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Area home builders see rebound in demand after off month

November 20, 2017

Area home builders saw an 11 percent jump in demand last month, according to the latest report from the Builders Association of Greater Indianapolis.

Builders filed 550 single-family construction permits in the nine-county area in October, up from 494 permits that were filed in October 2016, BAGI said Tuesday.

Monthly filings rebounded from an off month in September, when filings declined 5 percent. Filings have only fallen on a year-over-year basis in three of the past 27 months.

Permit filings are up 6 percent so far this year compared with the first 10 months of 2016, from 4,941 to 5,258.

Permit filings soared 42 percent in Marion County, from 78 in October 2016 to 111 last month.

Hamilton County saw an 18 percent decline in filings, from 202 to 165.

Hendricks County filings rose 16 percent, from 75 to 87.

Johnson County filings increased 27 percent, to 57.

Hancock County filings jumped 73 percent, to 57, and Boone County filings held steady at 29.

Morgan County reported and Shelby County reported 15 filings each.

Madison County saw filings increase from 10 to 14.

 

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