March permit numbers up 14% from March of 2023; Up 14% from February of 2024; Up 36% for first three months of 2024

INDIANAPOLIS (April 24, 2024) - The U.S. Census Bureau’s most recent report on building permits issued in March 2024 showed a continued upturn in the housing sector for the first quarter of the year. According to the data, 1,656 single-family permits were pulled in March 2024 – a 14% increase compared to the 1,458 permits pulled in February 2024. 

Moreover, the 1,656 permits pulled in March 2024 are up 14% from the 1,454 permits pulled in March of 2023. The single-family permit numbers (4,383) for 2024 are up 36% compared to the first quarter of 2023. 

Rick Wajda, CEO of the Indiana Builders Association commented on the data, saying, “The continued surge in single-family permits throughout first quarter of 2024 reflects continued strong demand alongside a shortage of single-family home supply on the market. This growth underscores the pressing need to increase 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.