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.