Single-family building permits are up from the previous month, but down compared to the same period last year in the Hoosier State.
That’s according to the most recent data from the U.S. Census Bureau and the Department of Housing and Urban Development. In August of this year 1,150 single-family building permits were issued. That’s a two-percent increase over July’s figures.
In August of 2014, just over 1,200 single-family building permits were issued.
The Indiana Builders Association says that economic improvement and consumer confidence are been contributing factors in the sale of new homes. The group is a statewide trade organization that represents the home building and remodeling construction industry.
Markets are corroborating their version of events as the Home Builders/Wells Fargo Housing Market Index has hit a 10-year high.
In the last 10 years, August of 2006 saw the largest number of single-family building permits issued with more than 2,200.