June New Housing Permits Show Continuing Climb for the Year
New home construction continues a steady upward trend according to statistics compiled by the Home Builders Association of Greater Kansas City’s (KCHBA). A total of 558 single-family permits were issued in June 2021, compared to the 421 single-family permits issued in the same month last year. A total of 3,238 single-family permits have been issued during the first half of 2021.
“Demand for new homes at a wide variety of price points has been significant,” said KCHBA Executive Vice President Will Ruder. “Given that available existing and new housing inventories are insufficient to meet the current demand largely driven by low interest rates, supply chain challenges contributing to increases in the cost of construction and the time it takes to build a home will loom large as the industry strives to keep pace.”
Lee’s Summit ranked as the top city for new single-family construction permits in June with 89 permits, followed by Kansas City, Mo., with 76 permits. Olathe, Kan., ranked third with 69 permits issued in June followed by Overland Park, Kan., with 53 permits. Rounding out the top five is Spring Hill, Kan., with 37 single-family permits issued in June.
Click here to view the June 2021 Residential Statistics Report.