Applications for new homes rise for 10th straight month in central Indiana
For the first four months of 2024, permit filings were up 44% compared with the same period of 2023.
Residential Real Estate
Articles
Stout’s Shoes, Japanese steakhouse among businesses planning openings at Carmel development
In addition to a shoe store, steakhouse, med spa and brewery taproom, The Signature will have eight owner-occupied condominiums, 295 luxury apartments and a 374-space public parking garage.
Central Indiana snaps 26-month streak of falling home sales
After more than two years of declining existing-home sales, central Indiana finally saw a positive month in April.
Spending on home renovations slows, but remodeling costs aren’t easing
Spending on renovations and repairs fell for the first time in more than a decade in the first quarter.
Carmel-based Pyatt Builders acquired by national homebuilder
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.
Timeline firming up for converting Gold Building to apartments as construction costs climb
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.
U.S. renters see chance of owning a home at record low, survey shows
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 agrees to pay $9.25M to settle real estate commission suits
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.
Proposed Fishers development features million-dollar condos, town houses, commercial space
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.
IBJ Podcast: Pete the Planner on what your career earnings should tell you about retirement savings
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.
Applications for new homes rise for ninth straight month in central Indiana
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.
Six-story apartment building planned on site across from Lucas Oil Stadium
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.
Sales of existing homes in central Indiana slip for 26th straight month
The exceptions to the trend were Boone and Hendricks counties, where closed sales increased 24.1% and 9.8% over March 2023.
IBJ Podcast: John Stehr, news anchor turned mayor, on tackling one of Zionsville’s hottest issues
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.
Homebuyers face quandary: To wait or not to wait for lower mortgage rates
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.
Developers looking to build nearly 950 new homes in Noblesville
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.
City, HUD take over management of troubled Indianapolis Housing Agency
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.
Developer receives OK for two subdivisions in Westfield with nearly 600 houses
Platinum Properties Management Co. plans to build Ravinia on 80 acres near West 166th Street and Eagletown Road and Winterburg on 205 acres about two miles west of Grand Park Sports Campus.
Local developer plans 46-unit apartment project near Goose the Market
A local developer plans to spend more than $12 million to build a trio of walk-up style apartment buildings along Delaware Street, just south of Fall Creek.
City-County Council delays housing project vote after complaints against developer
Councilors plan to take a closer look at a proposal after criticism was made against the developer. The Indianapolis-based company has been accused of mismanaging three west-side apartment properties—allegations that it denies.