Central Indiana sees December surge in new-home applications
The jump in December helped snap a four-month streak of falling numbers and pushed the entire year into positive territory.
The jump in December helped snap a four-month streak of falling numbers and pushed the entire year into positive territory.
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.
Four of the area’s nine counties saw increases in filings, but usual home- construction hotbeds Hamilton County and Marion County experienced decreases.
Only three of the area’s nine counties saw increases in filings, including Hamilton County, which broke a six-month streak of declines.
The year-over-year decline in single-family building permits was the first since March in the nine-county area.
Hancock, Boone and Hendricks experienced significant increases in single-family building permits.
Marion, Hendricks and Madison experienced significant increases in single-family building permits.
Single-family building permits in the nine-county area have increased in three of the first five months of 2025 on a year-over-year basis.
After a slow start to the year, central Indiana builders saw filings for new homes jump last month.
Single-family building permit filings in the nine-county area were down significantly in March.
Meanwhile, the Builders Association of Greater Indianapolis this week welcomed its first new CEO in 29 years.
Single-family building permit filings in the nine-county area had risen on a year-over-year basis for 19 straight months prior to January.
Central Indiana residential builders saw a surge in demand for new homes as 2024 came to a conclusion, making the year one of the strongest the industry has seen over the past two decades.
Single-family building permits in the nine-county area have risen on a year-over-year basis for 17 straight months.
Only one county in the nine-county Indy area reported a year-over-over decrease in single-family building permit filings in October.
Central Indiana residential builders are on pace to have one of their busiest years since the homebuilding boom that took place before the Great Recession.
Led by big surges in applications in Hancock and Johnson counties, demand for new homes in the Indianapolis area continued to grow in August.
This year’s Home-A-Rama Home Show, which gets underway Thursday in the Promontory of Zionsville neighborhood, features five high-end dwellings from five different builders.
While home construction hit a downturn nationally in July, builders continued to see growing demand for new homes in central Indiana.
Permit filings had risen on a year-over-year basis for 11 straight months before June’s decrease.