Starts in New Home Construction Continue at Positive Pace
“Homes are being built, ground is being broken, and lots are selling as the Home Builders Association reports a 50 percent increase in permit activity over the same four months of 2011,” according to Executive Vice President Sara Corless. January through April’s permits totaled 915 outpacing 601 last year. This is the highest four months of activity since 2008 when permits totaled 1,277. April marks the fourth consecutive month in which starts showed improvement over the same month last year with 277 over 210 in 2011.
“Builders reported increased traffic as well as increased sales during April’s Parade of Homes” said Corless. “Home sale closings in May indicate permit activity will continue into the summer.”
The top four counties ranked by permit numbers are Johnson, Clay, Jackson and Platte, respectively. Of note, Platte County has increased its share of permits year or year from 7 to 12 percent.