Area home- construction permit filings back on the rise
The central Indiana home-construction industry saw its second straight month of improving activity in March following a bitter winter that slowed business.
The central Indiana home-construction industry saw its second straight month of improving activity in March following a bitter winter that slowed business.
The Bloomington City Council is giving permission to a Habitat for Humanity group to develop a neighborhood with 35 homes.
Pricier houses are vanishing from the market faster than less-expensive homes due to a temporary bottleneck caused by rising demand and a slow recovery by builders.
The central Indiana home-construction industry saw a small rise in business in February, the Builders Association of Greater Indianapolis reported Tuesday.
Brenwick Development Co. claims a switch in lenders has halted about $7 million in land sales in the mammoth mixed-use community in Carmel. The firm has filed suit against the banks.
Homebuilders filed roughly the same number of building permits in central Indiana last month, 300, that they did in January 2013. The severe winter weather has kept builders at bay, the Builders Association of Greater Indianapolis said.
Despite the monthly decline, year-to-date permit filings are up 18 percent over 2012. This year’s number through 11 months has already exceeded 2012’s full-year total.
Poised for a development boom in those heady days before the real estate market collapsed, Westfield appears back on track for growth. Residential activity never stopped, but builders are picking up the pace in response to increasing demand. If history holds true, a commercial construction blitz will come next.
U.S. developers received approval in October to build apartments at the fastest pace in five years, a trend that could boost economic growth in the final three months of the year.
Slow but steady growth in central Indiana’s new-home market has chipped away at the supply of available lots, leaving developers and builders scrambling to keep up with demand.
The central Indiana home construction industry reversed course in October, with a rare year-over-year decrease in the number of single-family building permits filed. The drop follows a recent downward trend.
Paul Estridge Jr. says he is returning to the home-building business after securing $25 million from a private-equity firm in North Carolina. The venture’s first project will be Harmony, a 270-acre community in Westfield.
Single-family-building permit filings rose 8 percent in the nine-county area in September, marking the 15th straight month of year-over-year increases, the Builders Association of Greater Indianapolis reported Tuesday.
With the housing market on the mend, the Builders Association of Greater Indianapolis decided the time was right to reintroduce the show, which gives the public an opportunity to tour newly built custom homes.
The Broad Ripple High School graduate took a flyer on building custom homes in 1967 and created an empire in the city’s northern suburbs.
Single-family-building permit filings in the nine-county area saw their 14th straight month of year-over-year increases in August, the Builders Association of Greater Indianapolis announced Wednesday.
Out-of-state builders scooped up lots during the housing downturn, and now are watching their gambles pay off as they become major local players.
Year-to-date, local single-family-building permit filings have risen 27 percent from the same period a year ago.
Through June this year, 2,603 permits have been issued in the Indianapolis area, an increase of 26 percent compared to the first six months of 2012.
Ursula David is out to dispel the perception that modular homes are little more than glorified double-wides. David, who started Ursula David Homes 20 years ago, is concentrating on a new project, Indy Mod Homes, and is targeting an unlikely place for the prefabs—the urban core.