learn something new Ask questions on topics important to you Make valuable connections Join forces with our involved and dedicated volunteers as we kick off 2020 priorities for the Association and Home Builders Care of F-M Foundation! Call (701) 232-5846 to register or visit www.hbafm.com (click “Calendar” and “New Year Celebration” on Jan. 30).

OPIOID CRISIS RESOURCES FREE

WWW.NAHB.ORG/OPIOIDS

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

November 2018 November 2019 843 764 765 67 11 0

628 82 54 0

-79

Percentage Difference -9%

-137 15 43 0

-18% 22% 391% N/A

Difference

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

36 106 1,761 507 34 439 3,726 $197,159,412

8 102 1,591 562 51 270 3,348 $178,832,386

-28 -4 -170 55 17 -169 -378 -$18,327,026

Single Family Twin Home Row / Town House Duplex

$181,301,617 $13,057,800 $2,799,995 $0

$152,934,700 $14,612,000 $11,285,686 $0

-$28,366,917 $1,554,200 $8,485,691 $0

-16% 12% 303% N/A

-38 -38 0 0 0

-30% -32% N/A N/A N/A

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

$126,864,578 $101,525,675 $27,413,022 $130,900,034 $60,656,005 $47,610,202 $692,128,928 126

$78,971,480 $147,010,407 $23,352,420 $132,690,723 $28,922,116 $17,090,715 $606,870,247 88

120 6 0 0

82 6 0 0

-$47,893,098 $45,484,732 -$4,060,602 $1,790,689 -$31,733,889 -$30,519,487 -$85,258,681

-78% -4% -10% 11% 50% -38% -10% -9%

-38% 45% -15% 1% -52% -64% -12%

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

0 12 100 13 2 127 380 $38,032,029

0 7 126 14 10 87 332 $27,276,305

0 -5 26 1 8 -40 -48 -$10,755,724

N/A -42% 26% 8% 400% -31% -13% -28%

Single Family Twin Home Row / Town House Duplex

$36,910,029 $1,122,000 $0 $0

$0 $3,646,033 $2,208,115 $1,762,050 $1,255,193 $2,205,606 $49,109,026

$26,296,305 $980,000 $0 $0

$0 $1,415,200 $3,951,048 $4,327,490 $6,041,532 $4,162,481 $47,174,056

-$10,613,724 -$142,000 $0 $0

$0 -$2,230,833 $1,742,933 $2,565,440 $4,786,339 $1,956,875 -$1,934,970

-29% -13% N/A N/A

N/A -61% 79% 146% 381% 89% -4%

4,106

3,680

-426

-10%

$741,237,954

$654,044,303

-$87,193,651

-12%

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

Permits Plus


609 Main Avenue Moorhead, MN

218.233.6104

Lots Available!

A Great Variety of Communities for You to Call Home

Call Tom Deacon For More Info At 701-499-3937 | tdeacon@propertyresourcesgroup.com Issue 6 | Dec. 20, 2019

3


4

Permits Plus

196 148 48 0 0 15 30 472 88 0 44 845 497 366 52 79 0 27 80 1020 338 32 349 2,343 420 303 54 31 0 3 39 398 44 8 36 948 1,140 840 158 110 0 45 152 1944 475 40 442 4,238

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

27 23 4 0 0 0 3 54 5 0 13 102

Permits

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

DILWORTH

169 141 4 0 12 9 30 469 68 0 67 812

21 21 0 0 0 0 0 62 2 0 19 104

$255,941,434 1,101 $209,665,214 894 $25,955,890 133 142 $20,320,330 27 0 $0 12 1246 $105,146,483 37 $110,995,902 132 $26,978,046 2051 $109,239,361 504 $139,029,608 36 $37,568,790 532 $784,899,624 4,393

$100,482,336 444 $82,974,336 366 $8,105,000 47 63 $9,403,000 8 0 $0 0 42 $4,759,000 0 $40,516,630 41 $7,055,590 444 $27,550,112 74 $9,795,097 8 $10,946,315 17 $201,105,080 1,028

$108,827,349 467 $89,105,129 366 $8,804,890 82 79 $10,917,330 19 0 $0 0 902 $76,040,603 28 $59,590,558 61 $14,782,121 1076 $72,050,626 360 $129,234,511 28 $25,657,411 429 $486,183,179 2,449

0 0 302

0 0 0

$7,303,850 $6,363,850 $940,000 $0 $0 $0 $422,000 $329,896 $612,500 $0 $41,689 $8,709,935

Value Permits

$39,327,899 $31,221,899 $8,106,000 $0 $0 $24,346,880 $10,466,714 $4,810,439 $9,026,123 $0 $923,375 $88,901,430

2015 Units

$4,775,900 $4,775,900 $0 $0 $0 $0 $0 $416,456 $1,195,778 $0 $169,800 $6,557,934

313 252 43 18 0 0 26 420 53 5 14 831

$260,003,969 874 $223,381,364 679 $23,088,933 79 50 $9,933,672 116 24 $3,600,000 0 1097 $96,165,376 16 $170,251,413 119 $31,857,725 2073 $173,602,705 511 $75,079,598 40 $41,797,300 422 $848,758,086 4,055

$101,215,173 $87,016,840 $9,858,333 31 $4,340,000 0 $0 0 $0 $51,114,550 $6,611,754 $10,754,550 $36,890,542 $3,655,718 $210,242,287

$120,267,596 438 $102,193,324 312 $12,480,600 28 19 $5,593,672 98 0 $0 0 818 $73,298,646 15 $86,094,623 57 $19,297,228 1152 $81,157,234 367 $38,189,056 35 $37,461,689 353 $455,766,072 2,417

116 108 8 0 0 1 31 455 89 0 35 727

7 7 0 0 0 0 5 46 2 0 20 80

Value Permits

$33,745,300 $29,395,300 $750,000 0 $0 24 $3,600,000 279 $22,866,730 $33,042,240 $5,532,287 $80,495,143 $0 $510,093 $176,191,793

0 0 0

Units

2016 $1,146,000 $1,146,000 $0 $0 $0 $0 $4,456,413 $313,212 $79,385 $0 $40,342 $6,035,352

385 355 30 0 0 3 29 339 47 8 65 876 $192,335,015 843 $159,003,017 765 $16,842,000 67 116 $16,489,998 11 0 $0 0 846 $76,369,598 36 $205,061,730 106 $31,955,479 1761 $101,326,497 507 $31,879,497 34 $40,678,113 439 $679,605,929 3,726

$71,558,965 $58,232,965 $10,986,000 18 $2,340,000 0 $0 0 $0 $27,841,695 $6,830,655 $7,666,227 $13,028,343 $662,915 $127,588,800

$97,094,645 309 $78,208,647 274 $4,736,000 24 98 $14,149,998 11 0 $0 0 801 $71,969,598 26 $114,081,485 61 $19,302,871 964 $69,005,478 372 $18,851,154 26 $39,574,272 303 $429,879,503 2,061

134 121 13 0 0 7 14 430 83 0 53 721

15 15 0 0 0 0 2 28 5 0 18 68

Value Permits

$22,535,405 $21,415,405 $1,120,000 0 $0 0 $0 45 $4,400,000 $58,682,137 $5,508,741 $24,575,407 $0 $400,584 $116,102,274

0 0 0

Units

2017

$27,115,387 $24,770,387 $2,345,000 $0 $0 $19,250,000 $7,698,660 $4,462,234 $31,596,406 $0 $379,997 $90,502,684

$4,246,000 $4,246,000 $0 $0 $0 $0 $2,900,000 $301,359 $505,315 $0 $527,000 $8,479,674 124 116 8 0 0 3 20 440 89 0 48 724

19 19 0 0 0 0 2 27 4 0 21 73

Value Permits

310 226 70 14 0 3 28 303 63 11 71 789 $197,159,412 764 $181,301,617 628 $13,057,800 82 11 $2,799,995 54 0 $0 0 1189 $126,864,578 8 $101,525,675 102 $27,413,022 1591 $130,900,034 562 $60,656,005 51 $47,610,202 270 $692,128,928 3,348

$85,344,076 $80,503,076 $4,841,000 0 $0 0 $0 90 $15,517,285 $30,533,552 $5,149,471 $13,833,243 $10,136,186 $2,956,340 $163,470,153

$80,453,949 311 $71,782,154 267 $5,871,800 4 11 $2,799,995 40 0 $0 0 914 $92,097,293 2 $60,393,463 52 $17,499,958 821 $84,965,070 406 $50,519,819 40 $43,746,865 130 $429,676,417 1,762

0 0 185

0 0 0

Units

2018

Home Builders Association of Fargo-Moorhead

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

$178,832,386 $152,934,700 $14,612,000 54 $11,285,686 0 $0 571 $78,971,480 $147,010,407 $23,352,420 $132,690,723 $28,922,116 $17,090,715 $606,870,247

$74,092,705 $58,266,705 $12,606,000 14 $3,220,000 0 $0 318 $48,489,657 $32,527,950 $4,201,059 $14,894,785 $2,840,990 $9,307,008 $186,354,154

$76,579,647 $67,993,961 $520,000 40 $8,065,686 0 $0 172 $19,400,000 $101,733,696 $14,232,949 $92,157,011 $26,081,126 $7,301,165 $337,485,594

0 0 81

0 0 0

$4,450,502 $4,450,502 $0 $0 $0 $0 $1,055,000 $168,985 $51,386 $0 $164,298 $5,890,171

Value

$23,709,532 $22,223,532 $1,486,000 $0 $0 $11,081,823 $11,693,761 $4,749,427 $25,587,541 $0 $318,244 $77,140,328

2019 Units

944 761 104 64 2 28 122 1884 512 40 421 3,952

374 300 49 14 0 2 33 381 56 8 41 894

404 317 38 49 0 20 62 1007 369 32 313 2,206

148 127 16 0 2 7 25 453 83 0 49 766

18 17 1 0 0 0 2 43 4 0 18 85

Permits

75 5 990

25 0 90

49 0 721

0 5 178

0 0 0

Value

$4,384,450 $4,196,450 $188,000 $0 $0 $0 $1,766,683 $305,982 $488,873 $0 $188,626 $7,134,613

$216,854,443 $185,257,182 $18,711,325 $12,165,936 $720,000 $96,703,503 $146,969,025 $28,311,338 $129,551,864 $67,113,365 $36,949,024 $722,452,563

$86,538,651 $73,398,784 $9,279,267 $3,860,600 $0 $13,753,188 $36,506,875 $5,969,706 $14,939,783 $14,538,232 $5,505,659 $177,752,095

$96,644,637 $81,856,643 $6,482,658 $8,305,336 $0 $66,561,228 $84,378,765 $17,023,025 $79,867,084 $52,575,133 $30,748,280 $427,798,153

$29,286,705 $25,805,305 $2,761,400 $0 $720,000 $16,389,087 $24,316,702 $5,012,626 $34,256,124 $0 $506,459 $109,767,702

5-Yr Avg Units


Home Builders Association of Fargo-Moorhead

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

Permits

Units

2017 Value Permits

Units

2018 Value Permits

Units

2019 Value Permits

Units

4-Yr Avg Value

Permits

Units

Value

17

$3,891,000

4

$1,389,000

11

$1,810,757

10

$2,055,000

10

$2,286,439 $2,086,439

12

$3,091,000

4

$1,389,000

11

$1,810,757

10

$2,055,000

9

Twin Home

0

$0

0

$0

0

$0

0

$0

0

Row/Town House

1

5

$800,000

0

0

$0

0

0

$0

0

0

$0

0

1

$200,000 $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

3

$326,200

2

$168,827

Residential Remodel

51

$603,176

57

$418,469

32

$568,945

65

$1,296,701

51

$721,823

Commercial Remodel

5

$60,500

3

$20,545

2

$1,062,000

8

$325,990

5

$367,259

Public

0

$0

0

$0

2

$1,255,193

4

$154,700

2

$352,473

42 115

$128,311 $4,682,987

22 87

$33,164 $1,957,178

71 121

$711,074 $5,661,077

36 126

$135,430 $4,294,021

43 112

$251,995 $4,148,816

Miscellaneous Total

$0

CASSELTON, ND Total Housing Starts

2

$1,111,000

6

$2,125,006

7

$2,643,000

4

$1,172,885

5

$1,762,973

Single Family

2

$1,111,000

6

$2,125,006

5

$2,273,000

4

$1,172,885

4

$1,670,473

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

3

$343,320

1

$140,434

3

$1,712,925

0

$0

2

Residential Remodel

34

$524,115

20

$380,816

16

$414,600

16

$434,550

22

$438,520

Commercial Remodel

4

$62,000

5

$1,045,000

4

$385,300

4

$2,736,500

4

$1,057,200

Public Miscellaneous Total

$92,500

$0 $549,170

1

$1,470,600

4

$23,579,037

0

$0

2

$2,417,000

2

$6,866,659

3 47

$52,000 $3,563,035

0 36

$0 $27,270,293

0 30

$0 $5,155,825

3 29

$8,000 $6,768,935

2 36

$15,000 $10,689,522

HARWOOD, ND Total Housing Starts

4

$1,389,000

1

$220,000

4

$1,061,000

0

$0

2

$667,500

Single Family

4

$1,389,000

1

$220,000

4

$1,061,000

0

$0

2

$667,500

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

0

$0

0

$0

1

$100,000

0

$25,000 $105,950

$0

Residential Remodel

6

$174,800

7

$75,500

6

$78,500

3

$95,000

6

Commercial Remodel

1

$99,000

0

$0

0

$0

0

$0

0

$24,750

Public

0

$0

1

$250,000

0

$0

1

$3,134,610

1

$846,153

14 25

$395,600 $2,058,400

4 13

$207,000 $752,500

2 12

$30,000 $1,169,500

7 12

$102,000 $3,431,610

7 16

$183,650 $1,853,003

Miscellaneous Total HAWLEY, MN Total Housing Starts

6

$1,460,000

4

$1,025,000

6

$1,547,900

7

$1,865,000

6

$1,474,475

Single Family

5

$1,210,000

4

$1,025,000

6

$1,547,900

7

$1,865,000

6

$1,411,975

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

1

$800,000

1

$353,833

$0

Residential Remodel

4

$11,100

0

$0

1

$4,000

1

$210,000

2

$56,275

Commercial Remodel

0

$0

0

$0

2

$132,000

0

$0

1

$33,000

Public

0

$0

0

$0

0

$0

0

$0

0

$0

16 27

$97,350 $2,183,783

18 22

$1,997,125 $3,022,125

19 28

$244,275 $1,928,175

11 20

$76,700 $2,951,700

16 24

$603,863 $2,521,446

Miscellaneous Total HORACE, ND Total Housing Starts

8

$3,516,000

42

$12,253,935

50

$13,773,125

33

$10,361,300

33

$9,976,090

Single Family

8

$3,516,000

41

$11,853,935

50

$13,773,125

33

$10,361,300

33

$9,876,090

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

4

$284,000

6

$1,391,000

2

$650,000

0

$0

3

$581,250

Residential Remodel

12

$389,336

26

$2,658,896

8

$304,000

11

$1,326,080

14

$1,169,578

Commercial Remodel

2

$125,000

7

$786,841

2

$35,000

0

$0

3

$236,710

Public

0

$0

0

$0

0

$0

0

$0

0

$0

Miscellaneous

16

$222,326

31

$621,116

31

$913,257

25

$3,782,151

26

$1,384,713

Total

42

$4,536,662

112

$17,711,788

93

$15,675,382

69

$15,469,531

79

$13,348,341

Issue 6 | Dec. 20, 2019 12/13/2019

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.

$100,000

$0

5


Home Builders Association of Fargo-Moorhead

Outlying Communities Building Permit Report 2019 - Year-to-Date - Page 2 (November) 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

7

$1,817,000

5

$1,500,000

10

$3,211,956

10

$2,670,525

8

$2,299,870

Single Family

7

$1,817,000

5

$1,500,000

10

$3,211,956

8

$2,270,525

8

$2,199,870

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

9

$90,198

11

$144,049

12

$283,200

10

$259,212

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 15

$0 $2,336,400

0 18

$0 $2,903,298

1 23

$3,000 $3,391,755

3 28

$46,700 $3,335,647

1 21

$12,425 $2,991,775

Miscellaneous Total

$100,000

$0

MAPLETON, ND Total Housing Starts

43

$8,157,743

42

$10,964,556

25

$6,760,934

16

$4,138,595

32

$7,505,457

Single Family

19

$4,838,743

36

$9,726,556

21

$6,008,934

12

$3,558,595

22

$6,033,207

Twin Home

24

$3,319,000

6

$1,238,000

4

$752,000

4

$580,000

10

$1,472,250

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

1

$650,000

0

$0

2

$680,000

1

$44,000

1

$343,500

Residential Remodel

13

$144,786

23

$133,173

25

$634,020

14

$243,100

19

$288,770

Commercial Remodel

1

$30,670

3

$5,000

2

$115,000

2

$1,265,000

2

$353,918

Public

1

$6,439,325

0

$0

0

$0

0

$0

0

$1,609,831

0 59

$0 $15,422,524

1 69

$68,000 $11,170,729

3 57

$304,000 $8,493,954

2 35

$11,500 $5,702,195

2 55

$95,875 $10,197,351

10

$9,272,000

16

$12,501,603

13

$7,223,357

8

$5,013,000

12

$8,502,490

10

$9,272,000

16

$12,501,603

13

$7,223,357

8

$5,013,000

12

$8,502,490

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

Miscellaneous Total

$0

OXBOW, ND Total Housing Starts Single Family

$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

2

$350,000

1

$145,000

1

$448,750

Residential Remodel

1

$18,000

2

$744,500

1

$60,001

4

$62,417

2

$221,230

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

12

$10,590,000

19

$14,504,103

16

$7,633,358

13

$5,220,417

15

$9,486,970

TOTAL Total Housing Starts

97

$30,613,743

120

$41,979,100

126

$38,032,029

88

$27,276,305

108

$34,475,294

Single Family

67

$26,244,743

113

$40,341,100

120

$36,910,029

82

$26,296,305

96

$32,448,044

Twin Home

24

$3,319,000

7

$1,638,000

6

$1,122,000

6

$980,000

11

$1,764,750

Row/Town House

1

5

$800,000

0

0

$0

0

0

$0

0

0

$0

0

1

$200,000

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

10

$3,192,653

10

$1,972,434

12

$3,646,033

7

$1,415,200

10

$2,556,580

Residential Remodel

129

$2,384,713

144

$4,501,552

100

$2,208,115

126

$3,951,048

125

$3,261,357

Commercial Remodel

13

$377,170

19

$1,872,386

13

$1,762,050

14

$4,327,490

15

$2,084,774

2

$7,909,925

7

$26,040,137

2

$1,255,193

10

$6,041,532

5

$10,311,697

91 342

$895,587 $45,373,791

76 376

$2,926,405 $79,292,014

127 380

$2,205,606 $49,109,026

87 332

$4,162,481 $47,174,056

95 358

$2,547,520 $55,237,222

New Commercial

Public Miscellaneous Total

$0

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 Oct 2019

Minnesota

Sept 2019

Oct 2018

3.2%

2.8%

North Dakota

Dec. 17, 2019 YTD

Dec. 17, 2018 YTD

% change

$247,111

$237,615

4.0%

$702,290,036

$695,735,317

0.9%

400

446

-10.3%

2,442

2,482

-1.6%

Closed MLS Volume

Source: bls.gov

2.5%*

United States

2.5%

2.6%

3.5%

3.8%

Closed MLS Volume - New Construction

Source: bls.gov

3.6%

Fargo-Moorhead

Closed MLS Volume - Existing Residential Units

Source: bls.gov

2.3%

2.4%

2.3%

30-Year Fixed

3.855%

15-Year Fixed

3.202%

30-Year Jumbo

3.565%

3.477%

5-Year ARM

3.972%

SINGLE AND MULTI-FAMILY BUILDING PERMITS Oct. 2019

Minnesota

Oct. 2018

% change

North Dakota

23,598

United States

4%

Fargo-Moorhead

$353

$389.60

Oct. 18

Oct. 25

$354

$363.00

$362

$402.10

Nov. 1

$370

Nov. 15

$373

Nov. 8

Nov. 22

$404.10

$374

$386.00

$373

$410.40

$382.00

$373

$416.60

$372

Dec. 13

$405.30

$369

$397.80

NATIONAL HOUSING MARKET INDEX Source: National Association of Home Builders

3,100

-26%

1,120,962

3%

Source: NAHB

1,151,346

CME Futures

Dec. 6

Source: NAHB

2,301

Oct. 11

Lumber Composite Price

Nov. 29

Source: NAHB

24,658

Source: National Association of Home Builders

Date

Source: Wells Fargo as of Dec. 17, 2019

30-Year Fixed VA

FRAMING LUMBER PRICES

*Preliminary

MORTGAGE RATES - APR

Source: NAHB

1,273

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

Home Prices

Source: bls.gov

3.2%*

LOCAL REAL ESTATE

2,184

-42%

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.

Oct. 2019

Nov. 2019

Dec. 2019

71

71

76

National Midwest

57

58

preliminary

73

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

U.S.

Midwest

Nov. 18

Nov. 25

$2.435

$2.403

$2.592

$2.579

Dec. 2

$2.575 $2.424

Dec. 9

Dec. 16

$2.424

$2.391

$2.561

$2.536

Plan For Next Season

3 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 early March. For more details, contact Allison Weckman at (701) 232-5846 or allisonw@hbafm.com.

Issue 6 | Dec. 20, 2019

7


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

MINNESOTA BUILDING CONTRACTOR CONTINUING EDUCATION Two Dates - Different Topics GET ALL 14 CREDITS TO SATISFY YOUR TWO-YEAR CYCLE!

JAN. 28 Ventilation Concepts and Troubleshooting Decks: Built for Fun, Meant to Last High Performance Homes

Location: Butler Machinery Company

FEB. 18 Windows: Key To Energy Savings And Comfort It’s Over My Head: Roofing 101 Sustainable Design For Kitchens And Baths Tech Trends To Increase Profits

SPONSORED BY

3401 33rd St SW, Fargo

Cost: Full-Day Member $130

(register by Dec. 31 and receive $25 off)

Full-Day Non-Member $260

(register by Dec. 31 and receive $50 off)

Price includes breakfast, lunch and materials

Register: hbafm.com - Click “Events” and “Calendar” 8

Classes are pending approval for 7 hours of residential contractor continuing education, including one hour of energy, satisfying requirements for building contractors, residential remodeling or residential roofing for re-licensure.

Permits Plus


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