INDIANAPOLIS (December 16, 2022) – The Builders Association of Greater Indianapolis (BAGI) continues to see a regression in homebuilding permit activity as the year comes to an end, with 7607 permits issued from January to November, compared to 9598 permits issued in the same time period last year.

Central Indiana single family building permits down 21 percent year-over-year.

Despite the decrease in permit activity, builders continue to stay busy and remain optimistic heading into the New Year.

“As an association, we’ve been expecting construction home sales to slow by 25 percent through the end of 2022, especially with the recent interest rate increases,” Steve Lains, BAGI CEO, said. “This has given our builders and vendors the chance to get caught up on delayed materials and complete existing new home projects.”

Over the past two years, industry professionals have grown accustomed to unusual trends. Despite decreased permit activity and continued battles with supply chain slowdowns, labor shortages, price inflation and a lack of land availability, local homebuilders and suppliers remain busy as they complete projects throughout the Central Indiana area.

“Builders are still committed to providing Hoosier homeowners with the homes they want and deserve, and the future is looking positive. The market is starting to become more balanced, we expect it to continue to correct itself in 2023,” Lains said.

Permit Breakdown by County: 

County   2021 Permits (Jan - Nov) 2022 Permits (Jan – Nov)
Boone County   727  633 
Hamilton County    3076  2262 
Hancock County   1059  905 
Hendricks County   1295  920 
Johnson County   965  762 
Madison County   587  518 
Marion County   1216  1205 
Morgan County   357  279 
Shelby County   174  123 

To reference the latest State of the Industry letter, visit BAGI’s website. For more information about permit numbers, or to discuss local homebuilding trends with Lains or other BAGI officials, contact Kylee Kendall at 317-527-6774 or