2011 Allen County Building Permit Activity shows market stabilization

1-13-2012 3-25-07 PM


After a falling over 66% from 2003 to 2008, building permits show signs of stabilization again in 2011. Permits have remained fairly steady for the last 3 years, coming in at 679 in 2009, 662 in 2010 and 680 in 2011. Inventory of homes for sale has fallen steadily since 2007 and available new construction homes for sale has fallen even more rapidly due to the low permit numbers just reported. This will position builders well as the market improves. Most experts expect new home sales to be on the rise in 2012.


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North Eastern Group Realty is Fort Wayne’s largest independent real estate company located at 10808 La Cabreah Lane, Fort Wayne, IN 46845.