The Kansas City Business Journal reported some encouraging statistics about growth in the area’s home building industry recently. According to data from the Homebuilder’s Association of Greater Kansas City, in October 2010, housing permits in the Kansas City area rose 61.2% over September 2010 for a combined value of $47.9 million. This is a 23.4% rise in home permits compared with October 2009.
The rise in home building activity is attributed to pent-up demand caused by cutbacks during the economic recession. As that demand returns and the economy improves, Kansas City should see more home building activity in the coming months. On the heels of major construction industry exhibitions, such as the Kansas City Build Expo and Greenbuild, local contractors and builders should be primed for the uptick. Find out more about local home building activity from the homebuilders association December newsletter.
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