The Indiana Builders Association says single-family building permits in Indiana rose 37 percent in February. The state issued 874 permits last month, compared with 636 during the same period the previous year.
The data from the U.S. Census Bureau and the Department of Housing and Urban Development also shows permits increased 33 percent in February compared to the previous month. Also, permit numbers for the first two months of 2016 are up 16 percent from the first two months of 2015.
"Single-family building permits in February have not been this high since before the recession in 2007," said Indiana Builders Association Chief Executive Officer Rick Wajda. "The increase in single-family building permits is consistent with positive builder sentiment and other economic indicators showing that the housing market is continuing a gradual recovery."
The IBA says the National Association of Home Builders/Wells Fargo Housing Market Index remained at 58 in March for Indiana. Any number over 50 means more builders view conditions as good than poor.