Association Touts Another Building Permit IncreasePosted: Updated:
The number of single-family building permits in Central Indiana is on the rise again. The Builders Association of Greater Indianapolis is reporting an increase for the 15th consecutive month. BAGI says more than 3,900 permits have been issued so far this year. There were nearly 3,200 during the same period in 2012. October 15, 2013
INDIANAPOLIS, Ind. - September building permit reports indicate that in the Greater Indianapolis Nine-County area, Single-Family Building Permits increased 23 percent compared to September 2012 year-to-date. Reports indicate there have been 3,933 new home permits issued this year compared to 3,191 in 2012.
"I believe we are continuing to see pent-up demand," says Steve Lains, CEO of the Builders Association of Greater Indianapolis. "Individuals who have been sitting on the sidelines for the past five-to-seven years are beginning to feel confident about the economy and are ready to build. It's not dissimilar to Home-A-Rama. We brought the show back after a five-year hiatus because builders are beginning to feel confident that their products will sell, which happens to be true for all four of the Home-A-Rama homes," says Lains.
In the Greater Indianapolis Nine-County region, the permits issued through September 2013 have created a total economic impact of $704,336,598 in local income, $159,896,068 in local taxes, and 11,925 local jobs, year to date.
The Builders Association of Greater Indianapolis is a professional trade association representing residential homebuilders, associates and remodelers. For more information call 317-236-6330; or visit www.BAGI.com for permits from 2000-2013.
Source: Builders Association of Greater Indianapolis