Home construction rise in Hamilton County bucks area trend
Single-family building permit filings in central Indiana have fallen on a year-over-year basis for the past 17 months and in 20 of the past 22 months.
Single-family building permit filings in central Indiana have fallen on a year-over-year basis for the past 17 months and in 20 of the past 22 months.
Six of the area’s nine counties had rising single-family building permit numbers last month, with big increases seen in Hendricks, Madison and Morgan counties.
For the first time since March 2021, every Indianapolis-area county reported growth in single-family building permit filings.
Hamilton, Johnson and Marion counties saw huge surges in single-family building permit filings in November.
After a dismal first half, applications for new home construction rose significantly during the last six months of the year in the nine-county area.
Applications for new home construction in central Indiana have risen on a year-over-year basis for eight straight months.
The Indianapolis-area homebuilding industry continued to see rising interest in new houses in March, with applications for new-home construction increasing 18.5% on a year-over-year basis.