Indianapolis-based Platinum Properties Management Co.’s plans call for the Westbrook townhouse community to be built on 19 acres on the northeast side of the intersection of Moontown Road and Castamere Drive.
Liberty Village is the most recent housing development planned in Lebanon, which has approved about 800 new homes this year.
August’s jump in filings was aided by big increases in Marion, Hamilton, Hendricks and Boone counties.
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.
The Indianapolis area might be showing signs of emerging from a single-family construction slump that began early last year.
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.
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.
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.
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.
The local homebuilding industry continued to see a slump in demand for new houses in central Indiana in February.
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.
The industry had a tough time in 2022 following its busiest year since 2005 amid escalating mortgage rates and rising inflation.
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.
A lung transplant recipient in November 2020, Estridge contracted a lung infection in recent days that his family said he could not overcome.
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.
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.
The proposed Cyntheanne Woods subdivision would be developed on about 41 acres at the southeast corner of East 136th Street and Cyntheanne Road.
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.
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.
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.
