The county’s homebuilders in November continued their 2012 surge past the previous year’s building permit figures, according to just-released monthly and year-to-date statistics compiled by the Home Builders Association of Charlotte.
“The builders will have to be financially qualified with effective business models and financial discipline," said Bill Bickett, who is spearheading the creation of the Charlotte-based division of the bank. "But smaller builders have had more problems getting financing. We’ll be looking at loans from $2 million to $6 million. That’ll be our sweet spot.”
High-end luxury is what Washington, D.C.-based Fore Properties plans to bring to the university area.
“They ought to change the law that says common sense is not allowed in the town of Cornelius,” developer Jake Palillo said Tuesday.
“I just thought it might be more important to be here than building homes in Charlotte,” Alan Banks said by cellphone Thursday from a Hurricane Sandy-ravaged New Jersey.
The town of Cornelius planning department is a busy busy place these days, with four new proposed construction projects -- a bank building, a major expansion of an existing car dealership and two new housing developments -- on the books seeking town approval, according to town records.
The Elizabeth Heights homes — which will largely be three-bedroom, 2 1/2-bath houses in the 1,500-square-foot range, according to building permits — will sell for about $110,000 to $130,000, said Don Gately, executive director of Crossroads Corp. for Affordable Housing.
Tamara Lynch, M/I vice president for sales and marketing, who declining to comment on the reasons for the delay, said Monday that her company has decided to take the proposal to commissioners in mid-January.
Kathy Morris and her partners at her new Lake Norman-area residential real estate firm have a rule that might make some scratch their heads in today’s tech-heavy world in which people check their smartphones all day long.
“She came to the realization that our membership used to be baby boomers, but now they are increasingly Gen Xers, they relate and communicate differently," said incoming HBA President Alan Banks. "She’s going to be not more of the same.”