IBJNews

Homebuilders see third straight month of rising demand

Back to TopCommentsE-mailPrintBookmark and Share

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.
 

ADVERTISEMENT

  • 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.

Post a comment to this story

COMMENTS POLICY
We reserve the right to remove any post that we feel is obscene, profane, vulgar, racist, sexually explicit, abusive, or hateful.
 
You are legally responsible for what you post and your anonymity is not guaranteed.
 
Posts that insult, defame, threaten, harass or abuse other readers or people mentioned in IBJ editorial content are also subject to removal. Please respect the privacy of individuals and refrain from posting personal information.
 
No solicitations, spamming or advertisements are allowed. Readers may post links to other informational websites that are relevant to the topic at hand, but please do not link to objectionable material.
 
We may remove messages that are unrelated to the topic, encourage illegal activity, use all capital letters or are unreadable.
 

Messages that are flagged by readers as objectionable will be reviewed and may or may not be removed. Please do not flag a post simply because you disagree with it.

Sponsored by
ADVERTISEMENT

facebook - twitter on Facebook & Twitter

Follow on TwitterFollow IBJ on Facebook:
Follow on TwitterFollow IBJ's Tweets on these topics:
 
Subscribe to IBJ
ADVERTISEMENT