WASHINGTON, D.C. – June 30, 2014 – (RealEstateRama) — Residential building permits have not yet approached the monthly averages established during the past 35 years, but May 2014 did extend the levels achieved during the past 12 months. With 381 single family permits issued during May 2014, the year-to-date total for 2014 is now 1,685 for the eight county metropolitan area. While May’s permit count is a decrease of 60 permits from April, the year-to-date total is a 4 percent increase over 2013, according to the Home Builders Association of Greater Kansas City’s (HBA) monthly Residential Building Permit Statistics report. Multi-family permits totaled 445 during May with year-to-date of 1,604 which is the most since 2001.
“Once again May numbers were a little short of April’s, but the market continues to improve,” said Executive Vice President Sara Corless. “Builder confidence seems to be up and summer sales and closings are filling the calendar while builders make plans for producing fall inventory.”
The list of 10 most active cities remained unchanged from May 2013 to May 2014, with the exception of Basehor, which has replaced Leawood in the group. Kansas City continues to top the list, followed by Olathe, Overland Park, Lee’s Summit and Blue Springs in the top five. Permits are split evenly between Kansas and Missouri, with 843 and 842 respectively, continuing a trend that has held steady for the past several years. Johnson County has recorded 663 permits during 2014, or 39% of the total issued in the area.
Click here for May residential permit statistics.