New-Home Permits Double
4/9/2010
FORT WAYNE JOURNAL GAZETTE - Paul Wyche
Builders might be busier, but the homes they're planning are less expensive. That's the tale of the tape for March as developers requested 89 residential construction permits - more than twice the number from a year ago, the Home Builders Association of Fort Wayne reported Thursday. The average home cost, however, is $163,207, which is more than $12,000 less than a year ago. Indiana Builders Association CEO Rick Wajda said the "boost in permits" is attributable to first-time homebuyers taking advantage of the $8,000 federal tax credit. Link
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