Homebuilding up 20 percent in November in Kansas City area
12/17/2013 3:46 PM
12/17/2013 9:03 PM
The Kansas City area homebuilding industry continued toward its best year since the Great Recession with 340 single-family permits issued in November, up 20.1 percent from the same month last year.
For the year to date there have been 3,803 single-family permits issued, already making this the best year for builders since 2007, when 6,072 homes went up, according to the latest report from the Home Builders Association of Greater Kansas City. Builders expect the total to reach 4,000 permits by year’s end.
Apartment construction also continued to surge ahead of the previous year with 2,768 multifamily permits issued through November, up 58.3 percent from the same period last year.
Kansas City continued to lead the metro in single-family permits with 621 issued through November. It was followed by Olathe, 480; Overland Park, 402; Lee’s Summit, 316; Lenexa, 199; Platte County, 172; and Shawnee, 142.
By county, 41 percent of the single-family permits through November were issued in Johnson County. Jackson County had 18 percent, Clay County had 16 percent and Platte County had 10 percent.
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