Oct 3, 2022 - Real Estate

Minneapolis sees spike in new building permits

Nick Halter

Illustration of a construction crane lifting another crane, which is lifting another crane, which is lifting another crane. — Illustration: Brendan Lynch/Axios

Minneapolis has issued more permits for new housing this year than the next four cities in the metro combined.

By the numbers: Building permits were issued for 3,019 units in Minneapolis in 2022, according to Housing First Minnesota, which represents builders and remodelers. The city is responsible for about 18.5% of metro housing starts to date.

Minnetonka (909 units), Edina (758), Lakeville (678) and St. Louis Park (660) round out the top five.

Zoom out: Single family housing construction continues its decline due to higher interest rates and construction costs. Single family permits issued were down 27% in September, while multifamily building was up 6%, according to Housing First.

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Minneapolis sees spike in new building permits

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