2020 Building Permit Activity
It was a banner year for construction and permits in Rosemount in 2020. Despite the COVID-19 related difficulties, Rosemount closed out its strongest year of growth in over a decade. Rosemount added 389 total housing units in 2020, a 155 unit increase from 2019 and a significant increase from the 2010-2020 average of 185 units annually. Rosemount has added 1,844 total new housing units since 2010. The valuation of the new housing stock totaled over $95 million, which represents over a $20 million increase from 2019. Major projects include the Morrison Redevelopment in Downtown Rosemount and continuation of Lennar’s development at Prestwick Place, Meadow Ridge, and Bella Vista.
Permit activity also soared in 2020 with 4,426 total permits issued—up from 3997 in 2019. Total building valuation for the year broke $100 million for the first time, representing a dramatic increase from $33 million in 2010 as the community was recovering from the Great Recession. Overall, Rosemount had a strong year as developers looked to Rosemount for growth opportunities and homeowners focused on renovation and building addition projects.