If homes don’t have a high enough price tag, a municipality could end up losing money. That’s because, under the state’s property tax caps, lower assessed values might not generate enough tax to cover the cost of city services.
Area home builders saw a 9 percent increase in buyers in October, according to the latest permit numbers from the Builders Association of Greater Indianapolis.
See the latest home sales statistics, the most expensive home sold last quarter, what you can buy for $1.25 million and more.
Buyer demand proved so strong this summer that Hoosiers bought 9,080 existing homes in June alone—the state’s second-largest one-month sales tally in the past 12 years.
Area home builders saw an 8-percent increase in buyers in September, according to the latest permit numbers from the Builders Association of Greater Indianapolis.
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.
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.
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.
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.
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.
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.
Last year’s residential building boom in the Village of West Clay has proven to be short-lived, as an ongoing dispute between the developer and its lenders halted land sales in the upscale Carmel neighborhood.
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.
Permit filings for home construction in central Indiana fell 4 percent in August, the second straight month of declining activity in the homebuilding market.
Sales declined 2.4 percent in July, to a 412,000 annualized pace, the fewest since March and weaker than economist predictions.
Look here for statistics on Indianapolis-area home sales, the most expensive local sale, and a map showing population density.
