Mar

27

Local housing market improves a bit

March 27, 2008 | 1 Comment

February showed a small but encouraging sign in the local housing market.  Building permits have been declining for months, but in February they actually went back up a little bit. KCMO was by far the leader in new construction. Even during the recession the Downtown and Northland markets continue to outperform than the suburbs.  Olathe was a distant second in February, followed even more distantly by Raymore.

Categories: Real Estate


Comments

1 Comment so far

  1. bahua on March 28, 2008 12:14 pm

    I can see how building permits can indicate the health of the economy, but it definitely doesn’t tell me anything positive about the health of the city. It seems to me that in the vast majority of cases, a building permit is acquired to allow the construction of a new building, where currently there is nature or agriculture. Kansas City granting more building permits means to me that KC, despite downtown’s successes, is still addicted to sprawl, and that’s bad news to me.

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