Homebuilding activity slowed slightly in December, but 2014 still turned out to be the busiest one for builders in the area in seven years.
Permit filings for home construction in central Indiana increased 1 percent in September, marking a small jump following two months of declining activity in the local homebuilding market.
Apartment construction has surged 19.2 percent in the past 12 months. Meanwhile, single-family starts have risen just 4.2 percent. The shift among builders to increased apartment building is a sign that a rising share of Americans will be renters, rather than homeowners.
Sales declined 2.4 percent in July, to a 412,000 annualized pace, the fewest since March and weaker than economist predictions.
Brad Davis and Paul Estridge Jr. belong to a select fraternity. They’re prominent Indianapolis homebuilders whose companies faltered during the housing downturn, only to re-emerge in another incarnation.
Ursula David hopes her first manufactured home will catch on at other infill lots close to downtown.
Near North Development Corp. is serving as master developer of the project, which is using $488,000 in U.S. Department of Housing and Urban Development grants.
Plans for the former Sunrise Golf Club property along the Monon Greenway in Carmel are coming into focus as the developer asks the city to approve a rezoning request.
The proposed Residences of Lawrence at Fort Ben subdivision would be the first single-family project on the former army base since it closed in 1995.