January Permits Continue Building Activity Trend (Jan. 2016)
The Home Builders Association of Greater Kansas City recently heard from a national economist who predicted that 2016 home building activity will continue at about the same rate as in 2015, with a gradual increase as the year progresses. Single family housing permits issued during January 2016 confirm that assessment, according to the Home Builders Association of Greater Kansas City’s (HBA) monthly Residential Building Permit Statistics report. With 265 single family units, the January total increased by 10% from the same month a year ago (January 2015) but dropped below the 2015 monthly average. A decrease in activity is common during January as home buyers and builders are affected by the holiday season and winter weather during December and January. Multi-family activity added 85 units to be built in the metro area. View the January 2016 Statistics for more information.
“With over 340 homes entered in the Spring Parade of Homes, we expect spring buying to be very active and that builders will be busy increasing the new home inventory as we move further into the warm weather season,” said HBA Executive Vice President Sara Corless.
Kansas City issued the most permits in the eight county area with 71 during January, followed by Olathe with 28. Overland Park, Grain Valley and Lenexa rounded out the top five municipalities in residential permit counts. Johnson County was the top permitting county with 87, followed by Clay County with 58 and Jackson with 52.