Home Building Activity Remains Strong (May 2017)
Local homebuilders continued their brisk pace of single-family construction in May, with 504 single-family permits issued. Year-to-date permit activity in the metro area rose 14 percent, with permits recorded for the first five months of the year totaling 2,560, according to the Home Builders Association of Greater Kansas City’s monthly Residential Building Permit Statistics report. Multi-family builders permitted 578 units during May, bring the year’s total to 1,043.
Click May 2017 Residential Permit Stats for the report.
As the Home Builders Association of Greater Kansas City and its members celebrate National Homeownership Month in June, a recent survey indicates that more than two-thirds of Americans believe that owning a home is an essential part of the American Dream.
“Americans continue to place a high priority on homeownership and work hard to achieve this goal for their families,” said NAHB Chairman Granger MacDonald. “Our members are committed to providing high-quality homes that meet the diverse needs of Americans across the country.”
The most recent permit report shows growth in the metro area and reflects a strengthening housing sector that helps create personal wealth while boosting local economies. The Kansas City area is on track to build more than 6,000 homes during 2017, which will support approximately 20,000 jobs.
Kansas City, Missouri continues as the highest permitting city in the area with 458 issued to date. Lee’s Summit has increased to 228, compared to 132 at this point in 2016. Kansas City, Kansas/Wyandotte County has jumped from 87 permits in the first five months of 2016 to 208 during 2017.