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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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