2016 Marks Five Consecutive Years of Permit Growth (Dec. 2016)
The Kansas City metropolitan area ended 2016 with a 17 percent increase in single-family permits as compared to 2015, according to the Home Builders Association of Greater Kansas City’s (HBA) monthly Residential Building Permit Statistics report.
Click December 2016 Residential Permit Stats for the report.
The total of 5,489 single-family permits issued during 2016 marks the fifth consecutive year of increase in single-family permit activity and the highest level since 2007. Including the 4,169 permits for multi-family construction, a total of 9,658 units were permitted during 2016, compared to 8,695 in 2015 for an overall 11 percent increase.
Kansas City, Mo., issued the most single-family permits in the area with 1,090 in city limits within Jackson, Clay and Platte counties — a 15 percent increase in building permit activity in Kansas City. The five most active cities also include Olathe at 599 single family units, Overland Park with 429, Lee’s Summit with 379 and Kansas City, Kansas/Wyandotte County with 245 permits issued.
Builders anticipate that 2017 will continue the rebound in home construction. Robert Dietz, chief economist of the National Association of Home Builders (NAHB), confirmed this sentiment at the recent International Builders’ Show with his report that “NAHB expects solid 10 percent growth in single-family construction in 2017, adding to the gains of 2016.”