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Permit Reports
Kansas City
New Home Construction Posts Second-Best
July on Record
Residential construction
activity in metro Kansas City posted
its second-best month of July on
record with 850 single-family building
permits issued, according to statistics
compiled by the Home Builders Association
of Greater Kansas City (HBA). The
total trailed only the 1,107 permits
issued in July 2003.
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July
Permit Reports
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Residential
Building Permit Statistics
- Excel
| PDF
Single-family
Detached Residential Building
Permits Report - Excel
| PDF
Permit information
is compiled by the Home Builders
Association
of Greater Kansas City.
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A total of 6,541 single-family
construction permits have been issued
metrowide through
the first seven months of the year,
a 2 percent increase from the record
pace
set just last year when 6,396 single-family
permits were issued through July. The
permit numbers for July shows the red-hot
local construction market remains
strong, according to HBA Executive
Vice President Tim Underwood.
“It’s hard to say the second-best
July on record is anything less than
extraordinary,” Underwood said. “The
numbers show new-home construction in
Kansas City remains strong although home
builders may be exercising caution in
facing an uncertain mortgage rate environment.”
Cass,
Platte, Wyandotte, Leavenworth and
Miami counties continue to account
for the largest portion of new construction
activity and take market share from
the three largest home-building markets
in
Johnson, Jackson and Clay counties.
The five smallest counties in the metro
area
have posted a 15 percent gain in activity
over last year while Johnson County
has gained 1 percent, Jackson County
is up
2 percent and Clay County has dropped
11 percent. Johnson County alone has
fallen from a peak of 44 percent share
of the new-home construction market
in 1998 to 33 percent this year. Underwood
said simple supply and demand is largely
responsible for the shift in new-home
construction.
“Working professionals such as
teachers, police officers, nurses and
firefighters will go where the best variety
of housing choices are available in their
price range,” Underwood said. “Johnson
County, which has an average new home
price of around $300,000, has too little
supply of new-homes in greatest demand
by many of the people who work in the
county.”
Kansas City, Mo., remained
the top city in new-home construction
activity through
June with 989 single-family permits issued
year to date. Olathe ranks second with
619 permits followed by Lee’s Summit
with 563 and Overland Park with 524.
Rounding out the top 10 are Shawnee,
309; Kansas City, Kan./Wyandotte County,
287; Independence 281; Raymore, 259;
Lenexa, 230; and Gardner, 214.
The
Home Builders Association of Greater Kansas
City (HBA) is the voice of the housing
industry and the source for housing information.
Comprising more than 1,000 member companies,
the HBA represents an industry that contributes
more than $2.5 billion to the Kansas City
economy and supports more than 36,000
jobs in the Greater Kansas City metropolitan
area.
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