The Indiana Builders Association says single-family building permits in Indiana rose 15 percent in March. According to data from the U.S. Census Bureau and the Department of Housing and Urban Development, 1,255 permits were issued last month, compared to 1,069 during the same month last year.
The number of permits issued last month was also 39 percent higher than February. The March number is the highest for the month since 2007.
"It was another strong month for housing as we end the first quarter of 2016 with a 16 percent increase in single-family building permits," said Indiana Builders Association Chief Executive Officer Rick Wajda. "We hope the trend continues through the spring and into the summer months."
The National Association of Home Builders/Wells Fargo Housing Market Index stayed steady at 58 in April for the third consecutive month. Wajda says it shows the housing market continues to recover at a slow, but consistent pace.