The United States Census Bureau has released data on Indiana home building in the first month of 2018, indicating a small decrease for single-family construction starts for January. Single-family permits are down 10% from December 2017 when 948 permits were pulled. There were 858 permits pulled in January of 2018, a 1% decrease from January of 2017 when 868 permits were pulled. Builder confidence in the market for newly built single-family homes remains steady in January at 72, on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI). Any number over 50 indicates that more builders view sales conditions as good than poor. More information can be found at www.buildindiana.org.
March 4th, 2018|Local News|