Builders Association Tempers News of Permit Rise

Posted: Updated:
(Spreadsheet provided by BAGI.) (Spreadsheet provided by BAGI.)

The chief executive officer of the Builders Association of Greater Indianapolis says, despite a jump in January single-family building permits, the environment for builders remains challenging. Steve Lains says difficulties in the project approval process are "hindering the new construction industry’s ability to meet the ongoing demand." The nine-county organization says 480 permits were issued last month, compared to 345 in the same month a year earlier.

The highest number of permits in the region -- 192 -- were issued in Hamilton County in January. Marion County came in second at 101, followed by Hendricks County's 67 and 40 in Johnson County. BAGI says projections from MarketGraphics Research Group suggest demand over the full year will be higher than current inventory in nearly all nine counties. Westport Homes Vice President of Sales and Marketing Rob Montgomery says "many builders like Westport went into the new year preparing inventory specs anticipating first and second quarter demand, which explains January's 39 percent permit growth. However, we would expect these numbers to level out as much of that inventory is depleted."

You can read more about the permit figures by clicking here.

  • Perspectives

    • EQ Can Take You Past The Limits of Your IQ

      While the concept of emotional intelligence isn't new, it's been gaining traction in today's business world. When employers talk about the importance of "soft skills" and traits such as resilience and empathy, they're actually describing components of emotional intelligence. Why is it important to understand our emotional intelligence?



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


  • Most Popular Stories

    • NH Firm Acquires Bitwise Solutions

      A Carmel-based web design and development firm is under new ownership. Bitwise Solutions Inc., which was founded in central Indiana more than 25 years ago, has been acquired by New Hampshire-based SilverTech Inc. Financial terms of the deal were not disclosed. SilverTech says it will retain the current Bitwise Solutions staff, including former owners Ron Brumbarger and Scott Workman, who will continue in key leadership roles. The company says the growth of...

    • Three Startups Growing in Fishers

      Three Fishers-based startups have announced growth plans. The city says VendorJump, Ultimate Automation and Sales Tuners, all of which have roots at Launch Fishers, have committed to investing a total of nearly $2 million and adding more than 80 jobs by 2021.

    • New Businesses Coming to Carmel City Center

      Carmel City Center is set to open several new businesses this summer. Oliver's Twist, Be.You.Tiful Nails and Addendum Gallery will all move from current locations to a larger space in the new Baldwin & Chambers Building. 

    • Ash Brokerage to Make Acquisition

      Fort Wayne-based Ash Brokerage Corp. has announced plans to acquire Zenith Marketing Group in New Jersey. Financial terms of the acquisition were not disclosed, however the insurance brokerage firm says Zenith will continue operating under the same name and keep its 55 employees.

    • Developer Selected For River Ridge 'Front Door'

      The River Ridge Development Authority has selected Louisville-based Hollenbach-Oakley LLC to serve as master developer of an office park in the 6,000-acre property. Plans include a Class A office building in the gateway portion of the River Ridge Commerce Center near the new Lewis and Clark Bridge interchange. Officials say the office park will offer a different environment than the manufacturing and distribution-focused operations located throughout the rest of River Ridge.