More bad news on the housing front, as KB Home says it's bailing on Indianapolis. 
How big of a loss is it? KB entered the market in 2004 with its purchase of Dura Builders,
and had been the city's fourth largest homebuilder. The departure of the Los Angeles-based homebuilder comes as the number
of residential building permits issued in central Indiana has tumbled, from 13,202 in 2005, to 9,514 last year. So far this
year, just 3,822 have been issued.
How big of a loss is it? KB entered the market in 2004 with its purchase of Dura Builders,
and had been the city's fourth largest homebuilder. The departure of the Los Angeles-based homebuilder comes as the number
of residential building permits issued in central Indiana has tumbled, from 13,202 in 2005, to 9,514 last year. So far this
year, just 3,822 have been issued.
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That's because Marion Co. is running out of corn fields!
Let's get some of the existing hopes purchased before we worry about more urban sprawl.
They basically told me, the market was going to continue to be strong and they saw no end in sight for growth. I thought to myself, Idiots.
As I've paid attention to all of KB's troubles since then, I do appreciate a little schadenfreude.
Down with the VINYL VILLAGES!!!! Of course a stiff wind could do that. Who buys these crappy houses anyways?