Central Indiana Home Building Permits Down 18 Percent from January 2021
INDIANAPOLIS (February 23, 2022) – The Builders Association of Greater Indianapolis (BAGI) has shared the first permit numbers for 2022, showing that Central Indiana’s nine-county area, saw an 18% decrease in single-family building permits, with 636 permits in January 2022 compared to 772 permits last year.
Central Indiana saw an 18% decrease in single-family building permits
“We are starting to see the effects of last year’s record growth,” Steve Lains, CEO of the Builders Association of Greater Indianapolis said. “Limited inventory of available lots and land in our area play a significant factor in the permit numbers we are seeing, but demand for new home builds remains strong and ever-increasing at this time.”
While some counties saw an uptick from last year’s permit numbers, and others saw a slower permit start, local homebuilders across the area remain busier than ever as they work to complete projects from 2021’s construction surge, all while navigating ongoing supply chain issues, increasing material costs and labor shortages.
Permit Breakdown by County:
|County||2021 Permits (January)||2022 Permits (January)|
The Builders Association of Greater Indianapolis is a professional trade association representing residential homebuilders, associates and remodelers. For more information, call 317-236-6330; or visit www.BAGI.com/permits/ for permits numbers from 2000-2021.
HOMES BUILD OUR LOCAL ECONOMY – in 2020, new home construction created $1.55 billion in local income, over $352 million in local taxes, and 26,284 jobs.