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Staking the ground: Toll Brothers and Ryland increase market share; Meritage moves in (access required)

Staking the ground: Toll Brothers and Ryland increase market share; Meritage moves in <span class="dmcss_key_icon"><img alt="(access required)" src="/files/2013/10/lock1.png" border=0/></span>

Goldman Sachs, the global investment banking firm, put out a report naming Charlotte and Jacksonville, Fla., as the two hottest new housing markets in the country, based on population growth, cheap land and economic fundamentals. And in the post-recession, still-recovering era, Goldman picked three national production homebuilders as good stock investments, predicting they would grow in value by as much as 24 percent this year. Two of them have been charging into the Charlotte market in major ways since the market bottomed out in 2010: Toll Brothers Ryland Group.

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Stronger economic reports push stock market higher (access required)

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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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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Lights! Camera! Eastland? City Council starts negotiations with movie studio developer (access required)

Lights! Camera! Eastland? City Council starts negotiations with movie studio developer <span class="dmcss_key_icon"><img alt="(access required)" src="/files/2013/10/lock1.png" border=0/></span>

CHARLOTTE – The City Council voted unanimously Monday night to begin negotiations with a movie studio developer to redevelop Eastland Mall. Studio Charlotte Development, led by CEO Bert Hesse, has emerged as the city’s preliminary choice for the redevelopment, even if the choice was more by default.

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REBOOT 2.0: Permits up $212.9M in 20 dark days (access required)

REBOOT 2.0: Permits up $212.9M in 20 dark days <span class="dmcss_key_icon"><img alt="(access required)" src="/files/2013/10/lock1.png" border=0/></span>

The computer system went down again, and the economy stayed down again, but the value of Mecklenburg County building permits surged by $212.9 million during a 20-day period that ended Thursday. That was nearly double the value of permits issued in previous 20 days, and nearly double the same 20 days last year.

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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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Act II, Scene I: City expected to start negotiating with film studio over development at abandoned mall (access required)

Act II, Scene I: City expected to start negotiating with film studio over development at abandoned mall <span class="dmcss_key_icon"><img alt="(access required)" src="/files/2013/10/lock1.png" border=0/></span>

The city’s Economic Development Committee last week made a decision that increased the likelihood of an ambitious $300 million film studio being built on the East Side. The committee, which includes Mayor Pro Tem Patrick Cannon and City Council members Warren Cooksey, David Howard, LaWana Mayfield, and James Mitchell, will recommend on Aug. 26 that the full City Council vote to enter into a memorandum of understanding with Studio Charlotte Development, starting exclusive negotiations with the company.

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