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New Housing Starts at Highest Rate Since 2007

In Kansas City, the real estate market seems to be hot in all aspects of the market, especially in new construction. Single-family home building continued to accelerate in the region last year, resulting in the highest number of housing starts since 2007. Kansas City home builders pulled permits for 6,385 single-family homes in 2007, before the ensuing recession pushed permit volume off a cliff — to 3,232 in 2008 and 2,155 in 2009. Since falling to that mark, the lowest volume in recent history, the market has been gradually recovering. 4,087 single-family permits were issued throughout the eight-county metro area in 2013 — a 24 percent increase from the 3,299 permits issued in 2012, according to the Home Builders Association of Greater Kansas City.

Building a home and moving to Kansas City has been a popular trend for many Americans in recent years. Overland Park led the area with a total of with 1,562 total units permitted in 2013, including 422 single-family homes and 1,140 multifamily units. Kansas City followed with 1,502 residential units, including 675 single-family homes and 827 multifamily units. Next was Olathe, with 560 total units, including 528 single-family and 32 multifamily.

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