INDIANAPOLIS — You might think interest in building a new home would be down during a pandemic. It's not.
The Builders Association of Greater Indianapolis (BAGI) announced Thursday that in the Greater Indianapolis nine-county area, single-family building permits were up 20% with 778 permits compared to 649 in June 2019. 2020 permits for the year continue to remain up 12% over last year at this time.
“We are now starting to see the permit growth we’ve anticipated, as buyer interest has been strong despite the restrictions created by the pandemic,” says Steve Lains, CEO of the Builders Association of Greater Indianapolis. “On-site visits that include numerous safety protocols, along with online traffic, have converted to actual sales with homebuyers wanting to take advantage of the historically low interest rates.”
So, where are the most new homes going up? Hamilton County leads the way with 1,102 permits issued. Next is Marion County at 713. After that, it's Hendricks, Johnson, Hancock, Boone, Madison, Morgan and Shelby.