Residential Permits Continue Steady Growth (Oct. 2015)
As the inventory of new homes on the market continues to decrease, area builders are gradually increasing activity to replenish that inventory. With 459 single family residential permits issued during October, the total for 2015 stands at 3,909–278 units more than last year at this time according to the Home Builders Association of Greater Kansas City’s (HBA) monthly Residential Building Permit Statistics report. Multi-family housing production continues to climb as October added another 449 units, bringing the yearly total to 2,970. Combined single family and multi-family permits take the year-to-date total to 6,879.
The growth in permits during 2015 has taken place primarily on the Missouri side of the state line, with the four counties of Cass, Clay, Jackson and Platte recording a 20% increase over 2014, while the Kansas counties of Johnson, Wyandotte, Leavenworth and Miami have a decrease of 4% from the first ten months of 2014. Overall, Kansas City remains the highest permitting locality, with most of its 799 single family permits issued in Clay and Platte counties. The busiest five cities are rounded out by Olathe, Overland Park, Lee’s Summit and Lenexa. Johnson County continues to lead the counties in the region, with 1,360 single family units permitted county-wide in 2015.
Click here to view the October Statistics Report.