May Extends Upward Trend in New Home Construction
Builders broke the 400 permit mark in April and missed that mark in May 2013. However, statistics still reflect the best May since 2007 with 337 single family permits. This brings the year to date total to 1,613 which is a 33 percent increase over 2012 which was 1,211, according to the Home Builders Association of Greater Kansas City’s (HBA) monthly Residential Building Permit Statistics report. Multi-family permits totaled 169 during May with year to date of 1,450 which is the most since 2001.
“Though the May numbers were a little short of April’s, the market is still continuing to improve,” said Executive Vice President Sara Corless. “May, June and July are all big months for home sales and closings so we will know more after this selling season, but every indicator is looking good and builders are going strong.”
Every county showed an increase over the 2012 permits. Johnson County is leading the way year to date with 664 permits followed by Jackson County with 296, Clay County with 267, Platte County with 151, Wyandotte County with 78, Cass County has 67, Leavenworth with 65, and Miami County with 25.