Led by the behemoth Blackstone Group, the largest alternative investment company in the world, institutional investors are buying a lot of single-family homes in Charlotte, fixing them up, renting them out and holding onto them to see if they rise in value. One of every five houses sold in May, June and July in the Charlotte market went to big investors, a higher percentage than in any other market but Atlanta.Read More »
The stock market moved sharply lower Friday as investors worked through a mediocre jobs report and monitored the simmering tensions over Syria. After opening slightly higher Friday, stocks quickly lost momentum and turned negative after the first ten minutes of trading.Read More »
The stock market rose Thursday as investors weighed positive economic reports against worries about Syria. The Dow Jones industrial average added 81 points, or 0.6 percent, to 14,906 in midday trading, while the Standard & Poor's 500 index was up 11 points, or 0.7 percent, at 1,646.
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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.Read More »
The recovery hasn’t hit the construction market just yet. A full five years into the Great Recession and construction employment remains below peak levels in all 50 states and the District of Columbia, according to a new analysis by the Associated General ...Read More »
Costs for construction materials for U.S. contractors fell in December. Prices declined 0.2 percent but climbed 5.3 percent from December of 2010, according to an analysis of producer price index figures released last week by the Associated General Contractors of ...Read More »
During the recent Great Recession, every sector of the architecture business hit rock bottom. But now, as some faint glimmerings of recovery are beginning to appear, not all firms are equally participating in the uptick. Some companies are adding employees. ...Read More »