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Homebuilding permits rise for 12th straight month

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Single-family-building permit filings rose 13 percent in the nine-county Indianapolis area in June, the 12th straight month of year-over-year increases, the Builders Association of Greater Indianapolis announced Tuesday.

Builders filed 474 permits in June, compared with 419 during the same month a year ago.

Through June this year, 2,603 permits have been issued, an increase of 26 percent compared to the first six months of 2012.

“The June permits increase confirms that the improvement we have been seeing in the local housing market over the past year continues to take place at a gradual and steady pace,” said BAGI CEO Steve Lains in a prepared statement.

Hamilton County saw a 15-percent increase in permits, with 169 in June. Filings were up 21 percent in Johnson County, to 64. They rose 57 percent in Boone County, to 58.

Permits fell 22 percent in Marion County, to 56. Hendricks County saw an 11-percent decrease, to 59.

Despite recent improvement, home construction in the area significantly lags pre-recession activity. Nearly 1,000 permits were filed locally in June 2006, more than double current numbers.
 

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  1. You are correct that Obamacare requires health insurance policies to include richer benefits and protects patients who get sick. That's what I was getting at when I wrote above, "That’s because Obamacare required insurers to take all customers, regardless of their health status, and also established a floor on how skimpy the benefits paid for by health plans could be." I think it's vital to know exactly how much the essential health benefits are costing over previous policies. Unless we know the cost of the law, we can't do a cost-benefit analysis. Taxes were raised in order to offset a 31% rise in health insurance premiums, an increase that paid for richer benefits. Are those richer benefits worth that much or not? That's the question we need to answer. This study at least gets us started on doing so.

  2. *5 employees per floor. Either way its ridiculous.

  3. Jim, thanks for always ready my stuff and providing thoughtful comments. I am sure that someone more familiar with research design and methods could take issue with Kowalski's study. I thought it was of considerable value, however, because so far we have been crediting Obamacare for all the gains in coverage and all price increases, neither of which is entirely fair. This is at least a rigorous attempt to sort things out. Maybe a quixotic attempt, but it's one of the first ones I've seen try to do it in a sophisticated way.

  4. In addition to rewriting history, the paper (or at least your summary of it) ignores that Obamacare policies now must provide "essential health benefits". Maybe Mr Wall has always been insured in a group plan but even group plans had holes you could drive a truck through, like the Colts defensive line last night. Individual plans were even worse. So, when you come up with a study that factors that in, let me know, otherwise the numbers are garbage.

  5. You guys are absolutely right: Cummins should build a massive 80-story high rise, and give each employee 5 floors. Or, I suppose they could always rent out the top floors if they wanted, since downtown office space is bursting at the seams (http://www.ibj.com/article?articleId=49481).

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