Area homebuilders see slight uptick in permit filings
Builders filed 456 single-family construction permits in the nine-county metropolitan area in August. That's a 2-percent increase from August 2014 and a 4-percent rise from the previous month.
Builders filed 456 single-family construction permits in the nine-county metropolitan area in August. That's a 2-percent increase from August 2014 and a 4-percent rise from the previous month.
Wet weather and a shortage of lots contributed to a 17-percent decrease in permit filings in the nine-county metropolitan area in July.
U.S. builders broke ground on apartment complexes last month at the fastest pace in nearly 28 years, as developers anticipate that recent jobs gains will launch a wave of renters.
Builders filed 530 single-family permits in the nine-county metropolitan area in June, the Builders Association of Greater Indianapolis said Thursday. That's a 9-percent increase from June 2014.
Chase Development LLC plans to build 12 condos ranging from nearly $400,000 to $1.2 million as part of its 500 Park Residences project at the northwest corner of East Michigan Street and Park Avenue.
The country club on the northwest side foresees 46 houses on 25 acres and using money from the sale of the land to make crucial improvements to the private retreat.
Builders filed 497 single-family permits in the nine-county metropolitan area in May, a 6-percent decrease from May 2014. Permits have fallen on a year-over-year basis for two straight months and in three of the last four.
Builders filed 492 single-family permits in the nine-county metropolitan area in April, the Builders Association of Greater Indianapolis said Friday. That's a 10-percent decrease from April 2014.
Michigan-based Lombardo Homes, which entered the Indianapolis-area market two years ago, is selling nearly 200 local home sites and wrapping up central Indiana operations.
Between the two high-end communities in Carmel and Noblesville, Pulte Homes expects to be able to build on more than 200 home sites.
Builders filed 492 single-family permits in the nine-county metropolitan area last month, a 7-percent increase from the same time last year, the Builders Association of Indianapolis said.
City officials on Monday approved rezoning 150 acres along Southeastern Parkway for a 277-unit development with homes from $275,000 to $450,000.
February’s record-cold temperatures apparently put a chill on new-home buying in central Indiana, the Builders Association of Indianapolis reported Thursday.
Builders filed 318 single-family permits in the nine-county metropolitan area last month, a 6-percent increase from the previous January.
PulteGroup is embarking on a large residential development in Plainfield that provides one of the clearest signals yet that the local housing market is on the mend.
Justin Moffett, 35, partner in Old Town Design Group, has found strong demand for his company's craftsman-style homes.
For all of 2014, U.S. builders started construction on 1.01 million new homes and apartments. It was the first time construction has topped 1 million since the height of the housing boom in 2005.
Homebuilding activity slowed slightly in December, but 2014 still turned out to be the busiest one for builders in the area in seven years.
Builders filed 386 single-family building permits in the nine-county metro area last month. That’s the highest number in November since 500 permits were filed seven years ago.
Marion County saw a 51-percent surge in permits in October, from 51 to 77. The county is 9 percent ahead of last year’s pace, with 689 filings during the first 10 months of the year.