The Indiana Builders Association says single-family building permits decreased to 1,150 last month, compared to 1,201 in August 2014. Through the first eight months of 2015, permits were down one percent, compared to the previous year.
The IBA says permits were up two percent from July to August. Chief Executive Officer Rick Wajda says "increased economic improvement and consumer confidence are both factors that have played into the steady advancement of new home sales. We have seen many homeowners take advantage of historically low mortgage rates when purchasing their new homes. While builder confidence is at a 10-year high, concerns about hiring qualified construction workers and regulatory burdens still linger."