Homebuilders

Home buyer tastes have shifted since housing bust

June 28, 2014
Scott Olson
Old standbys are have been replaced by new features and colors. The changes range from rooms to styles.
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Area home-construction permit filings flatten out

June 17, 2014
 IBJ Staff and Associated Press
Homebuilders filed 530 single-family building permits in the metro area in May. That’s exactly the same number of permits that were filed in May 2013. Local construction numbers were better than national figures.
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Carmel selling vacant land in Old Town neighborhood

May 14, 2014
Andrea Muirragui Davis
The Carmel Redevelopment Commission is accepting offers for an undeveloped parcel of land in the city's resurgent Old Town neighborhood, near a planned expansion of a popular subdivision.
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Homebuilders see third straight month of rising demand

May 14, 2014
On a year-over-year basis, home-construction permit filings in the nine-county area have risen in 13 of the last 16 months.
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Area home- construction permit filings back on the rise

April 15, 2014
 IBJ Staff
The central Indiana home-construction industry saw its second straight month of improving activity in March following a bitter winter that slowed business.
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Expensive homes selling quickly in Indianapolis areaRestricted Content

March 29, 2014
Pricier houses are vanishing from the market faster than less-expensive homes due to a temporary bottleneck caused by rising demand and a slow recovery by builders.
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Bloomington council backs Habitat neighborhood

March 27, 2014
Associated Press
The Bloomington City Council is giving permission to a Habitat for Humanity group to develop a neighborhood with 35 homes.
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Home construction ticks up amid harsh weather

March 18, 2014
 IBJ Staff
The central Indiana home-construction industry saw a small rise in business in February, the Builders Association of Greater Indianapolis reported Tuesday.
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Village of West Clay developer suspending operations

March 12, 2014
Andrea Muirragui Davis
Brenwick Development Co. claims a switch in lenders has halted about $7 million in land sales in the mammoth mixed-use community in Carmel. The firm has filed suit against the banks.
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Home starts flat in frigid January

February 13, 2014
Homebuilders filed roughly the same number of building permits in central Indiana last month, 300, that they did in January 2013. The severe winter weather has kept builders at bay, the Builders Association of Greater Indianapolis said.
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Homebuilders see second straight drop in permit filings

December 17, 2013
 IBJ Staff
Despite the monthly decline, year-to-date permit filings are up 18 percent over 2012. This year's number through 11 months has already exceeded 2012's full-year total.
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Commercial blitz may follow Westfield's housing boom

December 14, 2013
Andrea Muirragui Davis
Poised for a development boom in those heady days before the real estate market collapsed, Westfield appears back on track for growth. Residential activity never stopped, but builders are picking up the pace in response to increasing demand. If history holds true, a commercial construction blitz will come next.
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U.S. home permits rise at 5-year high on apartments

November 26, 2013
Associated Press
U.S. developers received approval in October to build apartments at the fastest pace in five years, a trend that could boost economic growth in the final three months of the year.
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Home builders race to meet demand

November 23, 2013
Andrea Muirragui Davis
Slow but steady growth in central Indiana’s new-home market has chipped away at the supply of available lots, leaving developers and builders scrambling to keep up with demand.
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Homebuilders end 15-month streak of permit increases

November 11, 2013
 IBJ Staff and Bloomberg News
The central Indiana home construction industry reversed course in October, with a rare year-over-year decrease in the number of single-family building permits filed. The drop follows a recent downward trend.
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Homebuilder Estridge plans return after landing $25M

October 18, 2013
 IBJ Staff
Paul Estridge Jr. says he is returning to the home-building business after securing $25 million from a private-equity firm in North Carolina. The venture's first project will be Harmony, a 270-acre community in Westfield.
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Local homebuilders see mild increase in permit filings

October 15, 2013
 IBJ Staff
Single-family-building permit filings rose 8 percent in the nine-county area in September, marking the 15th straight month of year-over-year increases, the Builders Association of Greater Indianapolis reported Tuesday.
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Home-A-Rama back after five-year layoff as market improves

October 9, 2013
Scott Olson
With the housing market on the mend, the Builders Association of Greater Indianapolis decided the time was right to reintroduce the show, which gives the public an opportunity to tour newly built custom homes.
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Paul Estridge Sr., founder of home builder, dies at 79

September 26, 2013
 IBJ Staff
The Broad Ripple High School graduate took a flyer on building custom homes in 1967 and created an empire in the city's northern suburbs.
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Indianapolis-area homebuilding filings rise 13 percent

September 18, 2013
 IBJ Staff and Associated Press
Single-family-building permit filings in the nine-county area saw their 14th straight month of year-over-year increases in August, the Builders Association of Greater Indianapolis announced Wednesday.
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New homebuilders take root in Indy after downturn

August 31, 2013
Scott Olson
Out-of-state builders scooped up lots during the housing downturn, and now are watching their gambles pay off as they become major local players.
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Indianapolis-area homebuilding filings jump 35 percent

August 12, 2013
 IBJ Staff
Year-to-date, local single-family-building permit filings have risen 27 percent from the same period a year ago.
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Homebuilding permits rise for 12th straight month

July 16, 2013
Through June this year, 2,603 permits have been issued in the Indianapolis area, an increase of 26 percent compared to the first six months of 2012.
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Veteran custom homebuilder taking prefabs downtownRestricted Content

June 15, 2013
Scott Olson
Ursula David is out to dispel the perception that modular homes are little more than glorified double-wides. David, who started Ursula David Homes 20 years ago, is concentrating on a new project, Indy Mod Homes, and is targeting an unlikely place for the prefabs—the urban core.
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Homebuilders extend streak with 23-percent surge in permits

June 11, 2013
 IBJ Staff
Single-family building permits rose 23 percent in the nine-county Indianapolis area in May, the 11th straight month of year-over-year increases.
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  1. With Pence running the ship good luck with a new government building on the site. He does everything on the cheap except unnecessary roads line a new beltway( like we need that). Things like state of the art office buildings and light rail will never be seen as an asset to these types. They don't get that these are the things that help a city prosper.

  2. Does the $100,000,000,000 include salaries for members of Congress?

  3. "But that doesn't change how the piece plays to most of the people who will see it." If it stands out so little during the day as you seem to suggest maybe most of the people who actually see it will be those present when it is dark enough to experience its full effects.

  4. That's the mentality of most retail marketers. In this case Leo was asked to build the brand. HHG then had a bad sales quarter and rather than stay the course, now want to go back to the schlock that Zimmerman provides (at a considerable cut in price.) And while HHG salesmen are, by far, the pushiest salesmen I have ever experienced, I believe they are NOT paid on commission. But that doesn't mean they aren't trained to be aggressive.

  5. The reason HHG's sales team hits you from the moment you walk through the door is the same reason car salesmen do the same thing: Commission. HHG's folks are paid by commission they and need to hit sales targets or get cut, while BB does not. The sales figures are aggressive, so turnover rate is high. Electronics are the largest commission earners along with non-needed warranties, service plans etc, known in the industry as 'cheese'. The wholesale base price is listed on the cryptic price tag in the string of numbers near the bar code. Know how to decipher it and you get things at cost, with little to no commission to the sales persons. Whether or not this is fair, is more of a moral question than a financial one.

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