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<br /> <br /> <br /> <br />Hillside Heights Apartments, Elk River, Minnesota <br /> <br />Market Analyst Professionals, LLC 46 April 24, 2020 <br />Section 8: Supply Analysis and Characteristics <br />Building Permit Trends <br />Information concerning the issuance of building permits can be used to analyze trends in building; <br />the table below illustrates this data within Elk River, Sherburne County and the state of Minnesota. <br />Construction dropped off markedly in all areas from 2005-6, consistent with the slowing housing market <br />across the nation, but with figures from 2012-13 forward showing a recovery within the city and county <br />generally accelerating through 2019 but remaining below historical horizon highs. <br /> <br />Building Permits <br /> <br /> <br /> <br /> <br /> <br /> <br />Source: HUD <br />