Indy-area homebuilders see February dip in permit applications
The slowdown in applications for new homes came after two months of increases, according to the latest statistics from the Builders Association of Greater Indianapolis.
Residential Real Estate
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Developer, builder propose 220-home development in Westfield
Plans call for the proposed 108-acre development to have four different housing styles and homes priced from $500,000 to $1.4 million.
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Ivy Tech launching construction skills education program
In partnership with the Lennar Foundation — the philanthropic arm of Miami, Florida-based Lennar Corp. — the one-semester program is designed to give students a pathway to immediate employment in the construction industry.
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Legislation seeks speedier path to home building
House Bill 1001 would allow single-family houses and duplexes to be approved without a hearing in areas that are zoned residential.
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Community development group maintains focus on affordable housing with plans for near-east-side triplex
The organization has developed similar residential projects in recent years in the Willard Park and Rivoli Park neighborhoods.
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Articles
Apartment complex with 272 units proposed for Grand Park District in Westfield
An apartment complex with a retail component could be coming to the Grand Park District in Westfield, along with a car racing museum, Ed Carpenter Racing’s headquarters and a Java House cafe.
Westfield City Council OKs 765-acre residential development
A development plan that calls for nearly 2,000 homes and a mixed-use village was narrowly approved Monday night by the Westfield City Council.
Central Indiana existing-home market ekes out February sales gain
Sales of existing homes in central Indiana bounced back from a frigid January to post a modest increase in February, according to the latest data from the MIBOR Realtor Association.
Proposed $10.5B deal would create national self-storage giant
The deal, if approved, would combine the largest and the fourth-largest U.S. self-storage companies by market capitalization.
Senate passes bipartisan housing bill to improve access and affordability
The bill would reduce regulations, regulate corporate investors and expand how housing dollars can be used to build affordable homes and rentals.
Developer takes over 230-unit Lebanon residential project, plans 2027 completion
The project, Paddock Place, will include 20 townhomes and 210 apartments across seven buildings and a 5,000 square-foot clubhouse.
Indy-area homebuilders see modest rise in permit applications
After homebuilders held the line in 2025, the increase in January could indicate that central Indiana is weathering the financial headwinds hampering the national market.
For first time since 2022, average long-term mortgage rate dips below 6%
The latest dip, its third decline in a row, brings it closer to its lowest level since Sept. 8, 2022, when it was 5.89%.
Developer seeks to build 300 apartments, 25 townhomes in Westfield
The $80 million project would be developed on a 16.5-acre site along the Midland Trace Trail and include 27,000 square feet of commercial space.
Todd Huston: Regulations have driven up cost of homeownership
House Bill 1001 is the next step to unleash the housing market.
Mayor Scott Fadness: HB 1001 degrades rights of current residents
It preempts communities from having a say in how, and at what pace, they want to grow.
Mayor Sue Finkam: Bill impacts city’s ability to control land use, costs
We’re also concerned about the possibility of inviting congestion onto city streets.
Rep. Doug Miller: Local communities must help lower housing costs
Rolling back regulations will help more Hoosiers and families achieve the American dream.
Indiana housing overhaul bill advances by one vote as senators warn of ‘one-size-fits-all’ risks
Supporters say state action is needed to boost housing supply, but critics question whether the bill will actually lower costs.
Senate committee takes swings at rental cap ordinances, local taxes, data centers
Fishers Mayor Scott Fadness said he appreciates an attempt to compromise on rental cap ordinances, but feels the Legislature isn’t listening to what local communities want.
Central Indiana existing-home market opens year with frigid sales
Sales of existing homes in central Indiana fell significantly in January, partly due to a major winter storm that cooled off economic activity through much of the country.
US homes sales fell sharply in January, even as mortgage rates continued to ease
Sales had their biggest annual and monthly drop in the West, which wasn’t as affect by last month’s winter storm as the other regions of the country.
Builder proposes 96-home development near Noblesville’s Innovation Mile
The Rollingwood development, presented to the Noblesville Common Council on Tuesday, would include ranch and two-story homes ranging from 2,200 to 4,200 square feet each.
Central Indiana existing-home market closes 2025 with strong December
Sales of existing homes in central Indiana jumped last month, helping the market finish 2025 on an overall positive note.