Building Permits Rise in Central IndianaPosted: Updated:
The Builders Association of Greater Indianapolis says the number of new, single-family building permits continues to outpace last year. BAGI says through November, there have been nearly 4,630 permits issued in 2013, compared to more than 3,900 in 2012. December 17, 2013
INDIANAPOLIS, Ind. - November building permit reports indicate that in the Greater Indianapolis Nine-County area, Single-Family Building Permits increased 18 percent compared to November 2012 year-to-date. So far this year, there have been 4,625 new home permits issued compared to 3,907 in 2012.
"It's a good market indicator that we are continuing to see the permit numbers increase over last year's numbers," says Steve Lains, CEO of the Builders Association of Greater Indianapolis. "We saw a 2 percent decrease in numbers over last month and that is very typical because of the time of year. In 2014, forecasters believe we will continue to see steady increases in permit numbers which will ultimately indicate another strong year for housing in Central Indiana," says Lains.
In the Greater Indianapolis Nine-County region, the permits issued through November 2013 have created a total economic impact of $828,262,590 in local income, $188,029,320 in local taxes, and 14,023 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