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Area sees May surge in residential building permits

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New-home construction in the Indianapolis area rebounded last month from a poor April to post a big year-over-year increase.

Single-family building permits filed in the nine-county area in May totaled 431, a 20-percent spike from the same month of 2011, according to the Builders Association of Greater Indianapolis. The increase was the strongest year-over-year percentage increase in May in 11 years.

That follows an April in which permit filings fell 2 percent over the previous year.

Hamilton County in May recorded 193 permits, the most of the metro-area counties, for a 31-percent increase over May 2011.

In Marion County, builders filed 66 permits, a 14-percent increase.

Hendricks County saw 63 permits filed last month, a 43-percent increase from May 2011. Activity was flat in Johnson County.

BAGI CEO Steve Lains said he was encouraged by May’s results.

“In the last decade, May has not been a particularly strong month in terms of an increase in permits from the previous year,” he said in a written statement. “With permits trailing sales by 30 to 45 days, the numbers are an indication of a strong spring selling season that we hope continues into the summer.”

The stronger May helped push year-to-date building activity higher. The number of area permits filed so far through May totaled 1,655, an 11-percent increase from the first five months last year.

Still, building activity is slow compared to pre-recession levels. Nearly 780 permits were filed in May 2007 and 946 were filed in May 2006.

 
 

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  1. Again, Maria.... how much are YOU contributing? The man doesn't HAVE to give a red cent! What don't you get about that? And, I know this might actually require some actual "facts", but can you please point me to the parking garage that the city gave to him?

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  3. Yes, Ersal, thank you for donating a whole $75,000, while the city gives you a parking garage for free and is going to pay for a multi million dollar stadium for you. I'd be donating money too if I was on welfare.

  4. I live and work in Broad Ripple and agree 100% that the traffic is not a significant problem. It can be slow at some times, but hey...this is an urban area. As for the development itself...HOORAY. Office and retail development brings people during the day, something that our community needs much more of. Thank goodness people are finally waking up to take advantage of the serene White River views. The BRVA land us committee endorsed the project because they know how these kind of projects help offset the cries of "too many bars". Pray that this development, and the proposed major investment by Browning, move forward. And remember Good Earth, these will mean hundreds of daytime people - potential shoppers for your store.

  5. Under current, previous existing law, this new law would be unconstitutional. Not that supposedly having to have a driver's license to drive isn't in the first place.

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