Kansas City New Home Construction is an Improving Market
Good news from the Home Builders Association of Greater Kansas City as February 2012 residential permit statistics indicate continued improvement for the first time since 2008. Once again like January, the month of February shows single family housing starts were their strongest in four years. With 182 starts, February substantially exceeded totals for the month of February in 2009, 2010 and 2011. Not since 2008 when there were 262 permits pulled in February has the area seen this much single family activity.
“Last month the HBA was notified that Kansas City had been added to the improving markets index released by NAHB economists, one of only 98 cities in the country to have achieved this recognition,” said Executive Vice President Sara Corless. “It is heartening to see numbers early in 2012 that begin to support this distinction. Lenders are coming back into the market and we’re seeing increased interest from builders and material suppliers in partnering with the Association to promote and market their businesses. It’s nice to see a notable uptick.”
The activity was throughout the Kansas City Metropolitan area and included a 32 unit multi-family project and 6 single family units in Wyandotte County. Leading the way was Johnson County with 64 single family units, Platte County had 30 units, Jackson County had 27 units, Cass County had 8 units, Leavenworth County had 5, and Miami County had 1. Year to date the metro area has 402 total units versus 210 for the same period in 2011.