Housing Continues to Improve in Metro Area
Housing production continues to outpace the prior five years in cities across the Greater Kansas City Metropolitan Area. November numbers were down slightly compared to October, but are still the highest for November since 2007 with 340 single family permits. The year to date single family permit total is 3,803 compared to 2012 with 3,020 for a 26 percent increase. Multi-family housing continues to climb with 275 permits located primarily in Gladstone with 221, according to the Home Builders Association of Greater Kansas City’s (HBA) monthly Residential Building Permit Statistics report.
“During the past 32 years the HBA has tracked building permits which have ranged from a low of 2,154 in 2009 to a high in 2004 of 11,089. In fact the average of those years is 6,755 annually and the median is 7,563,” said Executive Vice President Sara Corless. “By all accounts we have room to continue this growth in 2014 and beyond.”
The share of new permits per county has remained relatively unchanged since 2012 with Johnson County at 41 percent, Jackson County at 18 percent, Clay County at 16 percent and Platte County with 10 percent. Cities in the top ten year to date include Kansas City, Missouri with 621, Olathe with 480, Overland Park with 402, Lee’s Summit with 316, Lenexa with 199, Platte County with 172, Shawnee with 142, Kansas City, Kansas/Wyandotte County with 138, Blue Springs with 132, and Leawood with 108.