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US construction spending up 1 percent in November (access required)

WASHINGTON  — U.S. construction spending rose in November at the strongest pace in more than four years, driven by solid gains in home construction and commercial projects. The Commerce Department said construction spending increased 1 percent in November to a ...

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Annual housing production rate tops 1 million (access required)

Strong increases in both single-family and multifamily starts raised our nationwide housing production 22.7 percent to a seasonally adjusted annual rate of 1.09 million in November, according to figures released by the Department of Housing and Urban Development and the ...

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Middle class morass (access required)

Middle class morass <span class="dmcss_key_icon"><img alt="(access required)" src="/files/2013/10/lock1.png" border=0/></span>

While the Charlotte real estate market remains affordable relative to many other U.S. markets, there is growing evidence that many middle class, professional families cannot afford to buy a home.

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Mortgage payments took a larger chunk of families’ income in August (access required)

Mortgage payments took a larger chunk of families’ income in August <span class="dmcss_key_icon"><img alt="(access required)" src="/files/2013/10/lock1.png" border=0/></span>

Rising sales prices and interest rates for mortgages made the purchase of a single-family home more expensive in August 2013, according to new research from the National Association of Realtors.

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13 to Watch in ’13: Rick Judson, president of the National Association of Home Builders (access required)

13 to Watch in ’13: Rick Judson, president of the National Association of Home Builders <span class="dmcss_key_icon"><img alt="(access required)" src="/files/2013/10/lock1.png" border=0/></span>

(Part seven in a 13-part series) The homebuilding industry will be watching Rick Judson this year because Judson will spend the year watching over the homebuilding industry. Judson, 63, is the 2013 president of the National Home Builders Association, a nonprofit lobbying and advocacy organization with a $70 million annual budget and 150,000 members from throughout the residential construction and related industries.

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On the Level: Rick Judson, principal manager of Evergreen Group and 2013 NAHB president (access required)

Rick Judson is no longer simply principal manager of Evergreen Group. Starting in January, he'll also be the president of the D.C.-based National Association of Home Builders, the first builder from Charlotte to occupy the office and only the third from North Carolina.

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Bargainers agree to 
raise size of FHA-
backed loans

WASHINGTON — Congressional bargainers have agreed to increase the size of mortgages insured by the Federal Housing Administration in a compromise being hailed by the housing industry but criticized by conservatives. Under the deal by House and Senate negotiators, the ...

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