LANCASTER, S.C. – The Lancaster County Council this week voted to approve the first of three required readings of a rezoning ordinance that would pave the way for Matthews-based Bonterra Builders to develop the Reserve at Barber Rock single-family subdivision. ...

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Many housing markets nationwide have returned to normal levels of activity. Markets in 56 out of the approximately 350 metro areas nationwide returned to or exceeded their last normal levels of economic and housing activity in January, according to the ...

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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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Retail follows rooftops. It’s the old real estate adage explaining how commercial development responds to residential development. So the recent growth in homebuilding and homebuying in the Charlotte market – which is expected to continue into 2014 – will likely be accompanied by increased commercial development over the next two years, even if developers are still cautious about the overall economy.

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M/I Homes Charlotte is on a self-developing rampage. The local division of the Columbus, Ohio-based homebuilding giant just closed on a deal to purchase 225 acres of raw land in Harrisburg to develop and build a 297-home subdivision named Blume, according to Tamara Lynch, M/I Charlotte vice president for sales and marketing.

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The plan goes like this: Let another homebuilding/development company do the local-government legwork, buy the property pre-entitled. Then, as another homebuilder/developer, put in the infrastructure, develop the lots and build the houses yourself.

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REITs are having new, single-family homes built, largely in stalled subdivisions, with the express purpose of renting them to the growing market of people who want to live in houses but can’t afford the down payments or qualify for loans.

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New home starts in Mecklenburg County for 2013 continued their surge in March, as did new home prices. As of March 31, the county had issued 834 building permits for the benchmark detached single-family home. That’s up nearly 33 percent over the first three months of last year, according to an analysis of county records.

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“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.

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According to just-released, year-to-date data compiled by the Home Builders Association of Charlotte, Mecklenburg County had issued 1,911 building permits worth $300.5 million as of Oct. 31 for the benchmark single-family detached house.

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