The Builders Association of Greater Indianapolis says single-family building permits in central Indiana totaled 778 in June, a 20% increase from the same month last year. The organization says year-to-date, permits in the nine-county region continue to trend upwards and remain up 12% over last year.
“We are now starting to see the permit growth we’ve anticipated, as buyer interest has been strong despite the restrictions created by the pandemic,” says Steve Lains, chief executive officer of the Builders Association of Greater Indianapolis. “On-site visits that include numerous safety protocols, along with online traffic, have converted to actual sales with homebuyers wanting to take advantage of the historically low interest rates.”
Two of the nine counties saw decreases in permits in June. Marion County saw the biggest decrease in permits at 17%. Morgan and Hendricks counties saw the biggest increase in permits at 200% and 112%, respectively.