Central Indiana Building Permits Continue to Rise

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The Builders Association of Greater Indianapolis says the number of new, single-family building permits in December was 19 percent higher than the same period the previous year. Chief Executive Officer Steve Lains expects permit numbers to “hold strong” this year.

Indianapolis, Ind. — December building permit reports indicate that in the Greater Indianapolis Nine-County area, Single-Family Building Permits increased 21% percent compared to November numbers and increased 19% over 2012 numbers. There were 4,959 new home permits issued in 2013 compared to 4,182 in 2012.

“This is a true indicator of a strong economy in Central Indiana,” says Steve Lains, CEO of the Builders Association of Greater Indianapolis. “We have continued to see permit numbers steadily increase and forecasters are predicting numbers to hold strong in 2014; proving that a growing housing market is critical to a stable economy,” says Lains.

In the Greater Indianapolis Nine-County region, the permits issued through December 2013 have created a total economic impact of $888,076,580 in local income, $201,608,085 in local taxes, and 15,036 local jobs, year-to-date.

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 www.BAGI.com for permits from 2000-2013.

Source: Builders Association of Greater Indianapolis