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Home construction ticks up amid harsh weather

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The central Indiana home-construction industry saw a small uptick in business in February, the Builders Association of Greater Indianapolis reported Tuesday.

Homebuilders filed 379 single-family building permits in the nine-county metro area in February, BAGI said. That’s up 3.6 percent from the 366 that were filed in February 2013.

February’s numbers followed a stagnant January that saw only 300 permits filings, compared with 303 in January 2013.

This year’s unusually tough winter took a toll on business, according to Steve Lains, CEO of BAGI.

“The harsh weather remains a huge factor in our February permit numbers but the numbers remain strong,” Lains said in a prepared statement. “Market analysts predict a steady increase in permit activity in 2014, and I suspect once we see a rise in temperatures, we’ll see the predicted uptick in our numbers …”

Year-over-year filings dropped 3 percent in Marion County in February, from 63 to 61.

They rose 1 percent in Hamilton County, to 162; 29 percent in Hendricks County, to 49; and 11 percent in Johnson County, to 41. Hancock County saw filings double, from 14 to 28.

Shelby County went without a permit filing for the third straight month.










 

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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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