Business

July 22, 2014

Area home construction remains vibrant

The Home Builders Association of Greater Kansas City said in its latest survey that 359 permits for single-family homes were issued last month, up from 333 in June 2013. That was the busiest June since 2007 and continues a recent trend of strong building activity. Additionally, more permits were issued through June for apartments and other multifamily units than in any six-month period since 2001.

Permits issued in June for new home construction in the Kansas City area reached their highest level since the housing bubble burst in 2007, according to the Home Builders Association of Greater Kansas City.

The association said in its latest monthly survey that 359 permits for single-family homes were issued last month, up from 333 in June 2013. That was the busiest June since 2007 and continues a recent trend of strong building activity.

Through the first half of 2014, 2,044 permits were issued, up about 100 from the same period last year, the association said. At the current pace, the number of permits issued this year should be on par with last year’s total of 4,090.

“It’s great to see builders’ confidence high and existing new home inventory low, in spite of the appearance that 2014 may not show much of an uptick in permits,” Sara Corless, the association’s executive vice president, said in a statement.

Johnson County continues to lead the area in home construction activity, with 802 permits issued through the first six months of the year. It was followed by Jackson, Clay and Platte counties. The top cities were Kansas City, Olathe, Overland Park, Lee’s Summit and Lenexa, the association said.

The other area of the housing market — apartments and other multifamily units — continues its strong showing. Through June, permits were issued for 2,292 units, the highest six-month total since 2001, the association said.

To reach Steve Rosen, call 816-234-4879 or send email to srosen@kcstar.com.

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