January 2022 Residential Statistics Report

January 2022 Residential Statistics Report

Single-Family New Home Activity Begins Year On Upside

After ending 2021 with more than 6,500 permits issued, single-family permit activity during January continued at the same strong pace. A total of 440 single-family permits were issued during January compared to 411 issued in January 2021. 

“Pent up buyer demand continues to drive new home construction in Kansas City even in the face of ongoing building material production bottlenecks that are raising construction costs and delaying projects,” said Executive Vice President Will Ruder. “The expected increase in interest rates over the course of 2022 will likely have some effect on demand though to what degree remains to be seen. New construction is playing in an increasingly important role in our local housing market given the age and overall availability of existing homes for sale.”

Kansas City, Mo., began the new year where it finished last year, leading the metropolitan area in single-family permits issued with 77, followed by Lee’s Summit with 57 single-family permits issued in January. Rounding out the top five permitting cities for the first month of the year are Olathe with 41 permits, Raymore with 39 permits issued, and Overland Park with 36 single-family permits issued in January.

Click here to view the January 2022 Residential Statistics Report. 

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Media Contact : Kari English, kari@kchba.org

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