Business

April 18, 2014

Area homebuilders report a 4 percent gain in first-quarter permits

A total of 863 permits were issued, the Home Builders Association of Greater Kansas City said. It was the best January-March period since 2007, continuing a recent trend.

Homebuilding in the Kansas City area warmed up in March with the arrival of better weather, according to data released Friday by the Home Builders Association of Greater Kansas City.

The number of residential single-family building permits climbed to 361 last month in the eight-county area, the highest monthly total so far this year. That compared with 335 permits issued in March 2013.

In the first quarter, the association said, 863 permits were issued, up 4 percent from last year’s first quarter. It was the best January-March period since 2007, continuing a recent trend.

Johnson County’s homebuilding market accounted for 36 percent of permit activity in the first quarter, down from 47 percent in the same quarter last year.

On the Missouri side, Jackson, Clay, Cass and Platte counties combined for 52 percent of area permits in the quarter, up from 41 percent in 2013.

The top five permit cities through the first three months of this year were Kansas City, Olathe, Overland Park, Lee’s Summit and Kansas City, Kan.-Wyandotte County.

The association said multifamily construction continued to see “large increases over the prior five years,” with permits issued for 832 units in the quarter, up from 129 permits during the first three months of 2013.

The association will hold its annual Spring Parade of Homes tour from April 26 to May 11, showcasing 377 new homes.

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