Building Permits on Rise in Central Indiana

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INDIANAPOLIS -

The Builders Association of Greater Indianapolis says single-family building permits jumped 14 percent in July, compared to the same month last year. The increase is the largest in any month this year. Chief Executive Officer Steve Lains says "we are pleased to see a continued steady growth in central Indiana housing and its associated economic impacts through local jobs, wages, and taxes."

Through the first first seven months of the year, 3,671 new permits have been issued, compared to 3,460 during the same period in 2016. Permit totals were only down in two counties of the nine-county area. The highest number of permits was once again in Hamilton County, where nearly 1,380 permits were pulled, more than twice Marion County, the second-highest in the region, at 612. Morgan and Johnson counties registered increases of 36 percent and 19 percent, respectively.

  • Perspectives

    • Truck Driver Supply Impacting Cargo Hauling Demand

      The U.S. unemployment rate has moved down to 3.9 percent, which is its lowest level since December 2000, according to the U.S. Bureau of Labor Statistics. Great news! Maybe not. There are business sectors that need employees due to constraints in the labor market - namely truck drivers. The level of employment in the truck transportation industry is essentially unchanged since mid-2015, according to the bureau. And the impact is being felt.

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