“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.
Some Charlotte-area construction companies say that the uptick in business is coinciding with increased costs to build. Materials prices and costs from subcontractors, who are busier, have been rising, they say.
Alan Banks looks back at 2006 fondly. A principal at Evans Coghill Homes in Charlotte, Banks said the company’s business has been nearly cut in half since a peak in 2006, when it built about 25 homes. This year, ECH plans to build only 13 homes with an average price of $400,000, which is about [...]