Central Indiana sees December surge in new-home applications
The jump in December helped snap a four-month streak of falling numbers and pushed the entire year into positive territory.
The jump in December helped snap a four-month streak of falling numbers and pushed the entire year into positive territory.
Indiana lawmakers are considering legislation to lower houses costs by removing restrictions from the permitting process. Local governments worry the measure takes decision-making power away.
The Department of Business and Neighborhood Services will more than double the cost for some permits next year, including those for building a new home or commercial structure in Indianapolis.
Members of the Zionsville Town Council voted 6-1 to approve the Courtyards of Heritage Trail by Ohio-based Epcon Communities.
Only three of the area’s nine counties saw increases in filings, including Hamilton County, which broke a six-month streak of declines.
The year-over-year decline in single-family building permits was the first since March in the nine-county area.
Hancock, Boone and Hendricks experienced significant increases in single-family building permits.
Single-family building permits in the nine-county area have increased in three of the first five months of 2025 on a year-over-year basis.
After a slow start to the year, central Indiana builders saw filings for new homes jump last month.
The development called Parks at Crossroads would be D.R. Horton’s first subdivision in Noblesville.
Meanwhile, the Builders Association of Greater Indianapolis this week welcomed its first new CEO in 29 years.
Single-family building permit filings in the nine-county area had risen on a year-over-year basis for 19 straight months prior to January.
Indianapolis-based Davis Homes, which has roots dating to the 1950s, is one the largest residential builders in central Indiana.
Single-family building permits in the nine-county area have risen on a year-over-year basis for 17 straight months.
Only one county in the nine-county Indy area reported a year-over-over decrease in single-family building permit filings in October.
Central Indiana residential builders are on pace to have one of their busiest years since the homebuilding boom that took place before the Great Recession.
U.S. housing starts slowed in September as a drop in multifamily projects outweighed a pickup in construction of single-family dwellings.
The Franklin Township projects, Eagle Creek and Crescent Ridge, will collectively occupy nearly 200 acres.
Permit filings had risen on a year-over-year basis for 11 straight months before June’s decrease.
However, the central Indiana homebuilding market has lost much of the velocity that characterized the first couple of months of 2024.