February Permits Point Toward a Busy Spring (Feb. 2016)
Local cities and counties issued 399 single family building permits during February—the highest February count since 2007, according to the Home Builders Association of Greater Kansas City’s (HBA) monthly Residential Building Permit Statistics report. The 2016 year-to-date total of 664 is an increase of 164 over the first two months of 2015. In addition to single family building, 77 new units of multi-family structures were permitted in February. Click Feb 2016 Residential Permit Stats for the report.
“Record low interest rates, an improving job market and dwindling inventory should continue to support growth in new home building,” said Executive Vice President Sara Corless. “Local builders will welcome potential buyers as they have the opportunity to tour nearly 350 new homes during the Spring Parade, April 23 through May 8th.”
The growth in building activity is spread throughout the eight county area with every county showing an increase from this time in 2015 except Leavenworth (down only two units). Kansas City remains the top permitting city with 138 units in 2016 followed by Olathe at 70, Overland Park at 58, Lenexa reporting 52 and Lee’s Summit with 30. The top ten permitting jurisdictions are rounded out with Blue Springs, Raymore, Grain Valley, Platte County and Shawnee.
In a wrap up of 2015 statistics, the HBA identified the list of most active permitting home builders in the metropolitan area. Summit Custom Homes tops the permit list with 262, followed by Sallee Homes with 174, Prieb Homes at 128, James Engle Custom Homes with 112 and PC Homes at 91.