Central Indiana Building Permits See 2014 Increase
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As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe NowThe Builders Association of Greater Indianapolis says 2014 single-family building permits in its nine-county area increased three percent over the previous year. Chief Executive Officer Steve Lains says the organization is expecting 10 percent growth in 2015.
January 13, 2015
News Release
Indianapolis, Ind. — December year-end building permit reports indicate that in the Greater Indianapolis Nine-County area, Single-Family Building Permits increased 3 percent compared to year-end 2013 numbers. In 2014, there were 5,084 new home permits issued compared to 4,959 in 2013, creating over 15,000 local jobs in our local economy this year.
“It's an extremely positive sign that we ended the year with permit numbers up from last year,” says Steve Lains, CEO of the Builders Association of Greater Indianapolis. “It's a definite indicator that the local economy is improving and we are expecting an even stronger 2015, anticipating a 10 percent growth over 2014.” says Lains.
In the Greater Indianapolis Nine-County region, the permits issued through December 2014 have created a total economic impact of $910,462,055 in local income, $206,689,959 in local taxes, and 15,415 local jobs.
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 2000-2014.
Source: Builders Association of Greater Indianapolis