Homeownership losing cachet due to housing bust, job losses
Multifamily housing may not benefit anytime soon from falling rates of homeownership.
Homebuilders
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Home-construction starts, permits plunge unexpectedly
The Commerce Department said Wednesday that construction of new homes and apartments fell 10.6 percent in October, to the
lowest level since April.
IURC conducts review of Centennial’s telecom service
Every neighborhood has its battles, but the 1,017-resident Centennial subdivision in Westfield is embroiled in one of the
most unusual: a very public fight over the adequacy of its phone, Internet and video service.
Fewer home-building permits signal weakness ahead
Applications for home-building permits, a gauge of future construction, fell in September by the largest amount in five months.
Area building permits fall for 23rd straight month
The number of building permits issued in the nine-county Indianapolis area fell 20 percent in September from the same time
last year, marking 23 consecutive months of declines.
Virginia homebuilder enters market
Home-building powerhouse Ryan Homes is marketing lots in 10 subdivisions it has taken over from the defunct local builder
CP Morgan Communities.
‘Makeover’ making another trip to central Indiana
Popular ABC show ‘Extreme Makeover: Home Edition’ is returning to central Indiana.
A pair of community banks see loan woes escalate
Community Bank of Noblesville and Blue River Bancshares Inc. of Shelbyville have seen loans sour
at a rate that might have seemed unimaginable before the housing market tanked and the recession set in.
Charter Homes owner gets 2-plus years for mortgage fraud
Charter Homes owner Jerry J. Jaquess has been sentenced to two-and-a-half years in prison and ordered to pay restitution of
$825,000 for his role in a $20 million mortgage fraud scheme.
SPECIAL REPORT: Charter Homes draws scrutiny for odd sales claims, multiple liens
Charter Homes owner Jerry Jaquess fancies himself a white knight for King Park, a neighborhood once known mainly for its rampant
crime, boarded-up homes and vacant lots. But as he’s constructed a slew of homes and carriage houses there, the local
builder has stirred up several lawsuits, dozens of liens and persistent questions about whether his business is legit.
Recession slows the creation of a self-contained Boone County community
Creating a self-contained community on 1,700 acres of farmland could take much longer than the 15 to 20 years Duke Realty
Corp. predicted.
C.P. Morgan’s demise puts 2,000 home sites on market already overwhelmed with land
The end of C.P. Morgan, the largest
central Indiana builder for a decade, will throw 1,200 home lots and options for 800 more onto an already flooded land market.
F.C. Tucker forms partnership with home-builder Shoopman
F.C. Tucker Co. has entered into an agreement with Shoopman Home Building Group in which 21 Tucker real estate agents will
staff model homes in seven communities Shoopman is developing.
Davis Homes folds, other builders struggle
Davis Homes, one of the state’s largest home builders, fell victim to the tough housing market, ceasing operations July 23.
Builders challenge park fee in Zionsville
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.
Davis Homes faces lawsuits; DayMarc out of business
A depression in the home-building market has claimed a Fishers builder and continues to hammer locally based Davis Homes LLC–a
powerhouse for years that now is facing foreclosure on about 80 home sites.
Shoopman ready to build again
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.