KC Home Permit Numbers Mirror National Growth

Photo courtesy of Creative Commons

A report on September building permits from the Home Builders Association of Greater Kansas City indicated that the metro area housing recovery is strengthening.

The Commerce Department said Wednesday that builders broke ground on single-family homes and apartments at a seasonally adjusted annual rate of 872,000 in September. That’s an increase of 15 percent from the August level.

Single-family construction rose 11 percent. Apartment building increased 25.1 percent.

Applications for building permits, a sign of future construction, jumped nearly 12 percent to an annual rate of 894,000, also the highest since July 2008.

In the Kansas City area, the builders association said 379 permits were issued in September, a big increase from 202 last September.

 


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