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Indianapolis-area home builders stay on growth streak

May 16, 2016

Indianapolis-area residential builders continued to see surging demand for new homes in April.

Builders filed 546 single-family construction permits in the nine-county area during the month, a 16 percent increase over the 471 they filed in April 2015, the Builders Association of Greater Indianapolis announced Friday.
 
The last time area builders filed more permits in April was in 2007, when they turned in 780. Permit filings have been on the rise for the last five months.
 
So far, filings are 14 percent ahead of last year’s pace, with 1,832 in the first four months of the year, compared with 1,612 during the same four months of 2015.

Hamilton County led the area in filings with 214 last month, a 10 percent increase over the previous April.

Marion County saw a 34 percent increase in filings last month, from 70 to 94.

Hendricks was the next busiest county, with 81 permits, up 42 percent.

In Boone County, permits jumped 47 percent, to 47.

Filings were down 19 percent in Johnson County, to 42, and increased 43 percent in Hancock County, to 43.

Filings in Morgan County jumped from eight to 13.

Madison County recorded 10 filings and Shelby County had seven.
 

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