WASHINGTON, D.C. – June 29, 2015 – (RealEstateRama) — The extremely rainy May weather caused delays in homes under construction and is reflected in a slight decrease in permit activity throughout the metro area as the number of permits issued decreased from April’s total. With 392 single family permits issued during May 2015, the year-to-date total for 2015 is now 1,715 for the eight county metropolitan area. While May’s permit count is a decrease of 44 permits from April, the year-to-date total is a 2 percent increase over 2014, according to the Home Builders Association of Greater Kansas City’s (HBA) monthly Residential Building Permit Statistics report. Multi-family permits totaled 270 during May with year-to-date of 1,408.
“In spite of the fall in permits in May, the continued trend line is toward expansion and growth in activity year to date. Rain, worker shortages, rising building costs…builders continue to be optimistic and buyers are keeping inventory low” said Executive Vice President Sara Corless.
The list of 10 most active cities remained unchanged from May 2014 to May 2015, with the exception of Raymore, which has replaced Basehor in the group. Kansas City continues to top the list, followed by Olathe, Overland Park, Lee’s Summit and Lenexa in the top five. In contrast to previous years, permit activity in the Missouri counties has surpassed that of Kansas counties with 56% of total permits issued on the Missouri side. Missouri growth is focused in Clay County which has issued 35% more permits in 2015 compared to 2014, while Johnson County has decreased by 12% from last year’s total.
Click to view the statistics report for May 2015: May 2015 Residential Permit Statistics