Home building permits increased in October compared to previous months, though the number of units decreased versus a year ago.

According to statistics within the Keystone Report for the Builders Association of the Twin Cities, there were 289 permits issued last month compared to 227 in October 2010.

Though permits increased, the number of units permitted last month fell to 378 from 551. There were more single-family construction projects and fewer large multifamily projects. Year to date, permits declined to 2,450 though October versus 2,512 in the same period last year. The year to date number of permitted units dropped to 3,519 from 4,486 in the same period a year ago.

Top cities last month for permits were Blaine, Woodbury, Plymouth, Lakeville and Maple Grove. Blaine and Woodbury also topped the list for planned units in the month, followed by Farmington, Plymouth and Savage.

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This entry was posted on Tuesday, November 1st, 2011 at 8:24 am and is filed under Real Estate News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.