Building Permits Jump Again in August

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INDIANAPOLIS -

The Builders Association of Greater Indianapolis says single-family building permits jumped 14 percent in August. The organization says 520 permits were issued last month in the nine-county region, compared with 456 permits during the same month last year. 

Nearly 4,000 permits have been issued year-to-date, which is a 13 percent increase over the same period in 2015. Steve Lains, chief executive officer of the BAGI, says Madison County saw the biggest year-to-date jump in permits with 38 percent over last year.

"Development is beginning to happen in areas like Fortville, Pendleton and Greenfield, which are outside the typical growth areas we have seen in recent years," said Lains. "The rising price points in our heavily populated counties are causing homebuyers to expand their search in order to find housing options that fit the average household income in the market."

Morgan County was the only county in the region that saw a decrease in permits year-to-date, dropping 4 percent. 

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