Articles

Metro home-building activity sinks again in 2011

New-home construction in the Indianapolis area slid in 2011, marking six straight year-over-year declines in residential building. The 3-percent decrease in building permits, however, was the smallest decrease since 2006.

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Area home-sale deals make November jump

The 7.2-percent increase last month in Indianapolis home-sale agreements marks the seventh straight month of year-over-year increases, according to a report from F.C. Tucker Co.

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Home-sale deals tick up in Indianapolis area

Home-sale agreements in the nine-county Indianapolis area rose 3.6 percent in July from the same month a year earlier, marking the third straight month of year-over-year increases after 14 months of declining sales.

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Central Indiana home sales rise for first time in a year

Sales in the Indianapolis area rose 32 percent last month compared with the same time a year ago, reversing a year-long slump in the residential market. But May 2010 home sales were down dramatically after the expiration of a special federal tax credit.

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Local developer seeks bankruptcy protection

Platinum Properties LLC, an Indianapolis upscale residential real estate developer, sought Chapter 11 protection on Monday, listing several huge debts to prominent local businesses and business people.

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Estridge becomes division of national home builder

The Estridge Group, which had operated in the Indianapolis area since 1967, has become part of Houston-based David Weekley Homes. Estridge had struggled in recent months to stay afloat during the severe housing downturn.

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Local home construction plummets again

Home-building permits filed in the Indianapolis area fell by more than 40 percent in February compared with the same month last year. Nationally, builders broke ground last month on the fewest homes in nearly two years.

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