The U.S. Commerce Department reported that builders started construction on 1.57 million homes, a decline of 3.6% from 1.63 million units in December. That had been the highest point since late 2006 at the peak of the housing boom of the last decade.
Developers push into Westfield along Carmel’s northern border
Over the past decade, developers have proposed nearly a dozen new subdivisions within a couple of miles of the 146th Street and Towne Road intersection.Read More
Area homebuilders saw big rise in applications during first quarter
Interest in buying new homes in central Indiana surged dramatically in the first quarter, before the affects of the COVID-19 pandemic began taking its toll on the economy.Read More
Indianapolis-area homebuilders start 2020 with January surge
Applications for home construction permits in the Indianapolis area rose in January, marking the sixth monthly increase in the past seven months.Read More
Sales of existing homes surge in central Indiana amid lower rates
Closed sales in central Indiana have risen on a year-over-year basis in four of the last five months after falling in seven of the previous eight months.Read More
A big December was not quite enough to make last year’s construction pace exceed 2018’s. It was the first year since 2011 that fewer single-family building permits were filed in the area than in the previous year.
Applications for home construction fell 15 percent in November, which means Indianapolis-area builders will need a huge December to match 2018’s numbers.
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.
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 1% in central Indiana in May, marking the sixth straight month of declining permit filings.
Applications for single-family construction permits in the nine-county area are down 12 percent so far this year.
Single-family construction permit filings have fallen for the past four months following a 14-month streak of year-over-year increases.
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
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.
On a year-to-date basis, single-family construction permits in the nine-county area are up 19 percent.
Indiana-based Olthof Homes has filed plans to build 430 new homes in Westfield, including townhouses that would start at $150,000.