Indianapolis-area builders continue to see rising demand for new homes

Area builders saw interest in new homes rise for the 11th month in a row in August, with applications rising 6 percent.

Builders filed 630 single-family construction permits in the nine-county area last month, compared with the 595 permits that were filed in August 2017, according to the latest numbers from the Builders Association of Greater Indianapolis.

That’s the largest number of permit filings in August since 2007.

On a year-to-date basis, permit filings are up 19 percent, from 4,266 in the first eight months of 2017 to 5,069 during the same period this year.

Area filings have been on the rise in 31 of the last 33 months on a year-over-year basis.

Hamilton County led the area in filings in August with 231, an increase of 26 percent compared with the same month of 2017.

Marion County saw a 27 percent decline in filings in August, from 133 to 97. Filings are still up 35 percent this year in the county compared to the first eight months of 2017.

Permit filings jumped 70 percent in Hancock County, to 51. Filings are 50 percent in the county this year.

Hendricks County received 85 filings in August, a decrease of 17 percent.

Permits were down 5 percent in Johnson County, to 72. They declined 12 percent in Boone County, to 37.

Filings rose from 10 to 20 in Morgan County and fell from eight to 15 in Shelby County.

Madison County saw 21 filings, up from nine in August 2017.

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