Building permits and new home starts increase in July
A new national report issued by the U.S. Commerce Department found that in July new housing starts increased significantly to an eight-month high, after two months of disappointing results. But […]
Industry insiders on watching the rates rise
The average U.S. rate for the benchmark 30-year home mortgage climbed over the 4.5 percent mark this month for the first time in more than two years.
Meck homebuilding on big upswing in 2013, but lot supply shrinks
“New-home sales are way up, so much so that we’re selling off our inventories, which are still historically below accepted equilibrium levels,” said Alan Banks, president of the Home Builders Association of Charlotte.
Lending a hand: Bank opens Charlotte operation, targets homebuilders
“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.”
Two Charlotte homebuilders volunteer in the land of the boarded-up boardwalk
“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.
In the Shadows: Homebuilders say pending foreclosures harming housing recovery
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 […]
Latest News
- Construction employment increases in 223 of 358 metro areas
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- CP Group announces four new leases at Harris Corners in Charlotte
- Developer files plans for 384-acre mixed-use project in Kings Mountain
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- Construction firms add 19,000 jobs in July as sector’s unemployment level hits 3.9 percent
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- U.S. housing market avoids crash, but challenges remain for buyers and sellers
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