Discover and read the best of Twitter Threads about #Indianapolis

Most recents (7)

Analyzing June new home sales & pricing figures from our monthly builder survey. As one builder noted: “It’s not fun to be a builder anymore.” Lumber relief is nice but pick your poison on other issues. Market commentary from across the country to follow...
#Richmond builder: “It's not fun to be a builder anymore. Cost pressure is killing us. Not only will builders like myself who take 12-24 months to build a house lose margin from increases, but the affordability is becoming a major issue.”
#Atlanta builder: “Costs have driven up prices & we’re no longer preselling. We will not sell a home until frame stage, so our sales numbers are off for June while awaiting framing stage.”
Read 26 tweets
Here's a housing🧵to chew on over weekend. Mid-June update from 100+home builders across country. 1) rumblings of price ceiling. 2) slightly shrinking pool of qualified buyers. 3) some home releases not selling out immediately. 4) normal summer slowing as vacations take priority.
#Austin builder: “Some interest lists are shrinking & others are not. Seeing buyers who are no longer able or willing to afford the monthly payment. Definitely seeing attrition here. Frustration that prices continued going up without an opportunity to purchase.”
#Dallas builder: “Interest lists are definitely shrinking because of pricing. Some drop off is happening due to price. But the re-sale market is still so tight it hasn’t dropped substantially. Extremely concerned about pricing going forward.”
Read 31 tweets
Here's May mid-month home builder channel check I hinted at earlier. Builders are pushing prices w/little pushback, though some starting. Some builders are using price escalators & highest/best offer. Many limiting pre-sales, shifting to spec, & pricing home later in build cycle.
#Dallas builder: “Not selling build jobs in May, starting specs only, and not selling until drywall. Costs are too out of control for us to take the inflation risk on build jobs. So sales are way down.”
#SanAntonio builder: “Only selling specs at Sheetrock stage. Last month, it was frame stage.”
Read 28 tweets
Day 3 of my ride from Chicago to the nearest Waffle House in Avon, IN, outside of Indianapolis. After a good night’s sleep at this cheap motel in northeast West Lafayette, home of Purdue, I’ve got 69 miles to WH, 82 to my hotel near the circle in downtown Indy.
Downtown West Lafayette.
A nice concrete protected bike lane on State Street by Von’s Books. West Lafayette is a @BikeLeague-designated Bike Friendly Community.
Read 36 tweets
Some interesting housing color from mid-April around the country home builder channel check. Bunch of market commentary to follow...will try to hit most top markets.
#SaltLakeCity home builder mid-April color: “Still have 10x buyers to available homes to buy. Went to 'highest/ best' offer system March 1st & offers over asking price are shocking. Most offers are 10+% over ask, that's after raised base prices $10K to $20K+ with each release.”
#Austin home builder mid-April color: “Super high demand. Volume controlled with release process, otherwise would be unbearable. Some price increases are $100K between releases.”
Read 28 tweets
Just talked to my Granthi Aunty who works at the #FedEx #Indianapolis.
This happened in front of her eyes. The mass murderer Brandon came to the gate where temp workers get their checks on Friday night & started shooting in every direction. 1/5
He chose that time because he knew people will be near the gate getting their checks.

She assumed that the police came late because they were scared of the murderer. 2/5

They were made to wait outside in the cold for too long before they were allowed to go home. (Her words "kulfi Jam gayi") 3/5

Read 6 tweets
🚨BREAKING:📜'Multiple victims' reported after report of shots fired at FedEx facility in Indianapolis…
Police Arriving On The Scene At The Fed Ex Facility Near The Indianapolis International Airport

#Indianapolis | #Indiana

Witness Heard Several Gun Shots Before Seeing A Body On The Floor
#Indianapolis | #Indiana
Read 5 tweets

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