Statewide Building Permits Fall

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The Indiana Builders Association says single-family building permits fell 4 percent in April. The organization says 1,308 permits were issued throughout the state, down from 1,359 during the same month the previous year.

The IBA says permits decreased 8 percent in January over the previous month, according to the latest data from the U.S. Census Bureau and the Department of Housing and Urban Development. However, the organization says the overall number of permits is up 10 percent for the first four months of the year.

"Despite a statistical decrease, we are optimistic that the housing industry remains strong, having more permits thus far than we did in 2016," said Rick Wajda, chief executive officer of the IBA. "Indiana should expect to see an active increase in home building as we enter the warmer months."

The IBA says the National Association of Home Builders/Wells Fargo Housing Market Index increased two points to 70 in May. Any number over 50 means more builders view sales conditions as good rather than poor.