The first half of 2013 marked a solid rebound in the metropolitan residential construction market, with activity up 55 percent compared with last year, according to a new national report.
McGraw Hill, a respected trade publication, reported that $760.1 million in contracts were issued for residential work through June in the Kansas City area. That figure reflects similar upbeat reports from the local homebuilders association.
On the flip side, non-residential work was down 18 percent through the first six months to $569.9 million. Commercial construction has lagged throughout the year in the area.
For the month of June, however, the pace of residential construction was down 13 percent compared with June 2012, with $100.5 million in contracts. Non-residential work also was down 13 percent in June compared with the same month a year ago, at $204.4 million.
McGraw Hill defines residential construction as one- and two-family houses and apartments. Non-residential work includes commercial, manufacturing, educational, hotel and other buildings.