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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. Now if he'd just stay there...

  2. Daniel - what about the many US citizens who do NOT follow what the Bible teaches? The Hindus, Jews, Muslims and others who are all American citizens entitled to all rights as Americans?? This issue has NOTHING to do with "What the Bible says..." Keep all Churches separate from State! Pence's ongoing idiocy continues to make Indiana look like a backwards, homophobic state in the eyes of our nation. Can't we move on to bigger issues - like educating our kids?

  3. 1. IBJ should link to the referenced report. We are in the age of electronic media...not sharing information is lazy. Here is a link http://www.in.gov/gov/files/Blue_Ribbon_Panel_Report_July_9_2014.pdf 2. The article should provide more clarity about the make-up of this panel. The commenters are making this item out to be partisan, it does not appear the panel is partisan. Here is a list of the panel which appears to be balanced with different SME to add different perspectives http://www.in.gov/activecalendar/EventList.aspx?view=EventDetails&eventidn=138116?formation_id=189603 3. It suggests a by-pass, I do not see where this report suggests another "loop". 4. Henry, based on your kneejerk reaction, we would be better off if you moved to another state unless your post was meant as sarcasm in which case I say Well Done. 5. The article and report actually indicates need to improve rail and port infrastructure in direct contradiction to Shayla commentary. Specifically, recommendation is to consider passenger rail projects... 6. People have a voice with their elected officials. These are suggestions and do not represent "crony capitalism", etc. The report needs to be analyzed and the legislature can decide on priorities and spending. Don't like it, then vote in a new legislature but quit artificially creating issues where there are none! People need to sift through the politics and provide constructive criticism to the process rather than making uninformed comments in a public forum based on misinformation. IBJ should work harder to correct the record in these forums when blatant errors or misrepresentations are made.

  4. Joe ... Marriage is defined in the Bible ... it is mentioned in the Bible often. Marriage is not mentioned once in the US or Indiana Constitution ...

  5. Daniel - Educate me please: what does the Bible have to do with laws? If the government wasn't in the business of marriage to begin with, then it wouldn't have to "define" marriage at all. Marriage could be left as a personal, religious, or otherwise unregulated action, with no ties to taxes, legal status, etc. Then people could marry whomever they want, and all this silliness would go away. Remember to vote Libertarian in November.

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