Single-Family Permits Show Strength in Fall and Winter Months (December 2019)
The number of single-family housing permits issued in December in the Kansas City metro increased from the prior month and showed 57 percent more activity than December 2018, according to the monthly Residential Building Permit Statistics report compiled by the Home Builders Association of Greater Kansas City.
The organization reported a total of 434 single-family homes permitted in December 2019, resulting in a year-end total of 4,654 for 2019. While representing an 18 percent decrease from the 2018 total, monthly permit issuance in the last four months of 2019 exceeded the permit numbers from 2018 over the same time period.
“The uptick in activity at the tail end of 2019 stands in stark contrast to the way the year began,” said KCHBA Executive Vice President Will Ruder. “Every indication suggests that an ongoing consumer-friendly interest rate environment coupled with an increasing need for inventory will drive new home construction across the metro.”
The top five permitting cities in 2019 were Kansas City, Mo., (675); Olathe, Kan., (494); Lee’s Summit, Mo., (383).; Overland Park, Kan., (323); and Blue Springs, Mo., (281).
Click here for the report.