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Area sees June dip in residential building permits

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Residential construction activity in central Indiana is ahead of last year’s pace through the first six months of the year, but month-to-month volatility continues to show the inconsistency in the new-home market.

Builders in the nine-county area filed 428 single-family construction permits in June, a 1-percent decline from the same month last year, according to the Builders Association of Greater Indianapolis. That followed a strong May, in which permits outpaced the number filed in May 2011 by 20 percent.

Through June this year, building permits in the nine-county area totaled 2,023, an 8-percent increase from the same time last year. But home builders so far this year have yet to string together more than two consecutive months of positive building-permit activity.

Permit filings dropped this year in January and April, but were up strongly in February and March.

In Marion County last month, builders filed 72 permits, or 15 percent fewer than in June 2011.

Activity also fell in Hamilton County, where builders filed 147 permits in June, an 8-percent drop from the same month last year.

Hendricks County saw 66 permits filed last month, a 2-percent increase from June 2011. The most notable improvement was in Johnson County, where builders filed 62 permits, a 32-percent increase.

While home building is up in 2012, activity is far behind the pace set before the recession. Almost twice as many permits were filed in the first six months of 2007 compared with the same period this year.
 

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  1. The east side does have potential...and I have always thought Washington Scare should become an outlet mall. Anyone remember how popular Eastgate was? Well, Indy has no outlet malls, we have to go to Edinburgh for the deep discounts and I don't understand why. Jim is right. We need a few good eastsiders interested in actually making some noise and trying to change the commerce, culture and stereotypes of the East side. Irvington is very progressive and making great strides, why can't the far east side ride on their coat tails to make some changes?

  2. Boston.com has an article from 2010 where they talk about how Interactions moved to Massachusetts in the year prior. http://www.boston.com/business/technology/innoeco/2010/07/interactions_banks_63_million.html The article includes a link back to that Inside Indiana Business press release I linked to earlier, snarkily noting, "Guess this 2006 plan to create 200-plus new jobs in Indiana didn't exactly work out."

  3. I live on the east side and I have read all your comments. a local paper just did an article on Washington square mall with just as many comments and concerns. I am not sure if they are still around, but there was an east side coalition with good intentions to do good things on the east side. And there is a facebook post that called my eastside indy with many old members of the eastside who voice concerns about the east side of the city. We need to come together and not just complain and moan, but come up with actual concrete solutions, because what Dal said is very very true- the eastside could be a goldmine in the right hands. But if anyone is going damn, and change things, it is us eastside residents

  4. Please go back re-read your economics text book and the fine print on the February 2014 CBO report. A minimum wage increase has never resulted in a net job loss...

  5. The GOP at the Statehouse is more interested in PR to keep their majority, than using it to get anything good actually done. The State continues its downward spiral.

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