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City ups fees for planning petitions: Old charges weren’t enough to cover department’s costs

January 2, 2006

Developers and companies in the construction industry might be unpleasantly surprised the next time they seek a zoning change or construction permit in Indianapolis. On Jan. 1, a new fee schedule kicked in for many of the functions of the city’s Department of Metropolitan Development, raising the cost of seeking zoning changes, variances and construction permits. In some cases the jump in fees is dramatic, while other fees will change little or not at all. However, the overall effect on…

Builders remain bullish: Area likely to escape home construction slump, experts say

January 16, 2006

When home mortgage lender Fannie Mae this month predicted home sales might fall as much as 10 percent in 2006, Wall Street shuddered. Shares of home builders dropped, temporarily stalling a rally in the broader stock market-and raising questions whether the pace of new subdivisions in central Indiana might slow. Yet despite the discouraging outlook for the national housing market, builders active in central Indiana remain optimistic, singing a common refrain: not here. As it has for the past two…

Home builders facing tougher-than-expected downturn: Local building permits down 18 percent from last year

September 4, 2006

Alan Goldsticker, president of Ryland Homes of Indiana, said builders have a mound, not a mountain, confronting them. The walls might not be caving in on the Indianapolis housing market, but the current softening in home building is expected to continue for months. That’s the prospectus from Steve Lains, CEO of the Builders Association of Greater Indianapolis. While the outlook is not as bad as it could be, it is worse than most experts expected entering 2006. BAGI predicted then…

Shoopman ready to build again

December 11, 2006

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.

Monroe photo ruling could sting CMG

May 14, 2007

Marilyn Monroe, one of celebrity licensing firm CMG Worldwide’s highest-grossing clients, has raked in more than $30 million
in licensing fees in the last dozen years–with roughly 25 percent of that landing in CMG coffers. But that spigot could slow
to a drip if a higher court upholds a ruling early this month by a New York federal judge.

Sellers waiting for recovery in area housing market: Economist expects another nine months of ‘slow going’

October 29, 2007

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….

Castalia planning green neighborhood: Carmel-based custom homebuilder lining up financing for Mooresville community with 144 eco-friendly homes

May 26, 2008

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…

Builders challenge park fee in Zionsville

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.

Troubled homebuilder’s funds frozen after failing to pay judgment

November 24, 2009

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.

Tax-break deadline spurs spec homes in Parade

March 29, 2010

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.

Residential building activity levels off after surge

June 18, 2010

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.

Potterhill Homes enters Indianapolis market

June 23, 2010

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.

Waiting for construction industry to recover

October 5, 2011

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.

Area residential building permits up in October

November 8, 2011

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.

Metro home-building activity sinks again in 2011

January 11, 2012

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.

Building-permit activity rises in February

March 14, 2012

The nine-county Indianapolis area rebounded from a slow January to post a 40-percent year-over-year increase in building permits last month.

Metro-area building activity dips in April

May 9, 2012

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.

Area sees May surge in residential building permits

June 11, 2012

New-home construction in the Indianapolis area rebounded last month from a poor April to post a big year-over-year increase.

Area homebuilding permits jump 21 percent

August 9, 2012

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.

Area homebuilding permits on the rise in August

September 11, 2012

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.

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