November building permits increase 13% year-over-year

11 Jan November building permits increase 13% year-over-year

INDIANAPOLIS (January 11, 2025) – The U.S. Census Bureau’s latest data on building permits shows a 13% increase in single-family permits issued in November 2024 compared to the same month in 2023. A total of 1,394 permits were pulled in November, up from 1,232 in November 2023.

While November’s numbers reflect year-over-year growth, they represent a 32% decline from October 2024, when 2,059 permits were issued. Despite this month-over-month decrease, the overall trend for 2024 remains strong. Through the first eleven months of the year, 18,973 single-family permits have been issued statewide—marking a 21% increase from the 15,684 permits recorded over the same period in 2023.

“This sustained year-over-year growth in permits reflects continued demand for new housing across the state,” said Rick Wajda, IBA Chief Executive Officer. “We remain committed to ensuring that homebuilders can meet the needs of Hoosier families.”