INDIANAPOLIS (January 20, 2023) – The Builders Association of Greater Indianapolis (BAGI) announced that Central Indiana’s nine-county area experienced an overall decrease in homebuilding permit activity in 2022 which will begin to stabilize in 2023.

Central Indiana issued 7,992 total permits in 2022, with 385 issued in December.

Despite overall lower permit numbers in 2022, builders were busy completing projects throughout the area and remain optimistic about the next few years.

“The slowdown we experienced in 2022 was not surprising, and we anticipate this trend to continue in consumer traffic, which will result in slowing sales of approximately 25 percent through 2023 from the peak level experienced in 2021 ,” Steve Lains, BAGI CEO, said. “However, the current state of the industry bodes well for a healthy market through 2024 and beyond.”

Lains explained that despite the unusual trends and continuous changes in the housing market, it is still a great time for Hoosiers to invest in new home construction.

“We understand that the economic climate has been challenging for builders and developers, but we remain committed to supporting the industry by providing the advocacy, education and promotional resources necessary to ensure that new construction projects can continue to move forward this year,” Lains said.

Permit Breakdown by County: 

County     2021 Permits (Jan - Dec)   2022 Permits (Jan – Dec) 
Boone County     798  719 
Hamilton County     3344  2378 
Hancock County     1235  935 
Hendricks County     1387  962 
Johnson County     1015  774 
Madison County     679  523 
Marion County     1269  1287 
Morgan County     379  289 
Shelby County     182  125 

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