Crunching the numbers: Hamilton County homebuilding activity leads region

June 11, 2013
Back to TopCommentsE-mailPrintBookmark and Share

Single-family building permits in Hamilton County are up 24 percent this year compared to the first five months of 2012, despite a slight drop in May.

Homebuilders filed 188 permits here in May, down 3 percent from the same period last year, according to data released Tuesday by the Builders Association of Greater Indianapolis.

Even so, the fast-growing county to Indianapolis' north had more than twice as much housing construction as western suburb Hendricks County, where 90 permits represented a 43-percent increase.

All told, single-family building permits rose 23 percent in the nine-county Indianapolis area in May, BAGI said. It was the 11th straight month of year-over-year increases.

Noblesville led Hamilton County permit filings in May, with 61. Fishers was next with 53, followed by Carmel with 40. Westfield had 26 permits filed.

Year-to-date filings in Hamilton County totaled 817, up from 659 last year.

Down the road in Boone County, single-family permits are up 34 percent for the year, to 214. Whitestown had the most filings in May, with 25. Zionsville was next with 19.

What do you make of the numbers? Any guesses on how long the growth spurt can last?

ADVERTISEMENT
  • It's the schools
    Quality of life, namely the schools in places such as Brownsburg, is the reason for Hendricks County's growth. Everyone except for the Brownsburg Town Council and its equally inept Redevlopment Commission knows and understands this fact.
  • Pent Up Demand + More
    I think there are two dynamics at work in Carmel. The first is that after a dip in housing prices and a shaky economy since '08 things are on enough of an upswing that there is a certain amount of pent-up demand. That said, I doubt many builders feel confident enough to build spec homes at Carmel prices....yet. So, if these homes being built are already spoken for then people have gotten bank-approved or other financing already lined up. In other words, they must have solid jobs. In the last year or two, Carmel has scored some major jobs announcements so besides the pent up demand, I think you're seeing new home permitting increase because people are moving here to be closer to their jobs.

Post a comment to this blog

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
  1. Angela IS the best RD

  2. We are a nation of speed. All of our younger lives are filled with deadlines, quotas and bottom lines. We start to ease out of the pressured rat-race when we finally see "retirement." The most enjoyable travel on the planet is passenger rail service. Indy to Chicago does not beat Megabus or Southwest Airlines in speed. Passenger rail however has the best seating, mammoth legroon, seat backs that recline to more than 45 degrees and employers that really want you to return as a customer. Indiana municipalities need to maintain subsidies to support this transportation mode. Losing it is loss for all of us.

  3. Good day! I just want to testify how i got my loan from Mr. Eric Lefkofsky after i applied several times from various loan lenders who claimed to also testify right in this forum,i thought the testimonies where real and i applied but they never gave me loan. I was in need of an urgent loan to start a business and i applied from various loan lenders who promised to help but they never gave me the loan. Until a friend of mine introduce me to this popular Mr. Eric Lefkofsky who promised to help me and indeed he did as he promised without any form of delay. I never thought there are still reliable loan lenders until i met Mr. Eric lefkofsky who indeed helped me with the loan and changed my belief. I promised to share this testimony after I got my loan. I don't know if you are in any way in need of a genuine and urgent loan,free feel to contact Mr. Eric Lefkofsky via their email{grouponfunding@hotmail.com}

  4. Its a THUG issue. Bleecker Street and NYX are thug bars. They attract thugs of all races. Places that attract thugs need to be kicked out of Broad Ripple. Ain't nobody got time for that!

  5. Hello everyone, My name is Marian Gareth, I am from the Texas, United State, am here to testify of how i got my loan from Mr Andre Frank {frankloancompany@yahoo.com} after i applied Two times from various loan lenders who claimed to be lenders right in this forum,i thought their lending where real and i applied but they never gave me loan. I was in need of an urgent loan to start a business and i applied from various loan lenders who promised to help but they never gave me the loan.Until a friend of mine introduce me to Mr Andre Frank the C.E.O of Andre Frank Loan Company who promised to help me with a loan of my desire and he really did as he promised without any form of delay, I never thought there are still reliable loan lenders until i met Mr Andre Frank, who really help me with my loan and changed my lief for better. I don't know if you are in need of an urgent loan, free feel to contact Mr Andre Frank on his email{ Frankloancompany@yahoo.com} for help

ADVERTISEMENT