Applications for home construction fell 1% in central Indiana in May, marking the sixth straight month of declining permit filings.
Single-family construction permit filings have fallen for the past four months following a 14-month streak of year-over-year increases.
The lots were among the last available spaces to nab close to the main drag in Fountain Square, a neighborhood where Fisher and his family’s business, RCA Properties LLC, already owned substantial property.
Last year turned out to be the busiest year for builders in more than a decade, but filings have been slowing since the fourth quarter.
A slowdown in home construction that began in central Indiana in late 2018 continued into the new year.
Despite the disappointing closing month, 2018 turned out to be the busiest year for local builders in more than a decade.
Indianapolis-area homebuilders saw a surge in construction permits for new houses in November, marking the 14th straight month of year-over-year increases.
Indianapolis builders saw the smallest monthly increase in applications in the past year in October, and six of the area’s nine counties saw declining permit filings
Thanks to Pinterest and HGTV, buyers often know just want they want when they are building a new home, experts said.
A new report from the Builders Association of Greater Indianapolis and MIBOR Realtor Association says builders have a long way to go if they want to keep up with the area’s future demand for new housing.
On a year-to-date basis, single-family construction permits in the nine-county area are up 19 percent.
Parkside at Finch Creek would be designed for as many as 1,500 new housing units, including homes for empty-nesters, apartments and senior-care facilities.
Indiana-based Olthof Homes has filed plans to build 430 new homes in Westfield, including townhouses that would start at $150,000.
Westport Homes has made a rare find: 33 acres of largely undeveloped land on West 64th Street in Washington Township. Until July, it was the home of Grandview Stables for more than six decades.
IBJ Podcast: Stars of HGTV’s ‘Good Bones’ on making a living, changing neighborhoods, and what’s next
Karen Laine and Mina Starsiak, the mother/daughter duo who renovate houses as Two Chicks and a Hammer, say they’re not getting rich from TV.
Indianapolis-area builders saw rising interest in new homes in June, but the growth rate in that demand declined to its lowest point in 14 months.
Since its founding in 1994, Arbor Homes LLC and its affiliates have constructed more than 13,000 homes in the Indianapolis area.
Organizers of the affordable-housing and neighborhood-revival effort, designed to attract and retain teachers for urban schools, are set to unveil the first 15 homes.
Single-family construction permit filings in the nine-county area have been on the rise in 28 of the last 30 months on a year-over-year basis.