Home Builders Ending 2021 Strong, Permits Up 22% Over 2020
INDIANAPOLIS (December 20, 2021) – The Builders Association of Greater Indianapolis (BAGI) announced that in Central Indiana’s nine-county area, single-family building permits were up 3% over November 2020, with 714 permits this November compared to 695 permits last year.
Single-family building permits up 3% from November 2020.
“After three months of slower permit activity, the uptick in numbers aligns with the stronger demand we have seen in the homebuilding community,” Steve Lains, CEO of the Builders Association of Greater Indianapolis said. “Despite lumber tariffs, material pricing, supply chain delays, labor shortages and other issues, our builders’ confidence remains strong and we expect to see this continued growth well into 2022.”
Central Indiana has seen a 22% increase year-over-year, with 9583 permits in November compared to last year’s 7881. Hancock County saw the largest jump, with a 132% increase over November 2020.
Hancock County saw a 132% increase in building permits from November 2020.
Permit Breakdown by County:
|County||2020 Permits (Jan-Nov)||2021 Permits (Jan-Nov)|
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.