Kansas City home builders reported strong results in October, pushing 2013 to be the region’s best year for single-family home construction since 2007.
There were 371 single-family permits issued last month, up 12.1 percent from the same month a year ago, and bringing the total so far this year to 3,463, according to the Home Builders Association of Greater Kansas City. Last year, 3,299 single-family permits were issued.
Though still substantially below the 2007 total of 6,385, the number of permits issued through October is a strong sign the local home-building market has climbed out of the doldrums caused by the recession. Housing construction dropped to a low of 2,155 single-family permits in 2009.
Sara Corless, executive vice president of the Builders Association, said this year’s numbers were running 27 percent ahead of the same period in 2012, and builders were hoping to hit the 4,000-permit milestone by the end of the year.
“Builders keep talking about crossing the 4,000 single-family permit threshold for the year, which would be a psychological victory at a minimum,” Corless said.
Apartment construction also continued to do well, with permits for 395 units issued in October, bringing the total so far this year to 2,493. That’s up 76 percent from the same time last year.
Kansas City continued to lead the metropolitan area in single-family permits with 571 issued through October. It was followed by Olathe, 441; Overland Park, 364; Lee’s Summit, 290; Lenexa, 176; Platte County (outside Kansas City), 159; and Shawnee and Blue Springs, both 128.
Johnson County issued 40 percent of the total units, followed by Jackson County, 19 percent; Clay County, 16 percent; and Platte County, 10 percent.