Indiana new home construction sees boost in 2024

INDIANAPOLIS (January 31, 2025) – Indiana’s home builders experienced a strong year in 2024, with single-family building permits up 20% compared to 2023, making it one of the busiest years in the past decade.

Statewide, 20,189 single-family permits were issued throughout the year, according to the latest data from the U.S. Census Bureau. This marks the first annual increase since 2021, a year that saw a surge in home building as buyers re-entered the market following pandemic-related disruptions.

“The 20% increase in permits demonstrates the strength of Indiana’s housing market,” said Rick Wajda, IBA Chief Executive Officer. “With buyers still seeking new construction options, the industry remains optimistic heading into 2025.”

#####

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.

Note to editor: Below is a graphic of year-end single-family building permits in Indiana from the last 10 years.