Along with its success, Vermillion occasionally has hit bumps in the road to completion, including a delay in rolling out Phase 3 and some lots that did not sell as quickly as planned. But as the housing market rebounds, the $100 million master-planned development appears to be back.Read More »
Residential Real Estate
If you permit it, they will build. And despite a slow start, Mecklenburg County permitting this year is finally in positive territory compared with the same period in 2012, which opens up the possibility of more construction activity this year than last in the Charlotte market.
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The Charlotte Housing Authority is the city’s public-housing organization responsible for putting roofs over the heads of people who may otherwise have trouble affording a place to live in the city. The thing about putting roofs over heads, though, is that those roofs must be in good condition.
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“Jake is a smart and creative developer, but he’s a catastrophe as a communicator," Cornelius Commissioner David Gilroy said. "He shoots himself in both feet and the side of the head."Read More »
The permits don’t lie: Mecklenburg County homebuilding jumped in 2012 from 2011. But permit figures have a long way to go before returning to prerecession levels.Read More »
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.Read More »
“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.”Read More »