`

Indianapolis-area builders see solid demand for new homes

September 22, 2017

Home builders continued to see solid demand for new homes in central Indiana last month, according to the latest numbers from the Builders Association of Greater Indianapolis.

Builders filed 595 single-family construction permits in the nine-county area in August—14 percent more than the 521 permits that were filed in August 2016, BAGI reported this week.

Filings have risen in 23 of the last 25 months.

Overall, filings are up 7 percent so far this year compared with the first eight months of 2016, from 3,981 to 4,266.

Permit filings increased 73 percent in Marion County, from 77 in August 2016 to 133 last month.

Hamilton County saw a 4 percent dip in filings, from 191 to 184.

Hendricks County filings rose 13 percent, from 91 to 103.

Johnson County filings rose 27 percent, to 76. Hancock County filings decreased 25 percent, to 30.

Boone County filings soared 45 percent, to 42.

Morgan County reported 10 filings and Shelby County had eight.

Madison County saw filings drop from 12 to 9.

 

ADVERTISEMENT

Recent Articles by IBJ Staff

Comments powered by Disqus