New home starts reach record


Carmel continues its strong rebound from the housing crisis, with more than 50 new home starts this year, according to building permit records.

The number is a significant jump from the same time in 2012, which is extremely good news for homebuilders. The 353 single-family new homes built last year was the most since the recession hit five years ago and was nearly double the number of homes built in 2009.

“This is the eighth-straight month where we have seen an increase in permits in a year-over-year percent comparison,” Steve Lains, CEO, of the Builders Association of Greater Indianapolis, stated in a recent news release.

Builders are optimistic the trend will continue this year, but worry about labor shortages and increases in building material costs.

Commercial and mixed-use construction also is experiencing a building boom. Work on two new buildings in City Center will likely begin in May.

The Mezz on 3rd and the Mezz on the Monon will house 44 apartments, 8,000 square feet of office space and 4,000 square feet of “amenity” space. Anderson Birkla will move its headquarters to the Mezz on 3rd building when construction is completed at some point in 2014.

A phone call to Anderson Birkla’s David Anderson was not returned.

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