April permit numbers up 32% from April of 2023; Up 25% from March of 2024; Up 35% for first four months of 2024

INDIANAPOLIS (June 7, 2024) - The U.S. Census Bureau’s most recent report on building permits issued in April 2024 showed a continued strong upturn in the housing sector for the first four months of the year. According to the data, 2,073 single-family permits were pulled in April 2024 – a 25% increase compared to the 1,656 permits pulled in March 2024. Furthermore, the April 2024 figure represents a 32% rise from the 1,567 permits issued in April 2023.

Overall, 6,456 single-family permits have been issued in 2024 so far, reflecting a 35% increase compared to the same period in 2023.

Kenny Reinbrecht, President of the Indiana Builders Association commented on the data, saying: “The ongoing increase in single-family permits in 2024 demonstrates the strong demand amidst a shortage of single-family homes on the market. This data emphasizes the urgent need to boost inventory to meet the rising demand.”

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ABOUT IBA: 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 20 local affiliates across Indiana and is associated with the National Association of Home Builders in Washington, D.C. IBA educates and advocates for the construction industry to positively impact legislative, regulatory, and legal issues that affect housing affordability. More information can be found at www.buildindiana.org.