Permits Plus Issue 6 2020

Page 1

Issue 6 | Dec. 18, 2020

Permits Plus + A bi-monthly statistics and advocacy update for HBA of F-M members FOR YOUR CALENDAR Jan. 14 - Get On The Level: Legalities & Contracts

Jan. 21 - Minnesota Power Limited Technician Continuing Education

Jan. 26, Feb. 18 - Minnesota Building Contractor Continuing Education with Moorhead Building Official Jack Nyberg Feb. 4 - Selling High Performance Homes For 8% Premium March 17 - Feeling Lucky? Misfortunes Can Disrupt A Business

April 8 - What To Expect From A Roadside Inspection Visit the calendar at hbafm.com to register.

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

Published six times per year in addition to the Plains Builder, Permits Plus aims to provide a concise report on building permit numbers and a timely update on Association advocacy efforts.

CDLs & The Homebuilding Industry

Questions surfaced in the past few months about road rules and driving regs involving commercial motor vehicles, commercial drivers’ licenses and rigs common to the homebuilding industry. Think: pick-ups towing dump trailers or small machinery. Log into the HBA’s members-only website at hbafm.com to access a recording with Minnesota State Patrol Commercial Vehicle Inspector Eric Sundby and printable materials addressing the questions you want answered.

Legislative Sessions Kick Off Jan. 5

HBA of F-M member volunteers and staff are engaged in preparing for the upcoming legislative sessions in both states. In North Dakota, there is a bill in the works requiring legislative approval of code changes and a $1 billion bonding proposal including workforce academy funding. Minnesota’s legislature will take up budget issues and HBA volunteers and staff are working with the city of Moorhead on legislation to promote code equity when constructing homes in border cities.

Big News About MN Energy Code

The Minnesota Department of Labor and Industry announced Dec. 9 that the Minnesota residential energy code will not change. HBA of F-M and Minnesota business organizations submitted written testimony at the administrative hearing. The judge then advised that all rulemaking should be postponed. HBA collaborated closely with Housing First of Minnesota which issued this statement.

Avoid COVID-19 Related OSHA Fines

HBA of F-M learned from member OECS OSHA + Environmental Compliance Systems that COVID-related fines by OSHA are happening, especially in Minnesota. They are not confined to the Twin Cities metro area. Visit the HBA of F-M’s members-only website to access links to help you be prepared.

HBA Calls On Horace To Avoid Antimonotony Ordinances HBA of F-M has submitted a letter to the Horace city council asking that antimonotony ordinances be disregarded. HBA recognizes how aesthetic and structural diversity does have value, but contends that as Horace grows, so does the risk that affordable housing will not be available to families the city needs. Antimonotony ordinances increase housing costs by requiring builders to make unnecessary yet costly changes. HBA is excited to continue being a resource to Horace as the city grows.

Election Success

HBA of F-M requested NDAB-PAC support for a total of 14 Cass County Commission and local legislative candidates in November. All requests were granted and 13 of the candidates were elected. 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

October 2019 739

October 2020 920

603 82 54 0

828 38 54 0

181

Percentage Difference 24%

225 -44 0 0

37% -54% 0% 0%

Difference

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

7 97 1,511 524 49 252 3,179 $171,151,886

21 93 1,590 456 44 392 3,516 $241,195,543

14 -4 79 -68 -5 140 337 $70,043,657

200% -4% 5% -13% -10% 56% 11% 41%

Single Family Twin Home Row / Town House Duplex

$145,254,200 $14,612,000 $11,285,686 $0

$222,792,743 $8,948,452 $9,454,348 $0

$77,538,543 -$5,663,548 -$1,831,338 $0

53% -39% -16% 0%

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

$67,971,480 $141,575,407 $21,747,030 $126,212,158 $27,122,059 $14,920,625 $570,700,645 86

$97,670,603 $188,837,793 $25,072,752 $156,716,817 $140,662,853 $48,905,498 $899,061,859 139

80 6 0 0

135 4 0 0

$29,699,123 $47,262,386 $3,325,722 $30,504,659 $113,540,794 $33,984,873 $328,361,214

44% 33% 15% 24% 419% 228% 58%

53 55 -2 0 0

62% 69% -33% 0% 0%

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

0 5 121 14 9 74 309 $26,756,305

0 20 153 12 14 110 448 $44,509,098

0 15 32 -2 5 36 139 $17,752,793

0% 300% 26% -14% 56% 49% 45% 66%

Single Family Twin Home Row / Town House Duplex

$25,776,305 $980,000 $0 $0

$43,909,098 $600,000 $0 $0

$18,132,793 -$380,000 $0 $0

70% -39% 0% 0%

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

$0 $1,170,200 $3,790,548 $4,327,490 $2,906,922 $4,037,230 $42,988,695

$0 $7,651,876 $3,075,302 $4,469,080 $52,963,207 $2,595,518 $115,264,081

$0 $6,481,676 -$715,246 $141,590 $50,056,285 -$1,441,712 $72,275,386

0% 554% -19% 3% 1722% -36% 168%

3,488

3,964

476

14%

$613,689,340

$1,014,325,940

$400,636,600

65%

Permits Plus


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Job Opening? Post It On Our Website

Post your open positions and share them through social media for only $5 per week! Contact Tahra Doll at tahra@hbafm.com or (701) 232-5846. Visit hbafm. com and click the job bank button to view the latest openings.

Fire Up For 2021! Join A Committee

HBA of F-M committees are the heart and soul of our Association and the best way to connect with fellow members, build valuable relationships and hone your leadership skills. Take your pick from the

Issue 6 | Dec. 18, 2020

likes of HBA Ambassadors, Parade of Homes, Public Issues, Education, Events, Home & Garden Show and Remodelers Council. Interested in learning more? Contact Spencer Carlson at spencer@hbafm.com or (701) 232-5846. You can also log into the members-only website at hbafm.com, click Settings, then Groups to read about them all.

Tell Me Something Good

Send your company news to Krista Mund at kristam@ hbafm.com to share with the HBA of F-M membership. 3


4

Permits Plus

159 131 4 12 9 28 440 63 64 763 445 344 82 19 24 57 1004 338 28 403 2,299 433 355 47 8 37 423 69 8 17 987 1,058 851 133 27 12 33 122 1929 472 36 503 4,153

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

21 21 62 2 19 104

Permits

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

DILWORTH

2016 $4,775,900 $4,775,900 $416,456 $1,195,778 $169,800 $6,557,934

308 247 43 18 26 396 49 5 14 798

$246,074,947 786 $209,452,342 651 $23,088,933 77 50 $9,933,672 58 24 $3,600,000 1065 $90,757,376 15 $163,524,840 106 $29,564,428 1961 $171,321,888 473 $75,079,598 37 $39,055,622 385 $815,378,699 3,763

$97,327,760 $83,129,427 $9,858,333 31 $4,340,000 $48,655,420 $6,116,898 $10,446,825 $36,890,542 $3,655,718 $203,093,163

$112,215,987 359 $94,141,715 293 $12,480,600 26 19 $5,593,672 40 786 $67,890,646 14 $82,327,180 48 $17,903,762 1097 $79,533,024 339 $38,189,056 32 $34,744,511 323 $432,804,166 2,212

112 104 8 1 28 426 83 31 681

7 7 4 42 2 17 72

Value Permits

$31,755,300 $27,405,300 $750,000 24 $3,600,000 279 $22,866,730 $32,542,240 $5,127,312 $80,146,261 $485,593 $172,923,436

-

Units

$1,146,000 $1,146,000 $4,156,413 $255,552 $79,385 $32,746 $5,670,096

372 342 30 3 24 331 40 8 63 841

$173,467,817 807 $149,305,817 729 $16,322,000 67 58 $7,840,000 11 841 $75,711,598 35 $181,465,230 95 $30,244,401 1674 $85,030,901 466 $29,452,772 34 $37,893,357 394 $613,266,076 3,505

18 -

$70,195,565 $56,869,565 $10,986,000 $2,340,000 $27,841,695 $6,278,000 $7,611,727 $13,028,343 $662,915 $125,618,245

$80,345,847 289 $70,629,847 254 $4,216,000 24 40 $5,500,000 11 796 $71,311,598 25 $92,364,985 56 $18,507,221 910 $53,285,085 342 $16,424,429 26 $36,832,112 270 $369,071,277 1,918

131 118 13 7 13 405 79 44 679

15 15 2 28 5 17 67

Value Permits

$21,780,405 $20,660,405 $1,120,000 45 $4,400,000 $57,102,137 $5,203,628 $24,054,704 $365,584 $112,906,458

-

Units

2017

$26,355,487 $24,010,487 $2,345,000 $19,250,000 $7,548,660 $4,240,603 $31,331,406 $379,997 $89,106,153

$4,246,000 $4,246,000 $2,900,000 $301,359 $505,315 $511,000 $8,463,674 124 116 8 3 20 420 82 47 696

17 17 2 26 4 18 67

Value Permits

303 219 70 14 3 26 295 60 11 63 761 $187,986,512 739 $172,128,717 603 $13,057,800 82 11 $2,799,995 54 1173 $125,364,578 7 $95,795,200 97 $26,092,636 1511 $119,521,182 524 $60,656,005 49 $46,161,317 252 $661,577,430 3,179

$83,064,076 $78,223,076 $4,841,000 90 $15,517,285 $28,770,477 $5,089,952 $12,637,093 $10,136,186 $2,896,840 $158,111,909

$74,320,949 295 $65,649,154 251 $5,871,800 4 11 $2,799,995 40 898 $90,597,293 1 $56,576,063 49 $16,460,722 770 $75,047,368 378 $50,519,819 38 $42,373,480 124 $405,895,694 1,655

185

-

Units

2018

$23,709,532 $22,223,532 $1,486,000 $11,081,823 $11,693,761 $4,519,688 $24,709,741 $318,244 $76,032,789

$4,100,502 $4,100,502 $1,055,000 $164,985 $51,386 $157,148 $5,529,021 125 117 8 3 12 458 84 36 718

17 17 1 25 2 28 73

Value Permits

352 330 22 5 21 297 65 5 79 824 $171,151,886 920 $145,254,200 828 $14,612,000 38 54 $11,285,686 54 479 $67,971,480 21 $141,575,407 93 $21,747,030 1590 $126,212,158 456 $27,122,059 44 $14,920,625 392 $570,700,645 3,516

$71,824,205 $55,998,205 $12,606,000 14 $3,220,000 318 $48,489,657 $28,432,950 $3,997,559 $14,699,785 $2,840,990 $7,505,508 $177,790,654

$71,517,647 426 $62,931,961 364 $520,000 8 40 $8,065,686 54 80 $8,400,000 13 $100,393,696 59 $13,064,798 810 $86,751,246 305 $24,281,069 39 $6,939,725 249 $311,348,181 1,901

81

-

Units

2019

Home Builders Association of Fargo-Moorhead

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

$241,195,543 $222,792,743 $8,948,452 54 $9,454,348 886 $97,670,603 $188,837,793 $25,072,752 $156,716,817 $140,662,853 $48,905,498 $899,061,859

$95,560,506 $89,567,566 $5,992,940 35 $4,725,000 $29,392,315 $5,171,425 $21,073,002 $2,738,142 $3,422,971 $162,083,361

$113,053,666 $102,123,806 $1,475,512 54 $9,454,348 815 $88,573,603 $136,298,540 $15,153,127 $104,416,639 $137,924,711 $44,923,040 $640,343,326

36

-

$5,266,824 $5,266,824 $1,075,000 $265,637 $165,000 $133,836 $6,906,297

Value

$27,314,547 $25,834,547 $1,480,000 $4,372,000 $22,071,938 $4,482,563 $31,062,176 $425,651 $89,728,875

2020 Units

862 732 79 41 2 22 103 1733 478 40 385 3,623

354 299 42 8 2 27 348 57 7 47 842

363 301 29 33 15 54 918 340 33 274 1,997

130 117 8 2 5 20 430 78 44 707

15 15 2 37 3 20 77

Permits

46 5 889

13 89

33 675

5 125

-

Value

$3,907,045 $3,907,045 $1,837,283 $280,798 $399,373 $200,906 $6,625,405

$203,975,341 $179,786,764 $15,205,837 $8,262,740 $720,000 $91,495,127 $154,239,694 $26,544,250 $131,760,589 $66,594,658 $37,387,284 $711,996,943

$83,594,423 $72,757,568 $8,856,855 $1,980,000 $13,746,388 $32,618,571 $5,330,767 $13,293,686 $13,126,841 $3,628,790 $165,339,466

$90,290,819 $79,095,297 $4,912,782 $6,282,740 $65,354,628 $93,592,093 $16,217,926 $79,806,672 $53,467,817 $33,162,574 $431,892,529

$26,183,054 $24,026,854 $1,436,200 $720,000 $12,394,111 $26,191,747 $4,714,759 $38,260,858 $395,014 $108,139,543

5-Yr Avg Units


Home Builders Association of Fargo-Moorhead

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

Permits

2017

Units

Value Permits

11

$2,833,000

Units

2018 Value Permits

Units

2019 Value Permits

4

$1,389,000

10

$1,707,757

Units

2020 Value Permits

Units

5-Yr Avg Value

Permits 9

$2,112,751 $2,112,751

9

$1,835,000

12

$2,799,000

Units

Value

11

$2,833,000

4

$1,389,000

10

$1,707,757

9

$1,835,000

12

$2,799,000

9

Twin Home

-

-

-

-

-

-

-

-

-

-

-

Row/Town House

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Duplex

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Multi-Family

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

New Commercial

-

-

1

$96,000

3

$253,108

3

$326,200

1

$70,000

2

$149,062

Residential Remodel

44

$506,376

56

$417,669

29

$540,918

65

$1,296,701

43

$577,800

47

$667,893

Commercial Remodel

5

$60,500

3

$20,545

2

$1,062,000

8

$325,990

2

$51,500

4

$304,107

Public

-

-

-

-

2

$1,255,193

4

$154,700

1

$17,000

1

$285,379

18 78

$127,591 $3,527,467

22 86

$33,164 $1,956,378

50 96

$615,859 $5,434,835

30 119

$112,179 $4,050,770

49 108

$787,040 $4,302,340

34 97

$335,167 $3,854,359

Miscellaneous Total

-

CASSELTON, ND Total Housing Starts

2

$1,111,000

6

$2,125,006

6

$2,193,000

4

$1,172,885

1

$200,000

3

$1,360,378

Single Family

2

$1,111,000

6

$2,125,006

4

$1,823,000

4

$1,172,885

1

$200,000

3

$1,286,378

Twin Home

-

-

-

-

2

$370,000

-

-

-

-

-

Row/Town House

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Duplex

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Multi-Family

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

New Commercial

3

$343,320

1

$140,434

1

$887,925

-

-

4

$2,540,181

2

Residential Remodel

34

$524,115

19

$300,816

16

$414,600

16

$434,550

12

$207,058

19

$376,228

Commercial Remodel

2

$52,000

4

$870,000

3

$375,300

4

$2,736,500

5

$3,819,720

4

$1,570,704

Public Miscellaneous Total

$74,000

$782,372

1

$1,470,600

3

$23,369,147

-

-

2

$2,417,000

1

$275,000

1

$5,506,349

3 45

$52,000 $3,553,035

33

$26,805,403

26

$3,870,825

3 29

$8,000 $6,768,935

13 36

$348,785 $7,390,744

4 33

$81,757 $9,677,788

HARWOOD, ND Total Housing Starts

4

$1,389,000

1

$220,000

4

$1,061,000

-

-

-

-

2

$534,000

Single Family

4

$1,389,000

1

$220,000

4

$1,061,000

-

-

-

-

2

$534,000

Twin Home

-

-

-

-

-

-

-

-

-

-

-

Row/Town House

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Duplex

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Multi-Family

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

New Commercial

-

-

-

-

-

-

-

-

-

-

-

-

Residential Remodel

6

$174,800

7

$75,500

6

$78,500

-

-

1

$75,000

4

$80,760

Commercial Remodel

1

$99,000

-

-

-

-

-

-

-

-

-

$19,800

Public

-

-

1

$250,000

-

-

-

-

-

-

-

$50,000

14 25

$395,600 $2,058,400

4 13

$207,000 $752,500

2 12

$30,000 $1,169,500

-

-

1 2

$37,000 $112,000

4 10

$133,920 $818,480

Miscellaneous Total HAWLEY, MN

6

$1,460,000

3

$940,000

6

$1,547,900

7

$1,865,000

6

$1,952,000

5

$1,552,980

Single Family

5

$1,210,000

3

$940,000

6

$1,547,900

7

$1,865,000

6

$1,952,000

5

$1,502,980

Twin Home

-

-

-

-

-

-

-

-

-

-

-

Row/Town House

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total Housing Starts

-

$50,000

Duplex

1

1

$250,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Multi-Family

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

New Commercial

1

$615,333

-

-

-

-

1

$800,000

-

-

-

$283,067

Residential Remodel

4

$11,100

-

-

1

$4,000

1

$210,000

1

$67,340

1

$58,488

Commercial Remodel

-

-

-

-

2

$132,000

-

-

1

$361,860

1

$98,772

Public

-

-

-

-

-

-

-

-

2

$4,809,224

-

$961,845

15 26

$96,350 $2,182,783

18 21

$1,997,125 $2,937,125

19 28

$244,275 $1,928,175

11 20

$76,700 $2,951,700

18 28

$114,700 $7,305,124

16 23

$505,830 $3,460,982

Miscellaneous Total

-

HORACE, ND Total Housing Starts

4

$1,550,000

32

$9,966,435

48

$13,163,125

33

$10,361,300

77

$21,873,529

39

$11,382,878

Single Family

4

$1,550,000

31

$9,566,435

48

$13,163,125

33

$10,361,300

77

$21,873,529

39

$11,302,878

Twin Home

-

-

1

$400,000

-

-

-

-

-

-

-

Row/Town House

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Duplex

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Multi-Family

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

New Commercial

2

$209,000

5

$1,221,000

2

$650,000

-

-

12

$3,971,695

4

$1,210,339 $1,004,422

$80,000

-

Residential Remodel

9

$274,336

23

$1,878,896

6

$254,000

11

$1,326,080

56

$1,288,798

21

Commercial Remodel

2

$125,000

7

$786,841

2

$35,000

-

-

-

-

2

$189,368

Public

-

-

-

-

-

-

-

-

9

$47,796,983

2

$9,559,397

Miscellaneous

13

$152,671

31

$621,116

30

$889,257

25

$3,782,151

24

$1,201,993

25

$1,329,438

Total

30

$2,311,007

98

$14,474,288

88

$14,991,382

69

$15,469,531

178

$76,132,998

93

$24,675,842

Issue 6 | Dec. 18, 2020

5


Home Builders Association of Fargo-Moorhead

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

Permits Units 6

Single Family

6

Twin Home

-

Row/Town House

-

Duplex

2017

2018

2019

Value Permits Units $1,737,000 4

Value Permits Units $1,240,000 10

Value Permits $3,211,956 10

$1,737,000

$1,240,000

$3,211,956

4

-

-

-

-

-

-

-

-

Multi-Family

-

-

New Commercial

-

10

5-Yr Avg Value $3,383,446

Permits 8

Units

Value $2,448,585

8

$2,270,525

8

$2,783,446

7

2

$400,000

4

$600,000

1

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2

$270,000

1

$123,000

15

$354,457

11

$270,261

3

$226,000

1

$54,750

-

-

-

-

-

-

-

-

-

-

-

-

2

$345,000

-

Residential Remodel

8

9

$90,198

10

$124,049

11

Commercial Remodel

-

-

1

$15,000

1

$32,750

-

Public

-

-

1

$953,100

-

Miscellaneous Total

2020 Value Permits Units $2,670,525 12

-

-

$519,400

Units

-

$263,200 -

$2,248,585 $200,000

-

3

$335,222

1

$65,000

1

$270,664

14

$2,256,400

17

$2,643,298

1 22

$3,000 $3,371,755

3 27

$46,700 $3,315,647

3 36

$88,500 $4,387,403

1 23

$27,640 $3,194,900

MAPLETON, ND Total Housing Starts

43

$8,157,743

39

$10,259,556

25

$6,760,934

16

$4,138,595

16

$4,645,505

28

$6,792,467

Single Family

19

$4,838,743

35

$9,401,556

21

$6,008,934

12

$3,558,595

16

$4,645,505

21

$5,690,667

Twin Home

24

$3,319,000

4

$858,000

4

$752,000

4

$580,000

-

-

7

$1,101,800

Row/Town House

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Duplex

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Multi-Family

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

New Commercial

1

$650,000

-

-

2

$680,000

1

Residential Remodel

12

$132,846

18

$123,073

23

$609,020

Commercial Remodel

1

$30,670

3

$5,000

2

$115,000

Public

1

$6,439,325

-

58

$15,410,584

1 61

$68,000 $10,455,629

3 55

$304,000 $8,468,954

2 34

$11,500 $5,656,695

2 36

10

$9,272,000

16

$12,501,603

11

$5,460,357

7

$4,713,000

10

$9,272,000

16

$12,501,603

11

$5,460,357

7

$4,713,000

Miscellaneous Total

-

-

-

-

$44,000

1

$800,000

1

$434,800

13

$197,600

16

$341,949

16

$280,898

2

$1,265,000

1

$10,000

2

-

-

-

-

$285,134

-

$1,287,865

$17,500 $5,814,954

2 49

$80,200 $9,161,364

15

$9,655,618

12

$8,320,516

15

$9,655,618

12

$8,320,516

OXBOW, ND Total Housing Starts Single Family Twin Home

-

-

-

Row/Town House

-

Duplex

-

-

-

-

-

-

-

-

Multi-Family

-

-

-

New Commercial

1

$1,300,000

-

-

-

-

-

-

-

-

$18,000

-

Residential Remodel

1

Commercial Remodel

-

-

-

Public

-

-

1

Miscellaneous Total

-

-

2

-

-

-

-

-

-

-

-

-

-

-

-

-

2

$350,000

1

$60,001

$744,500 $1,258,000

-

-

-

-

-

-

-

-

-

-

-

-

4

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1

$330,000

3

$209,564

$62,417

9

$162,900

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

$251,600

-

-

12

$10,590,000

19

$14,504,103

14

$5,870,358

11

$4,775,417

24

$9,818,518

16

$9,111,680

TOTAL Total Housing Starts

86

$27,509,743

105

$38,641,600

120

$35,106,029

86

$26,756,305

139

$44,509,098

107

$34,504,555

Single Family

61

$23,940,743

100

$37,383,600

114

$33,984,029

80

$25,776,305

135

$43,909,098

98

$32,998,755

Twin Home

24

$3,319,000

5

$1,258,000

6

$1,122,000

6

$980,000

4

$600,000

9

-

-

Duplex

1

1

Multi-Family

-

-

New Commercial

8

$3,117,653

9

$1,802,434

10

$2,821,033

5

$1,170,200

20

$7,651,876

10

$3,312,639

Residential Remodel

118

$2,160,973

134

$3,630,652

92

$2,085,088

121

$3,790,548

153

$3,075,302

124

$2,948,513

Commercial Remodel

11

$367,170

18

$1,697,386

12

$1,752,050

14

$4,327,490

12

$4,469,080

13

$2,522,635

2

$7,909,925

6

$25,830,247

2

$1,255,193

9

$2,906,922

14

$52,963,207

7

$18,173,099

63 288

$824,212 $41,889,676

76 348

$2,926,405 $74,528,724

105 341

$2,086,391 $45,105,784

74 309

$4,037,230 $42,988,695

110 448

$2,595,518 $115,264,081

86 347

$2,493,951 $63,955,392

Public Miscellaneous Total

-

$1,455,800

Row/Town House

$250,000 -

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

$50,000 -

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.

Nov 9

Nov 16

Nov 23

Nov 30

$1.968

$1.963

$1.940

$1.946

$2.096

Midwest

$2.111

SEASONALLY ADJUSTED UNEMPLOYMENT RATES Oct 2020

Sep 2020

Minnesota

Oct 2019

$2.102

Dec 7

$2.120

$2.156

$2.005

SINGLE AND MULTI-FAMILY BUILDING PERMITS Oct 2020

Minnesota

Oct 2019

% change

24,658

0%

2,301

27%

1,151,346

4%

1,273

30%

Source: NAHB

Source: bls.gov

4.6*%

North Dakota

5.9%

3.3%

4.4%

2.4%

24,745 North Dakota

Source: bls.gov

4.8*%

United States

Source: NAHB

2,932

United States

Source: bls.gov

6.9%

7.9%

Fargo-Moorhead

Source: NAHB

3.6%

1,193,408 Fargo-Moorhead

Source: bls.gov

3.5%

3.5%

2.2%

Source: NAHB

1,655

*Preliminary

MORTGAGE RATES - APR

NATIONAL HOUSING MARKET INDEX Source: National Association of Home Builders

Source: Wells Fargo as of Nov. 29, 2020

30-Year Fixed

2.735%

15-Year Fixed

2.345%

30-Year Fixed VA 15-Year Jumbo

2.455%

2.918%

LOCAL REAL ESTATE

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

Dec. 14, 2020 YTD

Dec. 14, 2019 YTD

% change

$257,903

$247,876

4.0%

$873,517,335

$711,403,235

22.8%

520

407

27.8%

2,867

2,463

16.4%

Closed MLS Volume

Range is 0-100. *Preliminary

2.704%

30-Year Jumbo

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

First 3 Weekends In May Issue 6 | Dec. 18, 2020

Sep 2020

Oct 2020*

Nov 2020*

Housing Market Index

83

85

90

SF Sales: Next 6 Mo

85

88

89

National

SF Sales: Present

Prospective Buyer Traffic Regional HMI Northeast

88

90

74

74

77

81

87

82

85

83

90

Midwest

78

West

88

South

96

76 95

85 98

Last 2 Weekends In September 7


Home Builders Association of F-M 1802 32nd Ave S Fargo, ND 58103

Join Kennelly Business Law Attorneys Jeff Gunkelman and Ben Williams for an overview of contract law in Minnesota and North Dakota at 11:30 a.m. Jan. 14. Cost is $15. Register at hbafm.com.

the e v a s

te da

Get On The Level: Legalities & Contracts Jan. 14 Educational Session

Specialized for builders and contractors, your top take-aways from this session will include: » Navigating all parties to the contract while accurately defining your scope/timing of work » Best practices for payment terms and change orders » Dos and don’ts for construction liens

More about the instructors:

Jeff Gunkelman: Born and raised in Fargo, Jeff might say that business is in his blood! He’s a fourth-generation business owner in his family and his practice is focused on helping people start and grow their own companies. He also spends a significant amount of time assisting individuals with their estate plans and real estate matters.

Ben Williams: Ben was born and raised in Moorhead to small-business owners. They instilled Ben with a desire to help people confront business-related issues. He focuses his practice on commercial litigation, including representing both companies and individuals in contract, construction, real estate, trade secret, collection and other business-related disputes.

8

+ It's a match made in heaven! Permits Plus


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