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Construction and Real Estate

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

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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)

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

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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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