(INDIANAPOLIS) – The Indiana Builders Association continues to see demand for new homes.
“We are continuing to see demand for new housing across the Hoosier state. Given the temperate winter compared to 2019, we are optimistic for a strong year in 2020. However, we are still mindful of the challenges that home builders face with supplies and burdensome regulatory measures that continually threaten housing affordability at all price points, said Indiana Builders Association CEO Rick Wajda.
The U.S. Census Bureau recently released statewide totals for building permits issued in January, showing 1,116 single-family permits were pulled Permits for January. That is a 31% increase from January 2019. This number is down 12% from December of 2019, when 1266 permits were pulled. The 1116 permits pulled in January of 2020 are up 31% from the 854 permits pulled in January of 2019.
About the Indiana Builders Association
The Indiana Builders Association (IBA) is a statewide trade organization representing Indiana’s home building, remodeling and light commercial construction industry. Established in 1952, IBA has 23 local affiliates and nearly 3,000 member companies across Indiana. IBA, along with its affiliates, are associated with the National Association of Home Builders in Washington, D.C. The organization works to educate its members, the general public, elected officials and regulatory bodies to maintain and develop workable and affordable regulations and laws that enable the citizens of Indiana to own a home. More information can be found at www.buildindiana.org.