CEDAR LAKE | The recovering housing market and population trends are boosting housing starts in Cedar Lake, town officials said.
The town issued 26 residential real estate permits in the first quarter of 2013, which puts Cedar Lake “ahead of the last four years,” Building Commissioner Jack Slager said.
The average home value per permit was $158,000, an increase over the previous year.
“It’s good to know that Cedar Lake overall had increased (housing value),” Slager said.
The town has not yet issued a commercial real estate building permit this year but received an application for one last week, officials said.
O’Reilly Auto Parts is looking to put in a new building at the site of a former car wash on 133rd Avenue. The car wash already has been torn down in anticipation of new construction.
Growth in Cedar Lake reflects the trend in other communities as the population continues to move south in Lake County, officials said. The trend also reflects new life in Northwest Indiana’s housing market, they said.