First Quarter Permit Activity Slowed Slightly from Q1 2017 (March 2018)
Residential permits issued during the first quarter of 2018 have slowed slightly compared to the same period during 2017. The 1,432 single family units permitted through March 2018 are a decrease of 5 percent from the level of activity in 2017’s first quarter. Considering the headwinds faced by builders—a cold spring, rising materials costs and a labor shortage, the permit activity shows that the building industry remains strong as demand for housing rises.
Click here for the March 2018 Residential Permit Stats report.
Villas, often in maintenance-provided communities, are becoming increasingly popular with area homebuyers. Local builders have pulled permits during the first quarter to construct more than 70 villas in the metro area.
Kansas City, Mo., recorded the highest number of permits so far in 2018, with 207 in Clay and Platte counties and 15 in Jackson County. Blue Springs, with its developments of Colonial Highlands, Eagle Ridge Villas, and Tequesta Village, has the second highest number of permits issued with 182 units. Olathe, Lee’s Summit, and Overland Park round out the top five cities with the most permits issued in the first quarter.