Central Indiana building permit applications for new home construction have declined for five months — falling nine percent in April, the Builders Association of Greater Indianapolis (BAGI) reports.
There were 610 residential building permits filed in the nine-county area around Indianapolis filed last month, compared with 674 in April 2018, the Indianapolis Business Journal says, quoting BAGI data.
The permit decline began in December, 2018, ending a 14-month streak of year-over-year increases. They are down 12 percent, to 2,082, during the first four months of the year, from 2,372 in the same time frame of 2018.
Specific numbers by county include:
- Hamilton County: 215 in 2019 compared to 215 in 2018 (20% decline)
- Marion County: 97 in 2019 compared to 135 in 2018 (28% decline)
- Hendricks County: 83 in 2019 (8% decline)
- Johnson County: 61 in 2019 (3% decline)
- Hancock County: 73 in 2019 (66% increase)
- Boone County: 34 in 2019 (23% decline)
- Morgan County: 21 in 2019 (increase from 2018)
- Madison County: 15 in 2019 (increase from six in 2018)
- Shelby County: 11 in 2019 (decline from 14 in 2018)
