IBJNews

  • Home

Metro home-building activity down in November

IBJ Staff
December 16, 2011
Keywords
Construction, Homebuilders, Housing Starts, Real Estate & Retail, Residential Real Estate
Back to TopCommentsE-mailPrint

Following three strong months of year-over-year increases, home-building activity in the Indianapolis area fell in November.

In the nine-county metropolitan area, the number of home-construction permits filed last month dropped to 225, a 13-percent decrease from the same month in 2010, according to the Builders Association of Greater Indianapolis.

Year-to-date, the number of filings through November is 3 percent below last year's pace. A total of 3,359 permits have been filed through November, compared with 3,455 during the first 11 months of 2010.

In Marion County, 41 single-family building permits were filed last month, a drop of 16 percent over November 2010.

Hamilton County registered a gain of 3 percent, or 96 permits.

The amount of permits filed last month decreased 4 percent in Johnson County and 41 percent in Hendricks County.

Without a better December, area residential builders could suffer their worst year in more than a quarter-century. 

Home construction has fallen dramatically since the first part of this century, when area permits topped 13,000 annually from 2000 to 2005, including a peak of 15,054 filed in 2001.


 


ADVERTISEMENT
  • More good news
    PaulDecember 16, 2011 11:56 AM
    The area already has too many houses, which is good in that it keeps them affordable, but the downside is that it discourages investment in maintenance and upgrades which results in the oodles of deteriorated rundown neighborhoods throughout the area.
    Reply to CommentFlag Comment

Post a comment to this story

COMMENTS POLICY
We reserve the right to remove any post that we feel is obscene, profane, vulgar, racist, sexually explicit, abusive, or hateful.
 
You are legally responsible for what you post and your anonymity is not guaranteed.
 
Posts that insult, defame, threaten, harass or abuse other readers or people mentioned in IBJ editorial content are also subject to removal. Please respect the privacy of individuals and refrain from posting personal information.
 
No solicitations, spamming or advertisements are allowed. Readers may post links to other informational websites that are relevant to the topic at hand, but please do not link to objectionable material.
 
We may remove messages that are unrelated to the topic, encourage illegal activity, use all capital letters or are unreadable.
 

Messages that are flagged by readers as objectionable will be reviewed and may or may not be removed. Please do not flag a post simply because you disagree with it.

ADVANCED SEARCH
Sponsored by
ADVERTISEMENT

facebook - twitter on Facebook & Twitter

Follow on TwitterFollow IBJ on Facebook:
Follow on TwitterFollow IBJ's Tweets on these topics:
 
Subscribe to IBJ

  1. something to take iman's mind off CART,,,the league itsownself doesn't do it

  2. Someone mentioned a green roof. Every designer of a new urban building should be required to at least explore the feasibility of a green roof. The ability to cut carbon dioxide, save precious rainwater (drought this summer??) and re-use grey water, cool the building cheaper, and improve the view for neighbors, should be, not only the good neighbor thing to do, it should be the responsible neighbor thing to do. Too bad the city didn't require it when they gave up downtown green space for the Simon Building. Surprised they aren't requiring it now.

  3. About the same means down, like the TV ratings.

    My favorite tradition that needs to be brought back is the 25/8 rule.

  4. Your stats are incorrect. The 85k Government employees working in Marion County includes all government workers in Marion county. That is state, federal, non profit agencies, city and county. The stats the article list is the number of employees for all of the city/county employees and it is correct. That number includes the library, airport, convention center, and so on. The policy of extending benefits to domestic partners is consistent with private sector companies of the same size. Isn't the mantra of most conservatives "run the government like a business."

    Also, too say the "fiscal proposil is huge" without considering the actuarial factors involved is a bit of an overstatement. We really don't know if it is huge or not. If all of the people added to the plan are healthy and don't have claims then it could bring cost done or hold them neutral.

  5. There are 85,346 government employees in Marion county according to Stats Indiana.

    My understanding is that this proposal covers not only same sex partners and children, but opposite same sex partners who are not married and any kids.

    It also covers all city and county employees, plus municipal corporations which use city/county benefits packages including Health and Hospital Corporation (Wishard), Indianapolis Airport Authority, Indianapolis Convention Center,Lucas Oil,Bankers Life, Indianapolis Marion County Library, and Indianapolis Public Transportation Corporation (IndyGo).

    Certainly Indianapolis Public Schools will also want more benefits also.

    The fiscal cost on this proposal is huge.

ADVERTISEMENT