Construction/Real Estate Residential building permits Mankato 2011
2012
(in thousands)
Residential building permits North Mankato (in thousands)
$2,638.5 $2,392.8
2011
$3,000
2012
$8,000 $2,000
$6,000 $4,000
$1,000
$2,000 $0
J
F
M
A
M
J
J
A
S
O
N
D
Source: City of Mankato
$0
Existing home sales: Mankato region 2011
2012
185 172
200
Information based on Multiple Listing Service and may not reflect all sales
20
50
10 M
A
M
J
J
A
S
O
N
D
Commercial building permits Mankato $9,000
M
J
J
A
S
O
N
D
(in thousands)
$3,053.5 $4,195.1
2012
Includes single family homes attached and detached, and townhomes and condos
2012 8 11
0
J
F
M
A
M
J
J
A
S
O
N
D
Source: Cities of Mankato/North Mankato
Source: Realtors Association of Southern Minnesota
2011
A
2011
100
F
M
40 30
J
F
Housing starts: Mankato/North Mankato
150
0
J
Source: City of North Mankato
Commercial building permits North Mankato (in thousands) $12,000
$1,183.1 $258.5
2011
2012
$9,000
$6,000
$6,000 $3,000 $0
$3,000 J
F
M
A
M
J
J
A
S
O
N
D
2011
County
2012 4.5%
5.0% 4.5% 4.0%
3.6%
3.5% J
F
M
Source: Freddie Mac
F
Foreclosures:
Interest rates: 30-year fixed-rate mortgage
3.0%
J
M
A
M
J
J
A
S
O
N
D
Source: City of North Mankato
Source: City of Mankato
5.5%
$0
A
M
J
J
A
S
O
N
D
Blue Earth Brown Faribault Le Sueur Martin Nicollet Sibley Waseca Watonwan
2012 first quarter 2011 2012 37 17 8 32 8 17 16 16 6
38 9 12 29 10 15 12 15 6
Percent change +3% -47% +50% -9% +25% -12% -25% -1% 0%
Source: Minnesota Foreclosure Partners Council J. Malmanger
MN Valley Business • August 2012 • 11
Business Barometers
$10,000
$2,847.9 $4,764.5