Homebuilders see third straight month of rising demand

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Home-construction activity in cental Indiana rose for the third straight month in April, the Builders Association of Greater Indianapolis said Wednesday morning.

Homebuilders filed 521 single-family building permits in the nine-county area during the month. That’s up 5 percent from the 496 filed in April 2013. It’s also a 14-percent increase from March.

Hamilton County saw the most activity in April, with 214 permits filed. That’s an increase of 15 percent over April 2013.

In Marion County, 61 permits were filed, a decrease of 10 percent.

Filings rose 1 percent in Hendricks County, to 71; 30 percent in Boone County, to 60; and 27 percent in Hancock County, to 38.

Filings fell 9 percent in Johnson County, to 52. They also dropped in Madison, Morgan and Shelby counties.  

On a year-over-year basis, permit filings in the area have risen in 13 of the last 16 months. Through the first four months of the year, 1,659 permits were filed in central Indiana, an increase of 4 percent over the same period of 2013.

Area home construction has slowly increased during the economic recovery, but is still well off the torrid pace seen prior to the recession. More than 3,640 permits were filed in the area during the first four months of 2006.


  • Linda
    It takes a while to climb out of the Grand Canyon. Your .1% I believe refers to the first quarter, which was depressed nationwide by terrible weather. Projections for the rest of the year are for about 3%, and homebuilding will help lead the way. There is still a huge backlog of foreclosed properties, and we will probably never see the hyper-stupid suburban building boom of the late 90's again. But grow we will.
  • Recovery?
    wish people would stop calling the stagnant economy a 'recovery'. gdp grew at .1%....we're stuck in a rut.....but media outlets love to pretend we're recovering and things are looking up. We've been recovering for how many years now....fact is its the slowest recovery EVER after a recession.

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  1. I am not by any means judging whether this is a good or bad project. It's pretty simple, the developers are not showing a hardship or need for this economic incentive. It is a vacant field, the easiest for development, and the developer already has the money to invest $26 million for construction. If they can afford that, they can afford to pay property taxes just like the rest of the residents do. As well, an average of $15/hour is an absolute joke in terms of economic development. Get in high paying jobs and maybe there's a different story. But that's the problem with this ask, it is speculative and users are just not known.

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