New residential construction around the Twin Cities continues. Municipalities issued 228 construction permits during September 2010, down slightly from 235 in September of 2009.
The total number of planned housing units permitted rose 38% to 604 from 437 in September as more permits were issued for apartment buildings, according to the a report from the Builders Association of the Twin Cities. Minnetonka ranked at the top of last month’s list with 149 units permitted for a senior housing project being built near North Glen Lake Park. Minneapolis ranked second with 88 units. Elk River and Oak Park Heights tied at 54 permitted units.
“As most sectors of the economy show signs of expansion, we’re feeling confident that the Twin Cities housing market will remain ahead of the national curve and continue stable for the rest of the year and into 2011,” BATC President Gary Aulik said in a statement.
Year-to-date, 30% more building permits have been issued compared to this time last year. About half the building activity is towards the construction of multifamily housing.
