New-home applications in central Indiana see May surge
Single-family building permits in the nine-county area have increased in three of the first five months of 2025 on a year-over-year basis.
Residential Real Estate
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Property tax case argued before Indiana Supreme Court has major implications
Local governments could lose significant property tax revenue under a case heard by the Indiana Supreme Court on Thursday about how much land falls under the state’s 1% tax cap for homesteads.
Existing-home sales in central Indiana tick up after 4 months of declines
The median sales price for a home in the area rose 1.4% in May, while the active inventory of homes climbed 20.5% on a year-over-year increase.
Epcon Communities planning 362-home development in Zionsville
The Courtyards of Heritage Trail would be Epcon’s eighth and largest Courtyard community in the metropolitan area.
Local developer plans 170 apartments on Marion County’s southern border
The rents are expected to come in below market rate and fall into a category often called workforce housing—prices that exceed certain lower-income thresholds but are still reasonable for those living and working in the area.
Home developer Onyx+East planning 125 houses along Monon Trail in Westfield
Nearby residents at Chatham Hills have started a petition opposing the development. They argue the project would be incompatible with neighborhood character, overburden infrastructure on 199th Street and harm the Monon Trail and surrounding green space.
Compass files lawsuit against Zillow over private home listings policy
Compass alleges that the ‘Zillow Ban’ was enacted to prevent rivals from competing against it and reduces homeowner choice.
INHP secures more than $12M for affordable housing efforts in Indianapolis
Most of that funding—$10.8 million—comes to the Indianapolis Neighborhood Housing Partnership in the form of loans from five Indiana-based banks.
Housing advocates ask Braun for dedicated task force in letter signed by nearly 700 supporters
Community economic development group Prosperity Indiana said the state has only 38 affordable rental homes available for every 100 extremely low-income Hoosier households.
IBJ Podcast: CEO of fast-growing Indy housing developer on urban and suburban markets, being ‘a joiner’
Kelli Lawrence of Onyx + East discuss quadrupling revenue in five years, the economics of developing and pricing the firm’s projects and being the only woman in the room early in her career.
Hoosier homeowners have seen 16% rise in insurance premiums over past 3 years, report says
One in every 54 policies, or 1.8%, were canceled due to nonpayment in 2022, according to the center’s analysis of Federal Insurance Office data.
Indiana-based Hallmark Home Mortgage to be acquired
One of the nation’s largest mortgage lenders is purchasing Hallmark, which has branches in Indianapolis, Brownsburg, Plainfield and elsewhere in Indiana.
Noblesville City Council OKs 320 new houses in pair of west-side developments
M/I Homes of Indiana plans to build subdivisions called MontClaire and Bending Branch of Noblesville.
Developer plans mixed-use revamp of block cater-corner to Children’s Museum
Indianapolis-based New City Development is planning apartments, townhomes, a nonprofit headquarters and retail space to accompany the 190,000-square-foot office building already on the property.
Carmel City Council passes single-family rental cap ordinance
The plan will cap the percentage of single-family rental houses and create a registration program for landlords.
Plan for $100M project in downtown Westfield calls for apartments, retail and office space
The Westfield Advisory Plan Commission is scheduled to hold a public hearing about the Jersey 32 project on June 2.
Homeowners spending on renovations, repairs despite uncertain economy, higher prices
Many homeowners have opted to to invest in sprucing up their home rather than sell and take on a mortgage with a sharply higher interest rate.
New-home applications in central Indiana show April surge
After a slow start to the year, central Indiana builders saw filings for new homes jump last month.
Developer planning 262-unit apartment complex in Whitestown
Mills on Main would include 10 three-story apartment buildings, six one-story garages, one 3,250-square-foot amenity building and outdoor pickleball courts.
Home Depot says it doesn’t expect to boost prices because of tariffs
During the first quarter, Home Depot’s revenue climbed as customers spent slightly more on smaller home projects.