August 2021 Residential Statistics Report

August 2021 Residential Statistics Report

Single-Family Permits Remain Resilient in August

The number of single-family home-building permits issued in metropolitan Kansas City remained ahead of last year’s pace again in August, according to figures compiled by the Home Builders Association of Greater Kansas City (KCHBA). The number of single-family permits issued this year is up 17 percent from the same period in 2020, showing the local home-building economy remains resilient. 

Nationally, the aggregate market value of all owner-occupied real estate in the United States registered the largest quarterly increase in the last 21 years of data, according to the National Association of Home Builders (NAHB). 

"Purchasing a home continues to be the best source of wealth and stability for all Americans," said KCHBA Executive Vice President Will Ruder. “With that in mind, we expect new home-building activity to continue at an elevated pace compared to last year, particularly if mortgage rates continue to remain low,” said Ruder. 

Kansas City, Mo., remained the top-permitting city in August with 81 permits issued. Lee’s Summit was second with 56, followed by Overland Park with 52, Olathe with 51 and Lenexa with 18.

Year-to-date, the top-permitting cities are Kansas City, Mo, 665; Olathe, 513; Lee’s Summit, 492; Overland Park, 466; and Blue Spring, 175.

Click here to view the August 2021 Residential Statistics Report. 

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