Homebuilding, sales hit post-recession high


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Residents bought and builders constructed the most homes in Johnson County in 2013 since before the economic downturn.

Low interest rates on loans, residents who now qualify for mortgages despite bankruptcies during the recession and rental home companies buying hundreds of houses have contributed to the increased home sales and new construction.

In Johnson County, 2,362 homes sold from January to November, an increase in sales of nearly 30 percent compared with all of 2008, according to data from the Metropolitan Indianapolis Board of Realtors. The number of sales for 11 months of 2013 was about 19 percent more than the 1,990 houses sold in all of 2012.

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