Area home-construction filings rise for 9th straight month
Single-family construction permit filings have risen locally on a year-over-year basis in 12 of the last 13 months.
Single-family construction permit filings have risen locally on a year-over-year basis in 12 of the last 13 months.
A growing number of pricey new homes are cropping up in the historic Herron-Morton neighborhood, bolstered by the strength of the downtown housing market and the rejuvenation of East 16th Street.
Demand for new homes continued to rise locally last month, according to figures reported Wednesday by the Builders Association of Greater Indianapolis.
Area filings have risen on a year-over-year basis for the past seven months.
Club directors chose to sell 12.5 acres to the Central Indiana Land Trust after considering an offer from a local developer who wanted to build homes on the property.
An Indianapolis-based home builder and two trade associations have filed a lawsuit against Greenwood, claiming the city has adopted architectural standards on new houses that will drive up prices so significantly that the costs would preclude home ownership for thousands of residents.
The last time area home builders filed more permits for May was in 2007, when they turned in 779.
The developer of the Harmony community is seeking zoning changes that would allow a gas station and fast food restaurants within the community; many residents are opposed.
Police say Gary Ogle, 69, and Robert Fersch, 68, defrauded customers and subcontractors in Hendricks, Marion, Boone and Hamilton counties of $1.2 million.
Builder David Weekley Homes is launching the second phase of its 74-lot Residences at Lawrence Village project more quickly than expected.
Indianapolis-area residential builders filed 546 single-family construction permits in the nine-county area last month, their best April since 2007.
A redevelopment of the prized IPS property along College and Massachusetts avenues would add more housing and retail options along the bustling corridor and push activity farther east.
Industry experts point to a host of factors for the increasing shortage but say it’s mostly driven by the state’s property tax caps coupled with rising home-building fees charged by municipalities.
Indianapolis-area home builders had their best February in almost a decade last month with a big surge in new-home buying.
In the American imagination, suburbs are places to buy a house and put down roots. But a growing percentage of suburbanites rent, according to a new study.
The 135-acre property on the northwest side is set to be sold in four pieces, attracting interest from real estate developers and golf course operators.
Builders in the nine-county area filed the same number of single-family construction permits last month as they did in January 2015.
Home builders in the nine-county metropolitan area saw a surge in buyers in December, helping 2015 turn out to be a positive year for local home construction.
December will be the key month in determining whether 2015 turns out to be an overall year of growth for area home builders.
Residents of the Hudson condominium complex are suing the owner after the latest round of problems caused $6 million in damage to the structure.