June Permits Continue Slow, Steady Growth
WASHINGTON, D.C. – August 5, 2015 – (RealEstateRama) — Local builders took out permits for 433 single family homes during June, the highest June number since 2007, according to the Home Builders Association of Greater Kansas City’s (HBA) monthly Residential Building Permit Statistics report. With 433 single family permits issued during June, the year-to-date total for 2015 is 2,148. Multi-family construction continues to grow as June recorded 120 units making a year-to-date total of 1,528.
“For the third year in a row now our single family permits are virtually flat at mid-year; however, with the rainy May and June out of the way we hope to gather some momentum in the second half of the year. We are seeing more first-time home buyers and the custom market continues to improve with valuations increasing,” said Executive Vice President Sara Corless.
Looking at the permit data on a county-by-county basis, each county except Johnson and Wyandotte has recorded an increase over 2014. Clay County has the largest increase, both in raw number of permits issued (106) and in percentage increase of 31%. The northern sections of Kansas City account for 429 permits, nearly 20% of the total issued in the area. Olathe and Overland Park combined have issued 446 permits, or 21% of the total. The top six permitting cities are rounded out by Lee’s Summit, Lenexa and Blue Springs.
Click here to view the June residential permit report.