Kansas City, MO – August 28, 2012 – (RealEstateRama) — In cities across the Greater Kansas City Metropolitan Area, housing production continues to climb in 2012 with the second highest month this year, according to the Home Builders Association of Greater Kansas City’s (HBA) monthly Residential Building Permit Statistics report. July permits increased to 288 single family permits over 265 the previous month. Year to date total permits are the highest in three years with 2,323 permits compared to 2011 with 1,725; 2010 with 1,617; and the 2009 low of 1,207. Also of note in July is an 88 multi-family unit for an apartment complex in Lenexa.
“Improved numbers in new home construction continue to be due to the reduction in supply of existing homes over the past several years of the Recession and fewer affordable homes or ‘starter homes’ for young families especially,” said Executive Vice President Sara Corless. “All indications from builders and their realtors are that their new homes are selling at a pace better than existing homes. Families who are relocating to Kansas City or settling into a new school district need a home that is move-in ready and new homes provide that benefit.”
Six counties have increased year-to-date in July including Cass County which is up 15 percent, Clay County is up 56 percent, Jackson County is up 9 percent, Platte County is up 126 percent of which the majority have been pulled in the Kansas City limits. Johnson County is up 42 percent and Wyandotte County is up 12 percent. Two counties have decreased year-to-date including Leavenworth County decreasing 17 percent and Miami County decreasing 29 percent.
Source: Home Builders Association of Greater Kansas City