Chart of the Day: Twin Cities New Housing by Urban Type, 2005-2016

The Met Council data crunchers have a new housing report out with the latest year’s worth of data. Here are three chart-y highlights:

According to the report, there is still a lot of “balance” in the forces of housing in the Metro area.

The report says this about the recent years’ trend:

In our five-year retrospective report on the region’s residential construction published last year, we described how the geography of new residential construction shifted since 2000—specifically, that new residential construction had become more balanced across the region following the Great Recession.3 Urban Centers issued the largest share of permits in 2016 (29%), followed by Suburban Edge communities (21%), and Emerging Suburban Edge communities (19%) (Figure 3). Notably, permits issued by Suburban communities declined 23% between 2015 and 2016, while permits issued in Emerging Suburban Edge communities increased 39% in the same period.

Finally, here’s some more data breaking out those new units in terms of housing type, e.g. single-family.

As the Met Council team explains, townhomes are down. They are so 2005, not at all cool now.

Check out the full five-page report here.

Thoughts? Leave them in the comments.

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7 Responses to Chart of the Day: Twin Cities New Housing by Urban Type, 2005-2016

  1. Tim June 9, 2017 at 8:46 am #

    I wonder if townhome construction will increase as prices for SFHs continue to climb (assuming that they do). In the early 2000’s, for example, it was a lot more common for first time buyers to purchase a townhouse as their starter home. But then the crash happened, which meant that buyers could afford an SFH who might not have been able to before.

    The recent law change regarding builder liability for condos (many townhomes are condos in legal terms) could help spur construction as well.

    • Monte Castleman
      Monte Castleman June 12, 2017 at 9:51 am #

      I do think that’s the case. My father hated apartments (and by extension condos) with a passion after having to live in them for a decade, so when he was able to buy his own place he bought a townhouse only because he couldn’t afford a detached house.

  2. cobo Rodreges June 12, 2017 at 9:02 am #

    Is there a map that defines what urban center, urban center, suburban edge?

    I also wonder what percentage of “emerging suburban edge” are the high-ish density developments that seem to popup out of nowhere miles from town.. I don’t mean to be overly critical I guess I’ve just never under stood them, seems like they have all of the downsides of suburban & country homes without any of the benefits of being in the country or a suburb..

    • Monte Castleman
      Monte Castleman June 12, 2017 at 9:46 am #

      Assuming we’re talking about suburban apartment buildings, condos, and the like and the like, I questioned it too originally, but there’s obviously a market for them Some things I can think of:

      1) Cheaper than detached housing, which is getting more and more expensive.

      2) Lower crime

      3) Amenities like underground parking, pools and fitness centers, en-suite laundry that might be uncommon farther in.

      4) Job and/ or family and friends are out in the suburbs.

      • cobo Rodreges June 12, 2017 at 10:25 am #

        I was thinking of large tight clusters of single family (detached) houses that are surrounded by farmland.

        So no amenities other than maybe school busing, and the schools themselves.

        • cobo Rodreges June 12, 2017 at 10:28 am #

          you see these developments in the most random spots when you drive around the countryside

        • Monte Castleman
          Monte Castleman June 12, 2017 at 1:04 pm #

          Well, there’s a limited supply of existing single family detached houses farther in, and a lot of people absolutely hate the idea of living in anything but a detached house and might also want newer amenities in new construction. The price of a lot has a huge impact on the price of a house, so small lots make it more affordable and might even be required by zoning.

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