Indianapolis New Homes

Find out what is going on in the world of Indianapolis new homes.

This category currently has 9 blog entries.

Thu, Jan 24, 2008

Indianapolis New Home Permits Do... by Mike Taylor

New home permits were down 23% in 2007 in the greater Indianapolis area!!!  Believe it or not this GREAT news for the general Indianapolis real estate market.  It means Indianapolis new home builders have started coming to their senses and building homes at much more reasonable and sustainable level.  It is my belief that new home builders are major reason we are where are today in the housing market. Overbuilding, keeping too many spec homes, then slashing prices to get from under them has only served to help usher in the housing slump we are seeing.  This downturn in permits represents hope for us and will with any luck they will emerge as much more sane and healthy new home industry.    Below is a table from the Builder...

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