INDIANAPOLIS (Inside INdiana Business) – The Builders Association of Greater Indianapolis says single-family building permits increased 5% in April. The organization says 647 permits were issued in the nine-county region last month, up from 614 during the same month last year.
Two of the nine counties saw decreases in permits in April, with Hamilton and Marion counties leading the way at 732 and 467, respectively.
BAGI Chief Executive Officer Steve Lains says the organization was unsure how the COVID-19 pandemic would affect April’s permit numbers
“Our builder members continue to report strong interest from potential buyers, suggesting that the demand has not let up, regardless of the COVID-19 circumstances that have required many to virtually adapt their services.” said Lains. “Moving forward, industry professionals will need to be conscious of the evolving needs of consumers, especially as many people have become even more aware of their home needs after staying in place over the previous weeks.”
Lains says the BAGI will continue to monitor the impact of the pandemic after evaluating May’s permit numbers.
Cumulatively in 2020, permits increased 18% over last year.