Permits for new home construction in the Kansas City area fell to a nine-month low in November. Weather and holiday season factors contributed to the slowdown.
The Home Builders Association of Greater Kansas City said in its monthly statistical report that 306 single-family permits were issued last month. That’s the lowest monthly total since February, when 219 permits were issued.
The association said the latest monthly total represented “a typical November dip” in permit activity.
Through the first 11 months this year, single family permits are up 2 percent from the same period in 2013. There were 3,897 permits issued through November this year, the association said.
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“With 2014 nearly complete, we see that it is almost identical to 2013, which was a year of recovery” in the housing market, said Sara Corless, the association’s executive president. “National economists are predicting that homebuilding activity should increase significantly in 2015, and we hope that will be the case locally as well.”
In terms of number of permits issued, Johnson County topped the area list, followed by Jackson and Clay counties. Kansas City, Olathe, Overland Park, Lee’s Summit and Shawnee were the top five cities for permit activity, the report said.
Permits for multifamily housing totaled 3,627 units through the first 11 months this year, up from 2,768 units in 2013.