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Home Builders in Minnesota

Author.Name IBISWorld United States Last Updated: April 2025 NAICS MN23611a

Home Builders in Minnesota industry analysis

The Home Builders industry in Minnesota is expected to decline an annualized -x% to $x.x billion over the five years to 2025, while the national industry will likely grow at x.x% during the same period. Industry establishments decreased an annualized -x% to x,xxx locations. Industry employment has decreased an annualized -x.x% to x,xxx workers, while industry wages have increased an annualized x.x% to $x.x million.

Over the five years to 2030, the industry is expected to decline an annualized -x.x% to $x.x billion, while the national industry is expected to grow x.x%. Industry establishments are forecast to grow x.x% to x,xxx locations. Industry employment is expected to decrease an annualized -x.x% to x,xxx workers, while industry wages are forecast to increase % to $x.x million.

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About the Home Builders in Minnesota Market Research Report

What’s Included in the Home Builders in Minnesota Market Research Report

Definition of the Home Builders in Minnesota?

Industry operators primarily construct single-family homes, in which units are separated by ground-to-roof walls with no other units above or below. The industry also encompasses the remodeling of houses and other residential buildings. Industry operators include general contractors, design-build companies and single-family construction management companies acting as general contractors and builders.

What’s included in the Home Builders in Minnesota?

The Home Builders in Minnesota includes single-family homebuilding and general contracting (i.e. detached housing units, townhouses and row houses), managing single-family housing construction, low-income single-family housing construction, managing residential remodeling construction and handyman construction for residential buildings. Related terms covered in the Home Builders in Minnesota industry report includes the number of new homes under construction during a specified period of time and a key economic indicator of the health of the housing market, an individual or company that manages the construction of a structure for a property owner or developer. a general contractor may retain its own labor force or use subcontractors for projects, an enterprise that prepares a real estate site for residential or commercial use, raising capital, securing zoning approvals and hiring contractors to design, construct and develop property, an asset-backed security or debt obligation that is secured by a mortgage or collection of mortgages and a type of mortgage in which the interest rate that is paid on the outstanding balance is variable.

Industry Performance of the Home Builders industry in Minnesota

Benchmark the Home Builders in Minnesota industry performance with all MN county and national performance.

Home Builders in Minnesota

#22 in Highest Revenue 1.2% of state's GDP
Revenue (2025)
Annual Growth (2020-25)
Annual Growth (2025-30)

Home Builders in the US


Revenue (2025)
Annual Growth (2020-25)
Annual Growth (2025-30)

For the full list of industry drivers, see report purchase options.

Key Drivers of the Home Builders industry in Minnesota

See how key industry drivers, such as population, private investment in residential construction, new business formation, value of residential construction, housing starts and number of households are impacting Home Builders in Minnesota

Minnesota Economic Indicators

Population
Private Investment in Residential Construction
New Business Formation

View more economic information in MN State Economic profile

US Key External Drivers

Value of residential construction
Housing starts
Number of households

For the full list of industry drivers, see report purchase options.

County Data of the Home Builders industry in Minnesota

Access proprietary data on county in the Home Builders in Minnesota, such as Hennepin County, Anoka County and Dakota County. Data includes figures on revenue, establishments, employees and wages by counties.

Key Statistics of the Home Builders industry in Minnesota

Download 18 years of historical data and 5 years of projected performance.

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Top Questions Answered in this Report

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What is the market size of the Home Builders industry in Minnesota in 2025?

The market size of the Home Builders industry in Minnesota is $2.0bn in 2025.

How many businesses are there in the Home Builders industry in Minnesota in 2025?

There are 8,354 businesses in the Home Builders industry in Minnesota, which has been declining at an average annual rate of -1.0% from 2020 to 2025.

Has the Home Builders industry in Minnesota grown or declined over the past 5 years?

The market size of the Home Builders industry in Minnesota has been declining at an average annual rate of -3.0% from 2020 to 2025.

How many employees in the Home Builders industry in Minnesota in 2025?

There are 10,498 employees in the Home Builders industry in Minnesota, which has been declining at an average annual rate of -1.1% from 2020 to 2025.