Housing downturn leaves some West Lafayette annexed areas nearly empty

(Lafayette) Journal and Courier

Sunday, March 2, 2008 7:40 AM

By MICHAEL MALIK, Journal & Courier
mmalik@journalandcourier.com

David Foster doesn't mind that there aren't more houses being built near him in Prophets Ridge subdivision on West Lafayette's north side.

Foster, a retired real estate broker, moved there because he got "an extremely good deal" on his home.

A downturn in the home construction industry is causing newly annexed areas of West Lafayette to fill in more slowly than was anticipated when the city annexed the territory in August 2006.

Allen County new home permits dive in January 2008
New-housing slump could linger through 2009 in Elkhart County
Housing sales in Northwest Indiana see 30% dip in January 2008
Home sales drop 26 percent in Vanderburgh County for January 2007
New home construction falls dramatically in southwest central Indiana
Allen County's housing slip for February 2008 hits Parade of Homes
Slide in Indianapolis area home sales stops in February 2008
Tippecanoe County foreclosures outpacing new homes
Housing sales lower in Grant County, but not as low as national average

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Editor, John C. DePrez Jr.; Executive Editor, Carol Rogers; Publishers: IBRC and IAR

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