New-home applications still rising in Indianapolis area

Indianapolis-area homebuilders saw a surge in applications for new houses in November, marking the 14th straight month of year-over-year increases.

Builders filed 556 single-family construction permits in the nine-county area last month, a 7 percent increase over the 519 filed in November 2017, according to the latest numbers from the Builders Association of Greater Indianapolis.

With a month left in the year, applications have already exceeded 2017’s full-year total of 6,198. On a year-to-date basis, permit filings are up 16 percent, from 5,777 in the first 11 months of 2017 to 6,689 during the same period this year.

Area builders are likely to have their busiest year since 2007, when 7,331 permits were filed.

County numbers for November

Hamilton County led the area in permit filings last month with 189, an increase of 3 percent over November 2017.

Marion County saw a 7 percent increase in November, from 103 to 110. Filings are up 25 percent so far this year in the county compared to the same time period of 2017.

Permits jumped 43 percent in Johnson County, to 77. They rose 17 percent in Hancock County, to 55.

Hendricks County received 55 filings, a decrease of 21 percent.

Filings dropped 3 percent in Boone County, to 28.

Filings rose from eight to 10 in Shelby County.

Morgan County saw a 45 percent increase in filings, to 16. Filings jumped from five to eight in Madison County.

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