Building Permits See Double-Digit Rise Statewide

Posted: Updated:
INDIANAPOLIS -

The Indiana Builders Association says single-family building permits rose 10 percent in July. The organization says 1,310 permits were issued throughout the state, up from 1,189 during the same month last year.

The IBA says permits decreased 20 percent over the previous month, according to the latest data from the U.S. Census Bureau. However, the overall number of permits remains up 12 percent for the first seven months of the year.

"When comparing the data from last year, we see that the upward trend is still reflective of a continued recovery for the state housing market." Indiana Builders Association President Lance Swank said in a news release. "As Indiana continues to welcome more homeowners to the economy, we are confident home building will fall in line to meet consumer needs."

The IBA says the National Association of Home Builders/Wells Fargo Housing Market Index increased four points to 68 in August. Any number over 50 means more builders view sales conditions as good rather than poor.

"Our industry has recently been faced with a substantial amount of supply-side challenges that greatly affect our members," said Swank. "However, with the state’s initiatives on job and economic growth, our members are encouraged by the demand in housing from Hoosiers across generations."

  • Perspectives

    • How to Find a New Audience After Hitting a Marketing Plateau

      It may sound like a marketer’s dream scenario: efforts have proven to be so successful it appears a company has completely saturated their target audience. While it may be a good problem to have, it still may be a problem. Hitting a marketing plateau is an opportunity for companies in any industry to reevaluate, re-energize and come to the table with new ideas for better understanding existing customers and engaging new audiences.

    More

Subscribe

Name:
Company Name:
Email:
Confirm Email:
HTML
INside Edge
Morning Briefing
BigWigs & New Gigs
Life Sciences Indiana
Indiana Connections
INPower
Subscribe
Unsubscribe

Events



  • Most Popular Stories

    • (image courtesy of The Times of Northwest Indiana)

      Crews Start Demolition of Carson's in Hammond

      The face of downtown retail in Hammond is changing once again with the demolition of Carson’s department store, the one-time the anchor of Woodmar Mall. Our partners at The Times of Northwest Indiana report excavating crews have started to demolish the last vestige of the shopping center which stood since the 1950s. 

    • Shaina Keck

      Pier 48 Manager Named

      FK Restaurant Group has named Shaina Keck sales and banquet manager for Pier 48 Fish House and Bar in downtown Indianapolis. She previously served in sales at Kilroy's Bar & Grill. Keck is a graduate of Indiana University Kelly School of Business with a bachelor of science degree in finance and accounting with a concentration in international studies.  
    • (image courtesy of The Times of Northwest Indiana)

      U.S. Steel Cuts Jobs, Low Price Imports Partially to Blame

      Pittsburgh-based U.S. Steel has announced it will idle its tin mill operations in East Chicago, affecting nearly 300 workers, half of which will lose their jobs. Our partners at The Times of Northwest Indiana report U.S. Steel blames the layoffs on the Del Monte food company which announced its own mass layoffs. 

    • Lucy Schaich

      City of Bloomington Promotes Schaich

      The city of Bloomington has promoted Lucy Schaich to volunteer network coordinator, a program of the Community and Family Resources Department.  She served as assistant coordinator from 2000 until 2018, when she became the volunteer network’s interim director. Schaich is a graduate of Indiana University. 

    • Gas City Startup Helping Hemp Farmers

      Last month, it became legal for Hoosier farmers to grow hemp and a Gas City-based startup is being aggressive in being among the first to take advantage of market opportunities. Heartland Harvest Processing is helping farmers connect the new agricultural commodity to consumer products, including CBD. Founder and Chief Marketing Officer Chris Moorman says the first hemp harvest under the new law is expected to begin next month. In an interview with Business of Health...