Housing Finishes 2011 with 6 Percent Gain Over 2010
Multi-family housing units helped boost the overall residential permit statistics to higher territory in 2011 according to the Home Builders Association of Greater Kansas City’s (HBA) monthly Residential Building Permit Statistics report. The year ended on an up note with 2,901 compared to 2,724 in 2010, but still below the total in 2009 of 3,652.
Overland Park led the metropolitan area with a total of 736 residential units. Of those 462 were multi-family and 274 were single family units. Kansas City had 423 single total units including 60 multi-family units. Olathe followed with 311 total units all from single family. More than half of all the permits pulled were from Johnson County.
“Johnson County continues to lead the metro area in a market that gradually is coming back,” said HBA Executive Vice President Sara Corless. “Builders have sold much of their excess inventory so buyers will see an array of new home choices as we enter the peak buying season in the spring.”
The HBA notes that builders are expressing optimism as evidenced by a 16 percent increase over 2011 in entries to the Spring Parade of Homes event scheduled to take place, April 14-29, 2012. More than 280 homes will be open for the public to tour daily throughout the eight-county metro area.