The Builders Association of Greater Indianapolis reports single-family building permits in central Indiana rose in April. The organization says 546 permits were issued in the nine-county region last month, compared with 471 during the same month last year.
Year-to-date, more than 1,800 permits have been issued, compared to more than 1,600 during the same period in 2015.
"Local area home builders are optimistic with the rise in permit numbers and expect to see steady growth over the coming months here in Central Indiana," says Steve Lains, CEO of the Builders Association of Greater Indianapolis. "We are still seeing struggles in the marketplace in terms of affordability and land shortages but I expect the pent-up demand will outweigh those struggles and ultimately lead to some positive numbers this summer."
The BAGI says the permits issued last month created an economic impact of nearly $330 million.