Arbor Homes buys Franklin-based land developer to expand capacity
The Indianapolis area’s most active home builder is bringing one of its frequent collaborators in-house to help develop more lots.
The Indianapolis area’s most active home builder is bringing one of its frequent collaborators in-house to help develop more lots.
Residential builders Drees Homes and Epcon Communities presented plans to the Westfield City Council on Monday for three different developments in the city.
Area new-home construction filings jumped 12% last month, marking the 11th time in the last 13 months that filings have risen on a year-over-year basis.
Permit filings had been on the rise in nine of the last 10 months before pandemic-related issues finally took a toll on numbers last month.
Applications for home construction permits rose 5% in the Indianapolis area in April, marking the ninth monthly increase in the past 10 months on a year-over-year basis.
Interest in buying new homes in central Indiana surged dramatically in the first quarter, before the affects of the COVID-19 pandemic began taking its toll on the economy.
Applications for home construction permits soared 34% in the Indianapolis area in February. The flurry of new applications came before the first cases of COVID-19 hit Indiana.
Spending on U.S. construction projects rose 1.8% in January, helped by strong gains for home construction and government building projects.
Applications for home construction permits in the Indianapolis area rose in January, marking the sixth monthly increase in the past seven months.
A big December was not quite enough to make last year’s construction pace exceed 2018’s. It was the first year since 2011 that fewer single-family building permits were filed in the area than in the previous year.
Applications for home construction fell 15 percent in November, which means Indianapolis-area builders will need a huge December to match 2018’s numbers.
According to filings with the city, the project would consist of 17 two-story town houses over two blocks along East 16th Street.
Single-family construction permits in the nine-county area have risen for four months in row on a year-over-year basis following seven straight months of declines.
The deal marks Arbor’s first entry into a territory outside of central Indiana since it was founded in 1994. Arbor is the Indianapolis area’s most active home builder.
Old Town’s sister companies are continuing to develop projects in Carmel, working on a large mixed-use development that will help transform downtown Westfield, and expanding their reach into West Lafayette, where the company is part of a $1 billion project being constructed next to Purdue University’s campus.
Sales of existing single-family homes rose 1.8% in central Indiana in September—only the second month of increased sales this year on a year-over-year basis.
Applications for home construction in the nine-county area have risen three months in a row following seven straight months of declines.
Indianapolis-based Westport Homes Inc. plans to ask the city’s Metropolitan Development Commission for approval to rezone two tracts of land for two subdivisions totaling 155 acres.
It was the second month in a row of year-over-year increases for single-family construction permit filings following seven straight months of declines.
It was the most-active July for single-family construction permit filings since 2006, when 746 permits were filed during the month.