Home Building Continues Growth Trend (Apr. 2016)
The eight county Kansas City metropolitan area recorded 519 single family building permits during April, bringing the year-to-date total to 1,720 according to the Home Builders Association of Greater Kansas City’s (HBA) monthly Residential Building Permit Statistics report. With the first four months of the year showing nearly a 30% increase from the same period in 2015, local home builders’ activity is at approximately 75% of the average recorded during the past thirty-five years. Multi-family construction continues to grow through-out the metro area, with 361 units permitted in April and a year-to-date total of 1348. Click for the April 2016 Residential Statistics
“Permit activity has shown strong growth during 2016,” said Executive Vice President Sara Corless, “and traffic at the recent Parade of Homes indicated that there is a large group of serious home buyers in the Kansas City area. Builders are hoping that the spring rains don’t lead to a wet summer so that they can add to the lower than average new home inventory.”
Each county in the area (with the exception of Leavenworth) is reporting growth in 2016. The northland sections of Kansas City continue to expand with KCMO in Platte County increasing by 130%. Johnson County remains the most active county and has recorded an increase of 28%. Kansas City continues to top the list of permitting cities with 393 issued throughout the three counties of the city. Olathe, Overland Park, Lee’s Summit and Lenexa round out the five busiest localities.