Indianapolis builders saw the smallest monthly increase in applications in the past year in October, and six of the area’s nine counties saw declining permit filings
A new report from the Builders Association of Greater Indianapolis and MIBOR Realtor Association says builders have a long way to go if they want to keep up with the area’s future demand for new housing.
Area home builders saw more demand for new homes in the first quarter than they have since 2006, according to a report released Thursday by the Builders Association of Greater Indianapolis.
Builders filed 481 single-family construction permits in the nine-county area in February, a 37 percent increase over the 351 permits they filed in 2017.
Home builders continued to see strong interest in new homes in central Indiana last month, according to the latest numbers from the Builders Association of Greater Indianapolis.
Home builders filed 653 single-family construction permits in the nine-county area in June—the busiest month since August 2007, when 722 permits were filed.
Filings to build new homes in central Indiana hit their highest monthly level in nearly 10 years last month, according to the latest numbers from the Builders Association of Greater Indianapolis.
