June permit numbers up 12% from June of 2023; Up 16% from May of 2024; Up 23% for first six months of 2024

INDIANAPOLIS (July 24, 2024) - The U.S. Census Bureau's latest data indicates a significant rebound in building permits issued in Indiana, following a dip the previous month. In June 2024, 1,921 single-family permits were issued, marking a 16% increase from May 2024's total of 1,661 permits. This June figure also represents a 12% rise compared to the 1,720 permits issued in June 2023.

Overall, the industry has seen a strong 23% growth in permit numbers during the first half of 2024 compared to the same period last year. So far in 2024, 10,038 single-family permits have been issued, up from 8,179 during the first six months of 2023.

Kenny Reinbrecht, President of the Indiana Builders Association commented on the data, saying: “The rise in building permits during the first half of the year is an encouraging sign for Indiana's housing market. It reflects a strong demand for new single-family homes amidst the current shortage of supply on the market.”

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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.