Statewide totals for building permits issued in July show 1521 single-family permits were pulled, according to reports by the U.S. Census Bureau. This number is up 2% from June of 2019, when 1490 permits were pulled.
The 1521 permits pulled in July of 2019 are up 2% from the 1497 permits pulled in July of 2018. The 9,251 single family permit numbers for 2019 are down 5% compared to the first seven months of 2018.
“Home sales are moving toward a slightly positive trend upward,” said Indiana Builders Association President Don Thieneman. “Hoosier builders are remaining confident in new Indiana residential construction with this mid-summer turn around.”
According to the National Association of Home Builders, new home sales were sharply revised upward in June to a post-recession high annual rate of 728,000 nationally. The inventory of new homes for sale was 337,000 in July, representing a 6.4 months’ supply. The median sales price was $312,800. The median price of a new home sale a year earlier was $327,500.
The U.S. Census Bureau releases permit data monthly for the previous month’s data. August’s permit data will be released at the end of September.
