Recent United States census data shows Indiana has seen a six percent increase in new residential construction starts for the first nine months of 2018.
The 1,277 permits pulled in September of 2018 remain flat from the data pulled in September of 2017, says Kokomo Perspective.
“The housing outlook for 2018 remains favorable as the Hoosier economy grows stronger with positive demographic tailwinds” said Indiana Builders Association Chief Executive Officer Rick Wajda. “Going into a pivotal election next week, the main concern we will focus on are policies that address housing affordability which is currently being affected by various supply-side challenges.”
Permit numbers decreased substantially between the months of August 2018 and September 2018; however, this August-September drop is a repeating trend according to the historic data released by the United States Census Bureau over the past 10 years.