October 2022 Residential Statistics Report

October 2022 Residential Statistics Report

Single Family Permits Top 300 Again in October

Local cities and counties permitted 316 single family units in October, which is two more than in September. The 2022 year-to-date total of 4,355 is the lowest since 2019, according to the Home Builders Association of Greater Kansas City’s (KCHBA) monthly Residential Building Permit Statistics report.  

Olathe was the most active city during October, permitting 63 single family units, followed by Kansas City with 55 single-family permits and Belton with 37 single-family permits issued. 

Kansas City remains the top permitting city year-to-date, with 711 permits issued in Clay, Platte, and Jackson counties. Olathe remains the second most active city, with 453 permits. The cities of Overland Park (346), Lee’s Summit (280) and Raymore (268) round out the top five busiest cities. 

“Housing demand has clearly weakened as a result of higher interest rates,” said Will Ruder, Executive Vice President of the KCHBA. “New home sales are down 22 percent in the Midwest year-to-date, but recent trends in interest rates coupled with lower than anticipated inflation indicators may very well improve market conditions as would-be homeowners regain some buying power.”

Click here to view the October 2022 Residential Statistics Report.

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Media Contact : Kari English, kari@kchba.org

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