| Permit
Reports
Kansas City
New Home Construction Up Sharply
in March
Metropolitan Kansas
City home builders posted the busiest
month on record for single-family
new-home permits last month, according
to statistics compiled by the Home
Builders Association of Greater
Kansas City (HBA). Local municipalities
issued 1,206 permits in March, up
from the previous one-month record
of 1,172 issued in March 2004. |
|
|
March
Permit Reports |
| Residential
Building Permit Statistics
- Excel
| PDF
Single-family
Detached Residential Building
Permits Report - Excel
| PDF
Permit information
is compiled by the Home Builders
Association
of Greater Kansas City. |
|
Single-family construction
permits in the eight-county metro also
posted a new record for the first quarter,
up 6 percent from the first quarter of
2004. A total of 2,698 permits have been
issued so far this year, up from 2,511
in 2004. The previous first-quarter best
was in 1999 when 2,563 permits were issued.
A significant portion of
March’s increase came from Kansas
City, Mo., which adopted new building
code changes taking effect April 1. Permits
issued after that date must be built using
the latest updates to the International
Residential Code. Permits pulled by April
1 may use the previous code, which allows
builders and home inspectors time to adjust
to new code and enforcement changes. Kansas
City, Mo., issued 351 single-family permits
last month, nearly double the 181 permits
issued in March of last year.
Aside from the one-month
spike for Kansas City, Mo., new-home permit
activity metrowide remains on par with
last year, which finished as the busiest
year on record for local new-home construction.
HBA Executive Vice President Tim Underwood
said conditions remain favorable for new-home
construction in the metropolitan area
in the near future. He cited the HBA Spring
Homes Tour as an example of the rise in
new housing choices. The annual two-week
event runs April 24 through May 8 with
734 new homes open throughout the metro
area, making it the second-largest homes
tour in the nation.
“Mortgage rates remain
historically low, which will continue
to allow more Kansas City families to
take advantage of the benefits of homeownership,”
Underwood said. “The one trend we
continue to see is consumers seeking out
locations where there is a broader mix
of housing choices. Permit growth is very
strong in the Northland and Cass County
while permit activity is slower in areas
such as Johnson and Jackson counties where
the lot supply is decreasing and land
prices are rising.”
Kansas City, Mo., ranked
as the top city for new single-family
construction permits through February
with 639 permits, followed by Olathe with
232 permits. Lee’s Summit ranked
third with 206 followed by Raymore with
121 permits.
Rounding out the top 10
were Shawnee, 117 permits; Overland Park,
114; Kansas City, Kan./Wyandotte County,
110; Independence, 106; Lenexa, 84; and
Gardner, 80.
The
Home Builders Association of Greater Kansas
City (HBA) is the voice of the housing
industry and the source for housing information.
Comprising more than 1,000 member companies,
the HBA represents an industry that contributes
more than $2.5 billion to the Kansas City
economy and supports more than 36,000
jobs in the Greater Kansas City metropolitan
area. |