WASHINGTON, D.C. – September 18, 2013 – (RealEstateRama) — August is frequently a slower month for permits and this year was no different with 354 single family permits compared to 410 in July, according to the Home Builders Association of Greater Kansas City’s (HBA) monthly Residential Building Permit Statistics report. This month was still the third highest month of 2013 and the numbers are on target to surpass all the years since 2007. In fact, the year to date tally of 2,710 surpasses the total years of 2009, 2010 and 2011. Leading the way are Jackson and Johnson counties which are both up roughly 40 percent over last year. Jackson County has 507 permits year to date reflecting an increase of 142 over last year. Johnson County has 1,120 which is an increase of 318 over last year to date.
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Multi-family numbers jumped in August with 179 units with all of them from Johnson County. For the year to date there are now 1,881 units compared to 1,062 last year.
“All of the news for consumers is encouraging,” said Executive Vice President Sara Corless. “More flexible financing tools are available to home buyers than they realize and credit availability for builders is better than in recent years keeping the new home supply steady. Home values that have rebounded this year give prospective buyers the confidence to get out and look at new homes. Builders have reported strong September sales to date and that should translate to solid permit activity going into the fourth quarter.”
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