Housing Begins 2012 with Good Numbers and Good Weather
According to the Home Builders Association of Greater Kansas City, January single family housing starts were their strongest in four years. With 188 starts, January substantially exceeded totals for the month of January in 2009, 2010 and 2011. Not since 2008 when there were 221 permits pulled in January has the area seen this much single family activity.
“The unseasonably warm winter weather in January allowed workers to continue to build and has brought prospective buyers out for the earliest spring selling season that many can remember,” said Executive Vice President Sara Corless. “In spite of continued price competition from distressed properties, buyers are looking for new homes with the benefit of sustained low interest rates.”
Most of the activity is concentrated in higher density areas of Greater Kansas City. January totals show Kansas City leading the list of top-permitting cities with 35 units; Olathe ranked second with 30 units; Overland Park followed with 25 units. No multi-family constructed activity was recorded.