Housing Starts

Lugar Tower project delayed by lack of tax credits

March 26, 2010
Scott Olson
Renovation of apartment building owned by the Indianapolis Housing Agency will have to wait, after it failed to receive the necessary federal backing to fund it. Three other IHA projects, including Caravelle Commons, will move forward, however.

Delta Faucet cutting 40 more jobs at Greensburg plant

March 10, 2010
The Carmel-based company said its decision to consolidate machining activities at a plant in Tennessee is driven by weak retail sales and a sluggish housing market.

Judge signs off on Hansen & Horn liquidation

March 4, 2010
Scott Olson
A court-appointed receiver can begin selling the assets of troubled home builder Hansen & Horn Group Inc., after a judge approved its liquidation on Wednesday.

Westfield lumber company part of acquisition

February 16, 2010
Hall & House Lumber Co. in Westfield will become part of one of the largest distributors of lumber and building materials in the nation, once the purchase of its parent is completed next month.

Farmland once targeted for housing still being plowedRestricted Content

January 23, 2010
Kathleen McLaughlin
Farmers who might have worried about losing their livelihood to new homes or retail have gotten a little breather.

F.C. Tucker predicts modest rally for residential market

January 19, 2010
Cory Schouten
Central Indiana's housing market is on track to notch gains in the number of homes sold and the average sales price in 2010.

Cincinnati-area builder Fischer expands to Indianapolis

January 12, 2010
Cory Schouten
Home builder hopes to sell as many as 200 houses in region this year. Fischer, which entered the Columbus, Ohio, market in 2008 after buying subdivisions from retreating builders, is using the same strategy to establish a foothold in Carmel, Westfield, Zionsville and Avon.

Fewer home-building permits signal weakness ahead

October 20, 2009
Associated Press
Applications for home-building permits, a gauge of future construction, fell in September by the largest amount in five months.

Area building permits fall for 23rd straight month

October 16, 2009
The number of building permits issued in the nine-county Indianapolis area fell 20 percent in September from the same time last year, marking 23 consecutive months of declines.

Builders challenge park fee in ZionsvilleRestricted Content

November 17, 2008
Zionsville Town Council members have until Nov. 17 to decide whether to appeal a judge's decision last month that invalidated the town's park-impact fee.

Developer betting on cottage homesRestricted Content

September 1, 2008
Cory Schouten

Buyers in Seattle, Milwaukee and even Bloomington have snapped up new cottage homes in developments that turn the McMansion trend on its dormer-decorated head. But will Indianapolis buyers have a similar appetite for the tiny energy-efficient homes clustered around community greens? A local developer is betting they will.


Local builders slash jobs, offices to survive housing slumpRestricted Content

January 28, 2008
Cory Schouten
At the market's peak, builders churned out more than 12,000 new homes a year in central Indiana. In the current slump, new-home production has dropped to fewer than 7,000 per year, leaving builders with no choice but to slash prices, eliminate hundreds of jobs, and look to unload huge chunks of office space.

Carrier carrying on in cool housing marketRestricted Content

November 19, 2007
Chris O'Malley
With steep declines in new-home construction and existing home sales, market conditions in the Indianapolis-based North American residential business of Carrier Corp. "are clearly challenging," according to George David, CEO of Carrier's parent, United Technologies.

To weather downturn, housing industry rolls out incentivesRestricted Content

October 1, 2007
Sam Stall
For most of this decade, the Indianapolis residential real estate market enjoyed a very good run. But now it's muddling through the doldrums just like the rest of the country, and builders are pulling out all the stops to avoid getting stuck with inventory.

Shoopman ready to build againRestricted Content

December 11, 2006
Jennifer Whitson
Paul Shoopman put 33 years into Dura Builders Inc. before selling his residential construction firm to national player KB Home Inc. as the local housing market boomed. Two years later, he's getting back into the business even as KB and others retrench.
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