Home construction companies in central Indiana are remaining busy. The Builders Association of Greater Indianapolis says building permits for single-family houses in February are 32% higher than the same period last year.
BAGI says 818 permits were issued last month, compared to 622 in February 2020. The organization says Hamilton County accounts for 613 of the permits issued last month.
“Home demand continues to surpass production capacity,” says Steve Lains, BAGI CEO. “It is certainly encouraging to see this enthusiasm evolve over the past year, and yet labor and supply cost increases, coupled with limited lot and home inventory, continue to pose challenges for builders to meet this demand.” Lains concludes, “In the coming months, it will remain important for builders and homebuyers to communicate and reset expectations as our builders work diligently to meet this market demand as efficiently as possible.”
BAGI says home building created 4,800 jobs in the Indianapolis metro area so far this year.