Local Home Builders Ended 2021 Strong, Permits up 20% over 2020
INDIANAPOLIS (January 24, 2022) – The Builders Association of Greater Indianapolis (BAGI) has shared the final permit numbers for 2021, showing that in Central Indiana’s nine-county area, single-family building permits were up 6 percent over December 2020, with 832 permits this December compared to 788 permits last year.
This brings 2021’s permit total to 10,430, which is a 20% increase over 2020’s 8669 permits.
“Despite lumber tariffs, supply chain issues, labor shortages and other challenges, our builders remained strong and resilient, and the industry saw record growth in 2021,” Steve Lains, CEO of the Builders Association of Greater Indianapolis said. “This momentum has continued into January and we expect to see this growth well into 2022.”
All nine Central Indiana counties, except for Marion County, saw an overall increase in permit numbers for 2021. For December, Hancock County saw a 159% increase, with 176 permits issued compared to 68 in December 2020. Madison County also saw a 114% increase, with 92 permits issued last month compared to 43 in December 2020.
Hancock County saw a 159% increase in building permits from December 2020.
Permit Breakdown by County:
|County||2020 Permits (Jan-Dec)||2021 Permits (Jan-Dec)|
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.