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.
Area home builders saw a 9 percent increase in buyers in October, according to the latest permit numbers from the Builders Association of Greater Indianapolis.
Area home builders saw an 8-percent increase in buyers in September, according to the latest permit numbers from the Builders Association of Greater Indianapolis.
A pair of childhood friends are trying to give homeowners another option for downtown living.
Builders filed 456 single-family construction permits in the nine-county metropolitan area in August. That's a 2-percent increase from August 2014 and a 4-percent rise from the previous month.
Wet weather and a shortage of lots contributed to a 17-percent decrease in permit filings in the nine-county metropolitan area in July.
U.S. builders broke ground on apartment complexes last month at the fastest pace in nearly 28 years, as developers anticipate that recent jobs gains will launch a wave of renters.
Builders filed 530 single-family permits in the nine-county metropolitan area in June, the Builders Association of Greater Indianapolis said Thursday. That's a 9-percent increase from June 2014.
Chase Development LLC plans to build 12 condos ranging from nearly $400,000 to $1.2 million as part of its 500 Park Residences project at the northwest corner of East Michigan Street and Park Avenue.
The country club on the northwest side foresees 46 houses on 25 acres and using money from the sale of the land to make crucial improvements to the private retreat.
Builders filed 497 single-family permits in the nine-county metropolitan area in May, a 6-percent decrease from May 2014. Permits have fallen on a year-over-year basis for two straight months and in three of the last four.
Builders filed 492 single-family permits in the nine-county metropolitan area in April, the Builders Association of Greater Indianapolis said Friday. That's a 10-percent decrease from April 2014.
Michigan-based Lombardo Homes, which entered the Indianapolis-area market two years ago, is selling nearly 200 local home sites and wrapping up central Indiana operations.
