13 Jul Building Industry Celebrates Homeownership at Habitat Site
Governor Eric Holcomb has officially proclaimed the month of June National Homeownership Month. Above the national average, Indiana has a homeownership rate of about 70%. On Thursday, the state’s major housing organizations, Habitat for Humanity of Indiana, the Indiana Association of REALTORS, the Indiana Mortgage Bankers Association and the Indiana Builders Association, came together to celebrate that statistic at a Greater Indianapolis Habitat for Humanity site. The groups were joined by Lieutenant Governor Suzanne Crouch.
“Homeownership is the foundation of the American Dream” said Indiana Builders Association President Pat Richard. “Owning a home means owning your future as it serves as a place to raise your family, fulfill your dreams and create strong communities.”
According to the most recent single-family permit numbers for May, new home construction continues to escalate. The United States Census Bureau has reported 1,663 single-family permits for the month of May, a 1 percent increase from April of 2018 and a 4 percent increase from May of 2017 when 1,604 permits were pulled.
“As many know, Indiana has created a reputation of having one of the lowest costs of living in the country” said Indiana Builders Association Chief Executive Officer Rick Wajda. “In recent years we have seen economic development spur as we welcome new employers and new talent to the state. Home builders are working hard to meet an increased demand for housing as more families call Indiana home.”