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Homebuilding in central Indiana continues to crater as interest rate rise – Indianapolis Business Journal

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Homebuilding in central Indiana continues to crater as interest rate rise – Indianapolis Business Journal


Native architectural guidelines for new-home building and impression charges are two areas the duty power is prone to scrutinize. Builders say these elements usually add hundreds of {dollars} to building prices. (IBJ photograph/Eric Discovered)

Homebuilding exercise in central Indiana continued to gradual final month as rates of interest rose, in keeping with the Builders Affiliation of Better Indianapolis.

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Builders within the nine-county Indianapolis space filed solely 457 single-family constructing permits in October, down a whopping 46% from 845 in the identical month of 2021.

Allow filings have fallen on a year-over-year foundation for the previous 10 months and in 13 of the previous 15 months. However October’s year-over-year lower was by far the most important in any month this yr.

Builders have filed 7,250 permits in the course of the first 10 months of 2022, an 18% lower from the identical interval a yr in the past.

Rising mortgage charges, supply-chain points, growing prices and restricted lot availability are hampering the market, in keeping with business consultants.

For the week ended Nov. 17, 2022, the rate of interest for a 30-year fixed-rate mortgage was 6.61%, in keeping with Freddie Mac. For the week ended Nov. 18, 2021, the rate of interest for a 30-year fixed-rate mortgage was 3.1%.

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Steve Lains, CEO of BAGI, characterised the slowdown as “not stunning or discouraging.”

“Mortgage charges have been unusually low these previous few years, so a shift again to six or 7 % charges has led to a slowdown, or fairly a return to normalcy, available in the market,” Lains stated in a media launch.

The group predicted a lower in gross sales in its State of the Trade letter in August. Based on the letter, builders are ready to see building residence gross sales gradual by 25% by way of 2023. 

County numbers

– After a slight rebound in September, Marion County noticed single-family constructing allow filings drop in October from 127 in 2021 to 83 this yr—a year-over yr drop of 35%. on a year-over-year foundation. Filings within the county are down 1% for the primary 10 months of the yr, to 1,147.

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– Hamilton County, sometimes the busiest space county for residence building, noticed filings sink 32% in October, from 200 to 137. Yr-to-date filings are down 24% within the county, to 2,186.

– Hendricks County’s numbers fell 53% final month, to 53.

– Hancock County noticed October permits decline 67%, to 38.

– Johnson County skilled a 67% lower in filings final month, to 37.

– Filings fell 43% in Boone County final month, to 45.

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– Madison County filings had been down 58%, to 32.

– Morgan County filings dropped 40%, to 9.

– Shelby County was the only real county within the Indy metro space to see filings rise, leaping from 7 in October 2021 to 23 final month.



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Indianapolis, IN

Colts players and coaches speak on Samson Ebukam's injury

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Colts players and coaches speak on Samson Ebukam's injury


WESTFIELD, Ind. (WISH) — The Colts lost a major contributor to last year’s defense to injury, Samson Ebukam, who suffered a torn Achilles’ at training camp on Sunday.

Ebukam led the team in sacks last season with 9.5.

Colts head coach Shane Steichen talked about Ebukam’s injury on Tuesday after practice.

“That’s a tough break for us,” Steichen said. “I mean, what a great competitor he is. The sacks he had last year, and he was just continuing in the right direction. So, big blow there but guys have got to step up.”

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Fortunately for the Colts, they have a lot of depth at defensive end. Kwity Paye, Dayo Odeyingbo, and Tyquan Lewis combined for 20.5 sacks last season for the Colts. Plus, they drafted Laiatu Latu in the first round of the 2024 NFL Draft.

Ebukam and Latu built a strong bond in the past few months since Latu was drafted.

“That’s my big bro,” Latu said. “So, I was learning a lot from him. He’s been like a big brother to me since I got here, even before. I watch a lot of film on him. He’s just been somebody that I really look up to. So, I really just want to go out here and play for him and be able to do what he does on the field so that it doesn’t feel like we’re missing a link.”

With the loss of Ebukam, Steichen said that the reps are likely going to pick up for the rest of the guys at defensive end. But, he said they’re going to have be smart about it during training camp.

While Latu has been really impressive so far in training camp, Steichen also had great things to say about Lewis for the depth that the Colts have at the position.

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“He’s tremendous for us,” Steichen said. “He’s been here for a while. Just the way he goes about his business every single day, the way he rushes the passer. I mean, he’s a leader in that room for a reason and we’re extremely excited to have him.”

“We still have a lot of great leaders in that room,” Lewis said. “We know that we have a void to fill. He (Ebukam) was our sack leader last year, but we’re going to come in waves. We all stick together as one.”

The Colts return to practice at training camp on Wednesday from 10-11:30 a.m.



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Indianapolis, IN

Indy ambulances now place overdose reversal drug in hands of most vulnerable

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Indy ambulances now place overdose reversal drug in hands of most vulnerable


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INDIANAPOLIS — People who are most vulnerable to a drug overdose will now have medication that saves lives delivered directly to their hands. 

Indianapolis EMS medics responding to an overdose will offer kits to patients, their families, friends or bystanders. The kits include two doses of intranasal naloxone, a resource card with a QR code to the program’s webpage, how to sign up for text alerts about an overdose surge in Marion County and educational materials on recognizing an overdose and administering naloxone.  

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The initiative is part of the “Naloxone Leave Behind” project, in tandem with the Marion County Public Health Department.  

The program’s goal is to reduce overdose deaths in Marion County by delivering the opioid reversal medication naloxone directly to those who are statistically at higher risk of fatally overdosing in the future.  

“Indianapolis EMS stands among those who work on the frontlines of the opioid epidemic in our community, where seconds can mean the difference between life and death,” said Daniel O’Donnell, chief of Indianapolis EMS. “Increased access to naloxone can greatly increase survival chances in overdose situations, which can lead to more people seeking treatment to break the hold that addiction has on so many.”

Most people who fatally overdosed in Marion County in the first half of the year – about 62% −died in a home, according to a new report by the coroner’s office. Fentanyl, a synthetic opioid, continues to rank the most common substance driving up overdose deaths in the Indianapolis metro area.

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Fentanyl, methamphetamine: The Top 5 drugs fueling the overdose crisis in Indianapolis

How to sign up for ‘bad batch,’ overdose surge text alerts 

To receive texts about bad drug batches or overdose spikes in Marion County, text SOAR to 765-358-7627.   

Texts will be sent when a bad drug batch is detected, when a neighborhood sees a spike in overdose or when police conduct a drug seizure in an area — a move that research has shown disrupts the drug supply and increases overdose. The program, called the Community Harm Reduction and Improved Outcomes Team (CHARIOT), is part of the statewide nonprofit Overdose Lifeline, which aims to help individuals impacted by substance-use disorders. The Office of Public Health and Safety has partnered with the organization. 

‘Zombie drug’: The ’emerging threat’ for Indiana

Be in the know: Is your Indy neighborhood at risk for overdose?

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Other ways to get Narcan in Indianapolis

Narcan, the common name brand for naloxone, can be requested through Overdose Lifeline website at overdoselifeline.org. The supplies can be delivered anonymously.  

Contact reporter Sarah Nelson at sarah.nelson@indystar.com



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Indianapolis, IN

‘Supernatural’ convention bringing stars Jensen Ackles, Jared Padalecki and more to Indy

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‘Supernatural’ convention bringing stars Jensen Ackles, Jared Padalecki and more to Indy


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An SPN Family reunion is coming to Indianapolis.

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Creation Entertainment’s “The Road So Far… The Road Ahead” tour is bringing stars of the CW’s “Supernatural” to downtown Indy next month, including Jensen Ackles, Jared Padalecki, Misha Collins, Jeffrey Dean Morgan and more. The weekend-long event includes panels, meet-and-greet opportunities as well as a special event hosted by Collins.

Here’s what you need to know about the event, scheduled for Aug. 23-25.

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Where is the ‘Supernatural’ convention in Indianapolis?

The Marriott Indianapolis Downtown, 350 W. Maryland St. Aug. 23-25.

Lineup includes Jensen Ackles, Jared Padalecki, Misha Collins and more

According to the event’s website, the following stars and special guests are expected to attend the event:

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  • Jensen Ackles (Dean Winchester)
  • Jared Padalecki (Sam Winchester)
  • Misha Collins (Castiel)
  • Jeffrey Dean Morgan (John Winchester)
  • Samantha Smith (Mary Winchester)
  • Ruth Connell (Rowena MacLeod)
  • Rob Benedict (Chuck Shurley)
  • Richard Speight Jr. (Archangel Gabriel)
  • Matt Cohen (young John Winchester, Archangel Michael)
  • Briana Buckmaster (Donna Hanscum)
  • Julian Richings (Death)
  • Kim Rhodes (Sheriff Jody Mills)
  • DJ Qualls (Garth Fitzgerald IV)
  • Osric Chau (Kevin Tran)
  • Adam Rose (TikToker)
  • Jason Manns (musician)

Creation cautions that all guests and scheduling are subject to change.

How much do Supernatural convention tickets cost?

Single-day general admission tickets start at $70 for Friday, $80 for Saturday and $100 for Sunday. A general admission weekend pass is $249.

A variety of weekend packages, with benefits like exclusive panels and autograph opportunities, range in price from $379 to $1,775. For tickets and more information, visit bit.ly/4d8xc16.

‘Supernatural’ meet-and-greets, autographs

Photo opportunities and autographs will be available for purchase with many of the scheduled guests. Here are the prices for photos and autographs with the headlining stars:

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  • Jensen Ackles: Photos $199 / Autographs available for gold and silver weekend patrons only
  • Jared Padalecki: Photos $199 / Autographs $169 (will not be signing for gold and silver patrons)
  • Misha Collins: Photos $149 (Saturday only) and $169 (in costume, Sunday only) / Autographs $119
  • Jeffrey Dean Morgan: Photos $199 / Autographs $169

Interactive opportunities with the featured guests don’t stop there. DJ Qualls will also host a masquerade-themed karaoke night with ticketed pre- and post-events.

For a full list of experiences and prices, visit bit.ly/4d8xc16.

What’s the schedule for the ‘Supernatural’ convention in Indy?

The full schedule has not yet been released as of late July. According to Creation’s website, the final schedule will be released closer to the event.

Misha Collins’ special event at Creation Indianapolis

Collins will host a special, 18+ event on Saturday evening called “It Seemed Like A Good Idea At The Time.” In a June Instagram post, he described it as a one-person show that’s “part memoir, part therapy and part indecent exposure.”

Do I need convention passes for Misha Collins’ show in Indy?

No; this is a separately ticketed event that does not overlap with the convention’s scheduled Saturday night concert. Tickets are priced at $79 for general admission and $139 to $189 for reserved seats. For more information, visit bit.ly/3WfAlFQ.

Things to do in Indianapolis: Our newsletter has the best concerts, art, shows and more — and the stories behind them

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Contact IndyStar pop culture reporter Holly Hays at holly.hays@indystar.com. Follow her on X/Twitter: @hollyvhays.





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