New-home applications see sharp August decline in central Indiana
The year-over-year decline in single-family building permits was the first since March in the nine-county area.
The year-over-year decline in single-family building permits was the first since March in the nine-county area.
Only three of the area’s nine counties saw increases in filings, including Hamilton County, which broke a six-month streak of declines.
Four of the area’s nine counties saw increases in filings, but usual home- construction hotbeds Hamilton County and Marion County experienced decreases.
The year-over-year decline was the sixth during the first 11 months of 2025 following a streak of 20 straight months of rising applications.
The jump in December helped snap a four-month streak of falling numbers and pushed the entire year into positive territory.