The Kansas City home construction market is on a solid, though slow, growth path that should improve further in the next few years, members of the Home Builders Association of Greater Kansas City were told Wednesday.
David Crowe, chief economist for the National Association of Home Builders, gave that assessment to an audience of about 200 at the group’s 2016 economic forecast breakfast.
“The Kansas City metropolitan market has done fairly well. It’s about on par with the rest of the country,” he said, “rejoining some growth that has been lagging for a number of years. We’re looking forward to some decent growth. Not runaway growth, but decent growth.”
In the Kansas City area, Crowe said, the number of new starts had been rebounding but was flat last year at only 38 percent of the area’s early 2000s normal pace. But he sees that growing to 48 percent of normal this year and 65 percent in 2017.
Read more: Kansas City Star