Area homebuilding permits jump 10 percent
Single-family building permits filed in the nine-county Indianapolis area rose again in March, the ninth straight month of year-over-year increases.
Single-family building permits filed in the nine-county Indianapolis area rose again in March, the ninth straight month of year-over-year increases.
The number of home construction permits in the Indianapolis area jumped 16 percent last year, marking just the second year-over-year increase in filings since 2005.
The Builders Association of Greater Indianapolis said October’s jump marked the biggest year-over-year increase this year. Activity was strongest in Hamilton and Hendricks counties.
Builders in the nine-county Indianapolis area filed 408 construction permits in August, a 15-percent increase from the same month a year earlier, according to the Builders Association of Greater Indianapolis.
Builders in the nine-county area filed 373 construction permits in July, a 21-percent increase from the same month last year, according to the Builders Association of Greater Indianapolis.
New-home construction in the Indianapolis area rebounded last month from a poor April to post a big year-over-year increase.
Permits filed last month in the nine-county area totaled 352, a 2-percent year-over-year decrease. But activity through the first four months remains stronger than it was during the same time last year.
The nine-county Indianapolis area rebounded from a slow January to post a 40-percent year-over-year increase in building permits last month.
New-home construction in the Indianapolis area slid in 2011, marking six straight year-over-year declines in residential building. The 3-percent decrease in building permits, however, was the smallest decrease since 2006.
Double-digit increases in permit filings the past three months have residential construction activity in the Indianapolis metropolitan area in position to surpass last year’s pace.
The recession officially ended more than two years ago. But the number of local construction jobs is still down 27 percent from 2007 levels. Will the industry ever feel relief? Some segments might not recover in a big way until 2013.
A Cincinnati-based homebuilder’s expansion into Indianapolis marks the second time in six months a builder from the
Queen City has carved out space in the metropolitan area.
The number of building permits filed in the nine-county metropolitan area has been flat the past two months following a flurry
of activity leading up to the expiration of federal home-buying tax credits.
This spring’s Parade of Home is being held about two weeks earlier than normal to help builders lure homebuyers who want to
take advantage of federal incentives intended to give the residential real estate market a boost. Builders also are taking
chances on more spec homes.
A Marion County judge has frozen certain Hansen & Horn Group Inc. funds after the Indianapolis homebuilder failed to pay
a $183,000 legal judgment. The move sheds light on the severity
of the company’s woes.
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.
In terms of eco-friendliness, few homes in central Indiana boast much more than a high-efficiency furnace or low-flush toilet. But a Carmel-based custom-home builder is so certain the region is ready to embrace the green movement that he is willing to risk investing in a residential community designed to achieve national environmental recognition. Frank Redavide, president of Castalia Homes LLC, is finalizing financing for the project and plans to start construction within 60 days. The 144-lot development, called Villages of…
Melinda and Brooks Bertl know the ups and downs of the current real estate market-personally. They started looking for a home to buy this spring and it took them only two weeks to find one they liked in Carmel. “I guess we knew what we wanted and found it. And the house had been on the market for some time,” said Melinda Bertl, indicating the sellers were ready to make a deal. They bought the house and moved into it….
Marilyn Monroe, one of celebrity licensing firm CMG Worldwide’s highest-grossing clients, has raked in more than $30 million
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to a drip if a higher court upholds a ruling early this month by a New York federal judge.
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.