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Metro home-building activity down in November

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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.


 

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  • More good news
    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.

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  1. Saw the Indy Men's Chorus "Music of Gilbert & Sullivan" at the Indiana Historical Society on Sunday evening.

  2. Temporary workers are not "tools" they are people and companies that keep large amounts of temp staff are cheating.

  3. I miss having them around. I hope one of their stores is in the general Meridian/86th Street area. I will make good use of it.

  4. The Fringe! Plus, the simple fact that there are so many local faves in such close proximity to each other.

  5. I remenber, watching the toll road, being built, through South Bend, when I was 10 years old. I believe, back then that it was estimated, that the toll road, would be paid for in 20 years and then it would be free. I am now 71, what happened? Since the power is in the people, by that, I mean that, we the people are in total control of everything. I, suggest that no one ever use the toll road again, let it go broke. We the people can control the price of everything, from groceries to gas, if we would just do it. If we don't pay the asking price, the sellers will lower the price and if we wait awhile, they will lower the price to what we accept as reasonable. I would like to know why a highway like interstate 94, is so well maintained, a much better highway, than the toll road, but has no tolls. I would also like to know why, a sitting governor, with a term limit, maximum of eight years, can lease, public property, for 75 years. Even though I have transponders in both of my trucks and will not be affected by the increase, I have been and will contine to avoid using the toll road. I make many trips from northern Indiana to Chicago, every year, and I prefer the better highway, I94!

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