Indiana Sees Decrease in Single Family Home Construction
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.
Leave a Reply
You must be logged in to post a comment.