Area home builders see first drop in permit filings in 14 months
Despite a slight decline in August, single-family building permit filings are still on pace to have their biggest year since 2005.
Despite a slight decline in August, single-family building permit filings are still on pace to have their biggest year since 2005.
So far this year, 6,539 single-family building permits have been filed in the Indianapolis area, up 39% over the first seven months of 2020.
The tumble marks a stark turnaround for the common building material after strong U.S. construction demand during the pandemic spurred a surge in orders for lumber, causing prices to more than quadruple to their May peak and fueling inflation concerns.
So far this year, 5,710 single-family building permits have been filed in the area, up 46% over the first six months of 2020.
Arbor Homes, the most-active home builder in the Indianapolis area, said the acquisition of R&R Plumbing “will bolster the company’s existing efficient building processes.”
So far this year, 4,676 single-family building permits have been filed in the nine-county Indianapolis area, up 49% over the first five months of 2020.
Builders in the nine-county Indianapolis area are seeing their busiest year since 2005 despite soaring lumber prices and snarled supply chains that have made it difficult to get products to complete new homes.
So far this year, 2,717 single-family building permits have been filed in the nine-county Indianapolis area, up 48% over the first three months of 2020.
February’s snowstorms failed to put a chill on demand for new homes in central Indiana, the Builders Association of Greater Indianapolis announced Wednesday.
Fresh off their busiest year since 2006, area homebuilders continued to see heavy interest from buyers in January, the Builders Association of Greater Indianapolis announced Wednesday.
Builders in the nine-county Indianapolis area filed 694 single-family building permits in November, up 47% from the same month of 2019.
The Indianapolis area’s most active home builder is bringing one of its frequent collaborators in-house to help develop more lots.
Area homebuilders have made 7,181 single-family building permit filings through the first 10 months of 2020. That’s already more than they’ve filed in any full year since 2007.
Permit filings are up 12% so far this year compared with the first eight months of 2019, despite the pandemic.
Residential builders Drees Homes and Epcon Communities presented plans to the Westfield City Council on Monday for three different developments in the city.
Area new-home construction filings jumped 12% last month, marking the 11th time in the last 13 months that filings have risen on a year-over-year basis.
Permit filings had been on the rise in nine of the last 10 months before pandemic-related issues finally took a toll on numbers last month.
Applications for home construction permits rose 5% in the Indianapolis area in April, marking the ninth monthly increase in the past 10 months on a year-over-year basis.
Interest in buying new homes in central Indiana surged dramatically in the first quarter, before the affects of the COVID-19 pandemic began taking its toll on the economy.
Applications for home construction permits soared 34% in the Indianapolis area in February. The flurry of new applications came before the first cases of COVID-19 hit Indiana.