INDIANAPOLIS – “Permit numbers for new single-family homes continue to hold strong this summer, even with the continuous struggle to obtain building materials. We are seeing a decline in lumber prices, but other building supply prices are still increasing and deliveries are continuing to be delayed. Our concern continues to be the ability to bring the product to the market in a timely, affordable manner,” said Indiana Builders Association CEO Rick Wajda.
BACKGROUND: The U.S. Census Bureau recently released statewide totals for building permits issued in June and shows 2,151 single-family permits were pulled, the highest June total for permits since 2006. The 2,151 permits pulled in June of 2021 are up 18% from the 1,826 permits pulled in June of 2020. This number is up 2% from May of 2021 when 2102 permits were pulled. The single-family permit numbers (11,626) for 2021 are up 44% compared to the first six months of 2020.
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 22 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.