Area residential builders see 14th straight month of falling permits
The local homebuilding industry continued to see a slump in demand for new houses in central Indiana in February.
Residential Real Estate
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Developer looking to build 400-unit apartment complex in Whitestown
The Maddox would include 11 residential buildings on about 33 acres near the intersection of East Whitestown Parkway and Cardinal Lane in Whitestown.
Recent uptick brings some optimism for the residential market
While the volume of sales has fallen off considerably since last year’s red-hot market, the number of days a house stays on the market has dropped in recent weeks—a development that many see as a sign of the market stabilizing.
State’s poorest renters hurt most by affordable housing shortage, report says
Sixty-one percent of Hoosiers in extremely low-income households can’t find an affordable rental, instead spending more than half of their income on housing with little left for food or other necessities, according to a newly released analysis.
Former coal executive’s Evansville mansion has a diamond-like sheen
Steve Chancellor, a well-known Republican donor and coal company executive, has welcomed many of the GOP’s elite to the 33,547-square-foot mansion since it was built in 1997. Now he’s put his palatial home on the market for $8.5 million.
IBJ Podcast: Are apartments the future of downtown Indianapolis?
Joining the podcast this week are apartment market specialist George Tikijian, real estate developer Eric Gershman and Deputy Mayor Scarlett Andrews.
Sales of existing homes still slumping in central Indiana
Residential real estate sales in the 16-county area have fallen on a year-over-year basis for the past 13 months and have seen double-digit percentage decreases for eight straight months.
Multifamily projects lead to bigger-than-expected surge in residential construction
The pickup points to signs of budding optimism that the worst of the housing rout may be near.
Housing not-for-profits relocating to downtown Indy office building
The building was purchased from former occupant Girls Inc. by an affiliate of Merchants Bank for $3.1 million in May.
CVS Health puts $10M behind Indy supportive housing project
The $10 million infusion will help create a 48-unit affordable apartment complex for low-income families and homeless young adults on the near-east side called St. Lucas Lofts.
Area residential builders get off to slow start in 2023
Filings for single-family building permits in central Indiana have fallen on a year-over-year basis for the past 13 months and in 16 of the past 18 months.
Fishers looks to lower bar for HOAs to make changes
The Fishers City Council is considering an ordinance that would make it easier for new homeowners associations in the city to make changes to covenants and restrictions.
Epcon Communities planning 150-home development in Zionsville
The Courtyards of Russell Oaks would be built on 97 acres along Russell Lake and be targeted at empty-nesters.
Sales of existing homes sink 31% in central Indiana
Despite the decline in sales, median prices for homes sold in the 16-county area rose 11% in January on a year-over-year basis, according to the latest monthly data from the MIBOR Realtor Association.
Apartment growth supports surge in downtown Indianapolis living
Nearly 29,000 residents now live downtown, up from about 15,000 in 2010. It’s a number that has been growing as developers continue to add apartment and condo units in the Mile Square and downtown neighborhoods.
FBI searching Pence home as part of classified documents probe
The search Friday was described as consensual and came after an extensive back-and-forth between former Vice President Mike Pence’s legal team and the FBI.
All-cash home purchases on the increase nationwide
The share of homes bought without mortgages in the United States is now at levels not seen since 2014, when the housing market was on the rebound after the foreclosure crisis and the Great Recession.
Indiana residential property tax relief bill draws opposition from schools, local officials
Taxable residential assessed values shot up 15% in Indiana from 2021 to 2022—even after tax abatements, deductions and credits—according to data from the Association of Indiana Counties.
Bad-landlords measure gets unanimous Senate committee support
A measure allowing utility companies to ask courts to appoint receivers over certain landlords behind on their utility bills passed unanimously out of an Indiana Senate committee Thursday.
Lawmakers move revolving fund for housing forward without price tag
Lawmakers opted not the include an explicit price tag for a program designed to incentivize affordable housing construction throughout the state before passing the bill through the House Ways and Means Committee on Wednesday.