Area homebuilders see first increase in permit filings since 2021
Six of the area’s nine counties had rising single-family building permit numbers last month, with big increases seen in Hendricks, Madison and Morgan counties.
Homebuilders
Articles
Area home construction permit filings down only slightly in June
The Indianapolis area might be showing signs of emerging from a single-family construction slump that began early last year.
Home construction rise in Hamilton County bucks area trend
Single-family building permit filings in central Indiana have fallen on a year-over-year basis for the past 17 months and in 20 of the past 22 months.
Home construction rise in Marion County bucks area trend
The Indianapolis area continued to see a slump in residential construction last month despite a big jump in single-family building permits in Marion County.
Area residential builders see 15th straight month of falling permits
Demand for new houses in central Indiana continued to lag last year’s pace in March, but longtime housing hotbed Hamilton County broke out of its recent slump.
Developer planning townhouses, duplexes along 146th Street in Carmel
Farmington Hills, Michigan-based Schafer Development LLC is seeking city approval to rezone the land. Pulte Homes of Indiana LLC would be the builder for the 14-acre development.
Area residential builders see 14th straight month of falling permits
The local homebuilding industry continued to see a slump in demand for new houses in central Indiana in February.
Area residential builders get off to slow start in 2023
Filings for single-family building permits in central Indiana have fallen on a year-over-year basis for the past 13 months and in 16 of the past 18 months.
Area homebuilders hope for better year after 2022 slump
The industry had a tough time in 2022 following its busiest year since 2005 amid escalating mortgage rates and rising inflation.
Lawmakers advance measure to create fund for housing infrastructure
The bill’s author—a homebuilder—says the fund would be a tool for Indiana communities to provide infrastructure for their housing needs, especially workforce housing.
Prolific homebuilder Paul Estridge Jr. dies at 65
A lung transplant recipient in November 2020, Estridge contracted a lung infection in recent days that his family said he could not overcome.
Area homebuilders see 11th straight month of falling permits
Interest in new homes in central Indiana continued to slow dramatically last month, according to the latest statistics from the Builders Association of Greater Indianapolis.
Homebuilding in central Indiana continues to crater as interest rates rise
Builders in the nine-county Indianapolis area filed only 457 single-family building permits in October, down a whopping 46% from 845 in the same month of 2021.
Developer plans 61 homes near 136th and Cyntheanne in Fishers
The proposed Cyntheanne Woods subdivision would be developed on about 41 acres at the southeast corner of East 136th Street and Cyntheanne Road.
Developer plans 94 homes on East 196th Street near Morse Reservoir
The Retreat at Morse development is expected to include attached single-family villas that would be built by Beazer Homes and cost an average of $400,000.
Slowdown escalating for Indianapolis homebuilders
Single-family building permits have fallen on a year-over-year basis for the past nine months and in 12 of the past 14 months.
Increasingly, perfect starter homes are only available for rent
The construction of tens of thousands of rental homes could help rebalance the broader housing market. But critics say build-to-rent arrangements are exacerbating long-simmering inequalities by making homeownership even more elusive.
Area homebuilders see 8th straight month of falling construction permits
Rising mortgage rates, supply-chain issues, increasing costs and limited lot availability are hampering the market, according to industry experts.
This year’s area homebuilding slump predicted to get worse
In a state-of-the-industry report released this week, the Builders Association of Greater Indianapolis predicted that new-construction home sales in the nine-county area would slow significantly through 2023.
Area homebuilders see 6th straight month of falling construction permits
Applications for newly built houses are continuing to trail last year’s pace in central Indiana, but homebuilders remain busy, according to the Builders Association of Greater Indianapolis.