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 most-active July for single-family construction permit filings since 2006, when 746 permits were filed during the month.
Applications for home construction fell 13% in central Indiana in June, marking the seventh straight month of declining permit filings.
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.