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Deconstructing economic theory: Construction activity up in Charlotte despite sluggish economy (access required)

Deconstructing economic theory: Construction activity up in Charlotte despite sluggish economy <span class="dmcss_key_icon"><img alt="(access required)" src="/files/2013/10/lock1.png" border=0/></span>

Traditional economic theory says people follow jobs. In the Queen City over the last four to five years, however, jobs have either decreased or remained relatively stagnant while the city continues to attract migrants, said Bill Graves, assistant professor of economic geography at the University of North Carolina at Charlotte.

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NEWS ANALYSIS: Attorney warns that based on recent ruling, N.C. homeowners unlikely to get money (access required)

NEWS ANALYSIS: Attorney warns that based on recent ruling, N.C. homeowners unlikely to get money <span class="dmcss_key_icon"><img alt="(access required)" src="/files/2013/10/lock1.png" border=0/></span>

A recent, and murky, N.C. Court of Appeals decision that appears to limit 10-year construction warranties to six years has been invoked by a homebuilder’s attorney, who nonetheless has said his client will make the necessary repairs. The key to this little paradox involving a seven-year-old house in Monroe is, apparently, understanding the difference between two legal phrases.

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Deconstructing economic theory (access required)

Traditional economic theory says people follow jobs. In the Queen City over the last four to five years, however, jobs have either decreased or remained relatively stagnant while the city continues to attract migrants, said Bill Graves, assistant professor of economic geography at the University of North Carolina at Charlotte.

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Number of homebuilding permits highest since 2008 (access required)

Number of homebuilding permits highest since 2008 <span class="dmcss_key_icon"><img alt="(access required)" src="/files/2013/10/lock1.png" border=0/></span>

Despite the wettest late spring-early summer in recent memory, the Charlotte-area boomlet in residential construction that started in January continued apace, according to building permit records kept by Mecklenburg County Code Enforcement.

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Supreme Court ruling hobbles government’s ability to impose demands on developers (access required)

Supreme Court ruling hobbles government’s ability to impose demands on developers <span class="dmcss_key_icon"><img alt="(access required)" src="/files/2013/10/lock1.png" border=0/></span>

Land use attorneys across the state are hailing a U.S. Supreme Court ruling that greatly reduces the amount of leverage municipalities can wield in granting developers permits. A 5-4 majority in Koontz v. St. Johns River Water Management District held that the U.S. Constitution’s takings clause not only applies to cases in which a project is approved with “extortionate” conditions, but also to those denied when a developer refuses to agree to the coercive demands of the government.

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A pocket off Little Hope: Subdivision honoring daughter seeks more traditional style (access required)

A pocket off Little Hope: Subdivision honoring daughter seeks more traditional style <span class="dmcss_key_icon"><img alt="(access required)" src="/files/2013/10/lock1.png" border=0/></span>

It would be off Little Hope Road, but developer Matt Ewers has a far sunnier ─ and heartfelt ─ vision for a 15-home pocket subdivision called the Villas at Mattie Rose in the heart of this neighborhood not far from the pricier Dilworth and Myers Park.

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