Developer, major homebuilder plan 350-plus houses on east side of Noblesville
The development called Parks at Crossroads would be D.R. Horton’s first subdivision in Noblesville.
Residential Real Estate
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Existing-home sales in central Indiana continue to slip
Closed existing-home sales in the 17-county area fell for the fourth time in five months in March, but sales prices continue to climb.
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Fishers developer planning $60M apartment project on near-south side of Indy
The Annex Management Group Inc., which specializes in student and moderate-income housing, plans to earmark units for individuals and families making up to 60% of the area’s median income.
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Homebuilders prepare for proposed tariffs that could raise material costs, erode margins
The National Association of Home Builders projected that current tariffs could raise the cost to build a single-family house in the United States $7,500 to $10,000.
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Q&A with Onyx+East CEO Kelli Lawrence on embracing unique housing types
Onyx+East, which was spun off in 2016 from Indianapolis-based Milhaus Development LLC, got its footing in downtown Indianapolis, and Lawrence has led the company as it has put a focus on the suburbs.
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Articles
Town Council rejects plan for 350-plus homes in rural Zionsville
The plan for the Reserve at Union Woodlands was opposed by residents living in rural Zionsville and raised safety concerns from executives with the nearby Indianapolis Executive Airport.
Trump swiftly undoing transgender protections in HUD housing policies
With changes to the Equal Access rule and other guidance still unclear, what happens now often depends on where a case is filed.
Home ownership climbs further out of reach for most Americans
Based off the latest U.S. median home listing price, homebuyers need to earn $47,000 more a year to afford a home than they would have just six years ago.
March home sales slowed nationally in lethargic opening to spring season
The March sales decline is the largest monthly drop since November 2022, when sales fell 6.7% from the previous month.
Developer’s plan for 350-plus homes in rural Zionsville expected to face final test next month
A proposed 147-acre residential and commercial development continues to face opposition from nearby residents and Indianapolis Executive Airport officials.
Fishers passes rental home cap, while Carmel introduces its own
The Fishers City Council voted 9-0 to approve the proposed ordinance, which would cap the percentage of single-family rental houses. Meanwhile, Carmel began considering its own plan.
New-home applications in central Indiana fall for third straight month
Single-family building permit filings in the nine-county area were down significantly in March.
Fishers City Council to hold public hearing on rental registration proposal
The plan calls for limiting the percentage of single-family rental units per subdivision to 10%, but it would grandfather in existing rentals.
Homebuilder planning 326 new houses in two Noblesville developments
Plans for communities proposed by M/I Homes of Indiana called MontClaire and Bending Branch were presented to members of the Noblesville City Council this week.
D.C. firm spends $50M to acquire Canal-adjacent luxury apartments
A representative for the buyer said that Indianapolis’ rank as one of the best markets in the country for rent growth—that is, increases in rent prices—played a key role in the decision to buy Cosmopolitan on the Canal.
Fishers District residential community sold to Virginia-based company
The upscale Slate at Fishers District was developed at a cost of about $63 million on 25 acres east of Ikea, with construction completed in May 2024.
Uncertainties under Trump trouble housing providers
Frozen grants, delayed allocations and terminated funds are all examples of what Indianapolis housing providers and builders face as President Donald Trump’s administration slashes federal programs and jobs.
Developer planning nearly 300 new homes on west side of Westfield
If the development is built according to its current plan, it would feature 296 single-family houses and town houses, and commercial space.
Developers present plan for 242 apartments in North End project in Carmel
Carmel-based Old Town Cos. LLC and Indianapolis-based Avenue Development are seeking to build the apartments on 10.4 acres in the $100 million North End development.
New-home applications in central Indiana fall for second straight month
Meanwhile, the Builders Association of Greater Indianapolis this week welcomed its first new CEO in 29 years.
Existing-home sales in central Indiana continue to slide
Closed existing-home sales in the 17-county area fell for the third time in four months in February, but sales prices continue to climb.
Developer planning 360-unit apartment complex on west side of Carmel
Edward Rose & Sons wants to build seven apartment buildings and a commercial/retail building at the former site of Resort Condominiums International’s North America office.
MIBOR opposes Fishers plan to cap single-family rentals in city
Chris Pryor, chief advocacy officer for the MIBOR Realtor Association, said organization leadership is concerned that the proposed ordinance would restrict property rights, limit housing options in Fishers and interfere with the free market.
Mortgage rates have declined but could stay at level that makes it tough to afford home
The average rate on a 30-year mortgage in the U.S. has declined six weeks in a row, according to mortgage buyer Freddie Mac.