Most of the homes not-for-profit NEAR develops in the area are priced below market and sold to lower-income buyers. But it has constructed a handful of houses aimed at market-rate buyers, demonstrating the faith it and other builders have in the neighborhood.
Filings to build new homes in central Indiana hit their highest monthly level in nearly 10 years last month, according to the latest numbers from the Builders Association of Greater Indianapolis.
Filings for new homes in central Indiana rose 3 percent in April—marking the 20th monthly increase in demand over the last 24 months.
Plans for the 856-home project, initially pegged at 780 acres, were introduced in August. Even after developer Pulte Homes made major revisions, the Westfield City Council on Monday scuttled the plans.
Demand for new homes in central Indiana bounced back in March after an off month in February.
After months of plan revisions and heated discussions, the Westfield Plan Commission on Monday night gave Pulte Homes a nod of support for its controversial 856-home development proposal.
The Builders Association of Greater Indianapolis estimates that no more than 10 of its 150 members are women, with many of them building few homes.
After more than a year of experiencing rising demand for new homes, Indianapolis-area builders had an off month in February.
Area home builders saw demand for new homes jump for the 14th straight month in January, the Builders Association of Greater Indianapolis said.
Jennifer Green, an agency veteran who previously led the city’s efforts to develop Fall Creek Place, is the new president of Insight Development Corp.
The 2016 permit number marks the fifth straight year of rising sales, but still pales when compared with the single-year high for permits in this century.
The Boone County town has a population about a quarter the size of neighbor Zionsville, but new single-family housing permits filed for Whitestown have outpaced Zionsville’s since 2014.
Downtown Indy has launched IN_fill, Designed to the Core, calling on Indiana architects to design a single-family home that can be built on an urban lot for $225,000.
Permit filings through November have already exceeded the number filed in all of 2015 and surpass the total of any single year since 2007.
Drexler Woods would include 490 single-family homes spread across 185 acres, as well as attached residential units and land for business use. Westfield officials will take a closer look at the project on Monday.
Local homebuilder Paul Estridge Jr. has agreed to purchase the sprawling Simon estate on Ditch Road known as Asherwood and is proposing a development of 100 custom homes and an inn on the 107-acre property.
Area home builders saw surging demand for new homes for the 11th month in a row in October, the Builders Association of Greater Indianapolis reported Wednesday.
With assistance from Near East Area Renewal, the neighborhood has seen 90 new or refurbished homes come on the market since 2010. And that number is expected to grow to 100 next year.
Thomas Carter of Fishers has been charged with bank fraud after allegedly siphoning funds from his employer for more than three years.
Home builders filed 462 single-family construction permits in the nine-county area last month month, a 15 percent increase over the 403 they filed in September 2015, the Builders Association of Greater Indianapolis said.
