Residential Permits Surpass 2015’s Total (Oct. 2016)
With 462 single family residential permits issued during October, the total for 2016 stands at 4,732—which is 32 units more than were issued during the entirety of 2015, according to the Home Builders Association of Greater Kansas City’s (HBA) monthly Residential Building Permit Statistics report. Comparing the first ten months of each year, 2016 has registered a 21% increase over 2015. Multi-family housing production slowed as October added 22 units; however, the yearly total of 3,543 remains the highest level of activity in a decade.
Click October 2016 Residential Permit Stats for the report.
The National Association of Home Builders recently reported that both housing starts and permit issuance grew nationwide during October. “These robust figures correlate with strong builder optimism in the housing market,” said NAHB Chairman Ed Brady. “A firming job market, a growing economy and rising household formations will keep the housing recovery on track into next year.”
All eight counties in the metro are reporting an increase in permits issued during 2016 with an overall increase of 28% in the Missouri counties and 14% on the Kansas side. Overall, Kansas City remains the highest permitting locality, with most of its 969 single family permits issued in Clay and Platte counties. The busiest five cities are rounded out by Olathe, Overland Park, Lee’s Summit and Kansas City, KS/Wyandotte County.