Home-building has slowed in the metro area, but Eastern Jackson County continues to buck that trend.
Through the first 10 months of the year, permits to build single-family homes are down 6 percent across the eight-county area, according to the Home Builders Association of Greater Kansas City, which recently released its latest figures.
The HBA is quick to point out that 2017 was a strong year and this year’s numbers are higher so far than any other year since the Great Recession. “Multifamily units” – five or more in a building – continue to soar.
Eastern Jackson County has accounted for one in five new single-family houses in the metro area this year, and it’s been running strong. Blue Springs – 351 homes, up 114 percent – continues to lead the way, followed by Independence (119 homes, up 19 percent) and Grain Valley (110 homes, up 10 percent). The Jackson County portion of Lee’s Summit is off 21 percent.
Home sales also remain on the rise. In Jackson County, 9,726 home sales have closed in the first 10 months of the year, a bump of 4.7 percent from the same period in 2017, according to the Kansas City Regional Association of Realtors and Heartland MLS. Homes are selling more quickly – an average of 47 days compared with 53 days last year – and sellers are getting 97.1 percent of their original list price, up slightly. The average home price of $196,114 is up 6.2 percent, and the median price – half are higher, half are lower – is $165,000, up 4.1 percent.
TCC, a Verizon retailer that recently opened a store at 1095 S.W. Missouri 7 in Blue Springs, has made donations to non-profits in conjunction with its grand opening. It gave $2,000 to Hero Fund, $500 to Pets for Vets and $500 to Sensational Hope. … The Creighton Economic Forecasting Group at Creighton University says non-durable goods manufacturers in Missouri have cut 1,600 jobs in the last 12 months, a loss of 1.5 percent in that workforce. But the durable-goods sector has as 6,000 jobs, up 4 percent.
Jeff Fox is The Examiner’s editor. Reach him at 816-350-6365 or firstname.lastname@example.org. He posts about business and other things on Twitter @FoxEJC.