Thursday, February 19, 2009
Builder, in conjunction with Hanley Wood Market Intelligence, debuts its metric for determining markets with the best and least potential.
8. Indianapolis, Ind.
2008 total building permits: 7,004
Builders are still pulling permits at a relatively healthy rate in Indianapolis, despite a virtually flat job market. Unlike other major markets that have become multifamily-oriented, single family still accounts for two-thirds of home building activity. Ultra-affordable housing accounts for some of the activity—the median price of a home here is only $117,900, making it one of the most affordable markets in the country. As a result, home prices have declined only 4.5 percent in the last year. At the top of the market in 2005, builders in Indianapolis took down 15,619 permits, so activity is down 55 percent, slightly better than the national average. Unfortunately, the relative health of the market wasn’t enough to keep Davis Homes, one of the area’s largest private builders, from going out of business last year.
Friday, February 13, 2009
Here's an aerial photo of beautiful Klinger Lake, near Sturgis Michigan. Less than a 3 hour drive from Indy. It features spring fed crystal clear water on 850 acres, which is big enough that us old guys have a hard time skiing even half way around it.
Thursday, February 05, 2009
And here's the perfect cottage being built on Klinger Lake, just for you to start enjoying in the Spring of 2009! Built with quality and plenty of room for family and guests, the cottage features 5 bedrooms with the master on the main floor/a big open Family Room/Eating Area/Kitchen with a $1,000,000 view of Klinger Lake! Call or email Tom McHaffie for details (317-848-7003, firstname.lastname@example.org)