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Area home-building activity up in first quarter

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New-home construction in the Indianapolis metropolitan area surged during the first quarter of 2012 compared with the same period last year, bolstered by stronger activity the past two months.

Permits filed in the first three months of the year in the nine-county area totaled 872, a 13-percent increase, according to the Builders Association of Greater Indianapolis.

March filings rose 6 percent, from 374 to 395. But the number of permits filed in February jumped a whopping 40 percent compared to the same month in 2011, helping builders rebound from a sluggish January.

The first month of the year is typically slow for building permits. Just 196 were filed in January, a 1-percent dip from last year.

In March, Hamilton County registered 148 permits, the most of the metro-area counties. Yet, it registered a decrease of 6 percent from March 2011.

In Marion County, builders filed 63 permits in March, just one fewer than they did last March.

Building activity was strongest in Hendricks County, where 75 building permits were filed last month, a 36-percent increase from March 2011.

Though building activity is trending up in 2012, it’s still well behind the pace set before the recession. In the first three months of 2007, for instance, area building permits totaled 1,676, almost double the first quarter of 2012. In the first quarter of 2006, 2,712 permits were filed—more than three times as many as the most recent quarter.

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  1. why oh why does this state continue to elect these people....do you wonder how much was graft out of the 3.8 billion?

  2. i too think this is a great idea. I think the vision and need is there as well. But also agree with Wendy that there may be better location in our city to fulfill this vision and help grow the sports of hockey and figure skating in Indy. Also to help further develop other parts of the city that seem often forgotten. Any of the other 6 townships out side of the three northernmost could benefit greatly from a facility and a vision like this. For a vision that sounds philanthropic, the location is appears more about the money. Would really like to see it elsewhere, but still wish the development the best of luck, as we can always use more ice in the city. As for the Ice growth when they return, if schedules can be coordinated with the Fuel, what could be better than to have high level hockey available to go see every weekend of the season? Good luck with the development and the return of the Ice.

  3. How many parking spaces do they have at Ironworks? Will residents have reserved spaces or will they have to troll for a space among the people that are there at Ruth Chris & Sangiovese?

  4. You do not get speeding ticket first time you speed and this is not first time Mr.Page has speed. One act should not define a man and this one act won't. He got off with a slap on the wrist. I agree with judge no person was injured by his actions. The state was robbed of money by paying too much rent for a building and that money could have been used for social services. The Page family maybe "generous" with their money but for most part all of it is dirty money that he obtained for sources that are not on the upright. Page is the kind of lawyer that gives lawyers a bad name. He paid off this judge like he has many other tine and walked away. Does he still have his license. I believe so. Hire him to get you confiscated drug money back. He will. It will cost you.

  5. I remain amazed at the level of expertise of the average Internet Television Executive. Obviously they have all the answers and know the business inside and out.

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