Building Permits Flat
The Builders Association of Greater Indianapolis says new, single-family building permits were essentially flat in July, compared to the same month the previous year. Chief Executive Officer Steve Lains says the numbers suggest a “very steady and stable housing market” in the nine-county region. August 13, 2014
INDIANAPOLIS, Ind. – The July building permit reports indicate that in the Greater Indianapolis Nine-County area, Single-Family Building Permits increased one percent over the 2013 numbers year-to-date. Reports indicate there have been 3,148 new home permits issued so far this year compared to 3,104 in 2013. In addition, Builder Confidence rose to a reading of 53 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI). Any reading over 50 indicates that more builders view sales conditions as good than poor.
“The consistent permit numbers are an indicator of a very steady and stable housing market here in Central Indiana,” says Steve Lains, CEO of the Builders Association of Greater Indianapolis. “We just learned that Builder Confidence in the market for newly-built single-family homes rose four points in July indicating that consumers are viewing the condition of the housing market as good – and that mirrors what we are seeing here in the nine-county area,” says Lains.
In the Greater Indianapolis Nine-County region, the permits issued through July 2014 have created a total economic impact of $563,755,812 in local income, $127,981,902 in local taxes, and 9,545 local jobs, year to date (see chart below).
County Total Permits Local Income Local Taxes Local Jobs
Boone 283 $50,680,716 11,505,362 858
Hamilton 1184 $212,035,223 48,135,506 3,590
Hancock 225 $40,293,856 9,147,372 682
Hendricks 430 $77,006,035 17,481,645 1,304
Johnson 375 $67,156,426 15,245,621 1,137
Madison 57 $10,207,777 2,317,334 173
Marion 485 $86,855,645 19,717,669 1,471
Morgan 76 $13,610,369 3,089,779 230
Shelby 33 $5,909,766 1,341,615 100
Totals: 3148 $563,755,812 $127,981,902 9,545
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 for permits from 2000-2014.
Source: The Builders Association of Greater Indianapolis