Home Building Looks Strong as Winter Months Approach
WASHINGTON, D.C. – October 26, 2015 – (RealEstateRama) — Permits for new single family homes reached their highest monthly count since October 2014, according to the Home Builders Association of Greater Kansas City’s (HBA) monthly Residential Building Permit Statistics report. Four hundred, sixty-two permits for single family homes were issued in September, an increase of 37 permits over August. Year-to-date total permits are the highest in eight years with 3,450 single family permits compared to 2014 with 3,163. This year-to-date increase of 9% as compared to 2014 is just slightly below the National Association of Home Builders’ prediction of an 11% increase nationwide for starts in 2015. Multi-family construction continue to increase, with 756 units permitted during September, bringing the year-to-date total to 2,521.
Kansas City continues to top the list of area cities in number of permits issued with 718 (an increase of 161 from 2014); it is followed by Olathe with 405, Overland Park with 299, Lee’s Summit at 243 and Lenexa rounding out the top five at 170. Missouri counties account for 55% of single family permits; this is a change from 2014 when permits were issued nearly equally by Missouri and Kansas locales.
Click here for the September 2015 Residential Permit Statistics report.
