Indiana awards communities $51M in housing infrastructure boost
About a dozen Hoosier communities will split $51 million in state funding for public infrastructure set to support construction of 2,400 homes.
About a dozen Hoosier communities will split $51 million in state funding for public infrastructure set to support construction of 2,400 homes.
The findings, from an annual report jointly published by the National Low Income Housing Coalition and Prosperity Indiana concluded that Indiana dropped from 43rd to 34th in terms of affordability between 2021 and 2024.
However, the central Indiana homebuilding market has lost much of the velocity that characterized the first couple of months of 2024.
Closed existing-home sales in the 16-county area have fallen in 27 of the last 28 months.
The Westfield City Council heard plans for the proposed 36-acre Courtyards of Cielo Ranch and also approved plans for a 13-acre, age-restricted community called Vita of Westfield.
For the first four months of 2024, permit filings were up 44% compared with the same period of 2023.
Spending on renovations and repairs fell for the first time in more than a decade in the first quarter.
Taylor Morrison, one of the nation’s largest home builders, also acquired about 1,500 lots around the Indianapolis metropolitan area as part of the deal.
Last month, city officials and the two developers reached a tentative deal for addressing key elements of the overhaul of downtown’s City Market block, including reskinning the Gold Building and renovating the adjacent Ohio Street parking garage.
Amid elevated prices, high mortgage rates and difficulty saving money for a down payment, only about four in 10 renters think that they will be able to buy a home.
Redfin is the latest big brokerage to agree to settlement terms. All told, the industry has now agreed to pay more than $950 million to make the lawsuits go away.
Fishers-based North Acre Properties LLP plans to build 75 town houses, 45 condos and 20,000 square feet in the Hamilton Proper Planned Unit Development.
In the 300th episode of the IBJ Podcast, Pete Dunn also discusses the role that your housing decisions—good and bad—play in retirement readiness.
The Indianapolis-area homebuilding industry continued to see rising interest in new houses in March, with applications for new-home construction increasing 18.5% on a year-over-year basis.
Indianapolis-based TWG says it has all four of the parcels comprising the site under contract, pending city approval to rezone them from the current I-2 industrial classification to a more apartment-friendly designation.
The exceptions to the trend were Boone and Hendricks counties, where closed sales increased 24.1% and 9.8% over March 2023.
Stehr has jumped into the job with a big-picture vision for addressing how to develop the land just south of Zionsville’s gingerbread-like downtown.
Combined with a nearly 44% increase in the national median sale price of previously occupied homes between 2019 and 2023, elevated mortgage rates have made buying a home less affordable for many Americans.
Members of the Noblesville City Council heard introductions for the four projects totaling $266 million in investment at the council’s meeting on Tuesday night.
The cooperative endeavor agreement signed by Indianapolis Mayor Joe Hogsett and U.S. Department of Housing and Urban Development Principal Deputy Assistant Secretary Richard Monocchio sets off a multi-year process of evaluation and reorganization of the agency.