Homebuilders hope new fees yield quicker approvals
The Department of Business and Neighborhood Services will more than double the cost for some permits next year, including those for building a new home or commercial structure in Indianapolis.
Residential Real Estate
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North-side retirement campus plans $102M expansion with new residential units, larger community center
The project is slated to include 69 luxury apartment units, 25 villa-style residences and indoor sports courts for pickleball.
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Q&A: Holladay executive brings brokerage experience to development role
South Bend-based Holladay has several other major projects underway, including Pembroke Place, the redevelopment of the former Angi Inc. headquarters, and the conversion of Circle Tower into a hotel.
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Former IndyCar team owner lists Fishers estate for nearly $12M
The home is the largest ever to be listed on Geist Reservoir, according to Berkshire Hathaway HomeServices Indiana Realty.
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Shelbyville residential construction skyrockets thanks to lower land costs and growing infrastructure
The city now has five developments under construction, in addition to new retail offerings and infrastructure improvements.
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Articles
Carmel family restoring pre-Civil War home once marked for destruction
Matt and Erin Uber are restoring Carmel’s second-oldest house, the Wilkinson-Hull House—built in 1834 as a log cabin and expanded in 1853 with a brick, two-story Greek Revival-style addition.
Median first-time homebuyer age reaches record high of 40
The National Association of Realtors’ annual profile of buyers and sellers, released Tuesday, portrays a housing market in which younger, cash-strapped Americans are struggling to become homeowners
Zionsville Town Council OKs Henke’s plan for 360-home development
Councilors voted 7-0 in favor of the developer’s plan for Maple Lane Club of Bradley Ridge.
Zionsville Town Council OKs homebuilder’s plan for 342-home development
Members of the Zionsville Town Council voted 6-1 to approve the Courtyards of Heritage Trail by Ohio-based Epcon Communities.
Americans staying put: US home turnover rate at lowest level in decades
The number of U.S. homes that typically change hands as people relocate for work, retire or trade-up for more living space hasn’t been this low in nearly 30 years.
Westfield expecting more large developments after new comprehensive plan
As Westfield’s leaders review a proposal for a “monster” 715-acre residential development, Mayor Scott Willis expects developers to pitch more large, master-planned projects.
New-home applications fall for 2nd month in row in central Indiana
Only three of the area’s nine counties saw increases in filings, including Hamilton County, which broke a six-month streak of declines.
Developer planning 720-acre residential project with 2,300 homes in Westfield
The proposed Ironstone at Hortonville would feature housing, shops, restaurants and recreational amenities in an area just off the city’s current northern boundaries.
Existing-home sales in central Indiana see September slip
Sales of existing homes in central Indiana dipped in September despite big jumps in Hendricks and Hancock counties, according to the latest data from the MIBOR Realtor Association.
Kentucky-based construction wholesaler expanding to Indianapolis
The Lexington-based company will occupy an 83,000-square-foot building on the northwest side of Indianapolis and plans to hire 30 workers over the next six months.
City’s rebranded land bank aims to be more strategic in property redevelopment
Over the past several months, Indianapolis leaders have been staking colorful signs into the yards of city-owned vacant properties in what amounts to a promise to neighbors that they plan to put the properties back on the tax rolls.
Purdue plans to spend $70M for downtown Indianapolis apartment property
The market-rate apartment complex, which is almost fully leased, is a four-story, 400,000-square-foot property that occupies an entire city block.
Noblesville City Council OKs plan for more than 300 new houses
Fishers-based Boomerang Development LLC and the Indianapolis offices of David Weekley Homes and Lennar Homes of Indiana are involved in the project.
FTC sues Zillow, Redfin over deal it says suppressed competition in rental ads
The Federal Trade Commission argues said the companies’ “unlawful scheme” maybe reduce incentives for further competition, and could lead to higher prices and fewer choices for multifamily rental advertising customers.
Profit margin on flipping a home hits 17-year low, report says
A chronic shortage of homes on the market and heightened competition for lower-priced properties are helping drive up investors’ acquisition costs.
New-home applications see sharp August decline in central Indiana
The year-over-year decline in single-family building permits was the first since March in the nine-county area.
Existing-home sales in central Indiana see August jump
Improved mortgage rates and a larger selection of houses on the market led to an increase in home buying in the Indianapolis area last month.
Average rate on 30-year mortgage falls again, dips to lowest level in almost a year
Mortgage rates have been mostly declining since late July amid expectations that Federal Reserve would cut rates for the first time since last year.
Henke Development proposes community with 360 homes in Zionsville
If approved, Maple Lane Club of Bradley Ridge would be Henke Development’s fourth major residential project in Zionsville.