IBJNews

Local building permits down again in August

Back to TopCommentsE-mailPrintBookmark and Share

New home construction in the nine-county metropolitan area fell for the third consecutive month in August.

The number of building permits filed locally dropped by 18 percent last month from the same time a year ago, falling from 354 to 290, according to figures from the Builders Association of Greater Indianapolis.

Sixty-six permits were filed in Marion County in August, down slightly from 67 in the same month last year and up from 46 last month. Hamilton County fared much worse, however. It saw a 29-percent decline in permits filed, from 139 in August 2009 to 98 last month.

The negative trend in local building permits started in June, when the number filed fell by 20 percent from the same month a year ago. July posted a 13-percent decline in permits.

But the two months previous weren’t much better. April was flat and May saw an increase of just 2 percent from the same month in 2009.

Generous federal tax credits that expired at the end of April likely led to the drop in permit filings.

Large increases in the number of building permits filed the first three months of the year have helped the nine-county area to outpace last year's pace through the first eight months of 2010. Through August, 2,733 permits had been filed, an 11-percent increase from the same time last year.

Nationally, home construction increased last month and applications for building permits also grew. But the gains were driven mainly by apartment and condominium construction, not the much larger single-family homes sector.

Nationally, construction of new homes and apartments rose 10.5 percent in August from a month earlier, to a seasonally adjusted annual rate of 598,000, the Commerce Department said Tuesday. That's the highest level since April.
 

ADVERTISEMENT

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
  1. "This was a very localized, Indiana issue," he said. As in, Indiana failed to expand Medicaid to cover its poor citizens resulting in the loss of essential medical services, including this EMS company. Well done, Indiana GOP. Here are the real death panels: GOP state governments who refuse to expand Medicaid for political reasons.

  2. In the "one for all, all for none" socialist doctrine the sick die...this plus obama"care" equates to caucasian genocide plus pushed flight to cities thus further eroding the conservative base and the continualed spiral toward complete liberal/progressive/marxist America.

  3. There is a simple reason why WISH is not reporting on this story. LIN has others stations in different markets that are affiliated with CBS. Reporting about CBS blindsiding WISH/LIN due to CBS's greed and bullying tatics would risk any future negoations LIN will have with CBS in other markets.

  4. My best always! Dave Wilson

  5. How did Columbus, Ohio pull off a car share service without a single dollar of public subsidies? They must not have a mayor who is on the take like Indianapolis. Daimler Benz offers Columbus residents their Smart Cars on a market-driven basis: "This has some neat features. Cars don’t have to be picked up and dropped off at fixed points. You find one with your smart phone based on GPS, and drop it off anywhere in the service area you can find a spot – even at a meter. These cars aren’t required to feed the meter so you get free on street parking while using them. I was told this system was put in place on a market basis without subsidies – and that the vendor actually pays the city for the use of the meters." http://www.urbanophile.com/2014/05/26/checking-in-on-columbus/

ADVERTISEMENT