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Real Estate
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REAL DEALS
Real Deals: Housing recovery leads to land squeeze for Wake County schools
While it may surprise some that Wake County schools is again facing the kind of land crisis that surfaced six years ago at the height of the housing bubble, it shouldn't. The Triangle's rapidly improving housing market in recent months has led to the appearance of phenomena not seen in years.
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REAL ESTATE
NC Senate committee votes to roll back building efficiency standards
A legislative effort to slash the state’s energy efficiency requirements for new buildings gained crucial support in a Senate committee Tuesday.
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REAL ESTATE
US homebuilder confidence soars to 7-year high
For the first time in seven years, most U.S. homebuilders are optimistic about home sales, a sign that construction could help drive stronger economic growth in coming months.
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REAL ESTATE
Raleigh-based Stock Building Supply seeks to raise $175 million in IPO
Stock Building Supply, the Raleigh company that sells building materials to the residential construction industry, has filed plans to raise as much as $175 million in an initial public offering of stock.
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REAL DEALS
Real Deals: Lack of financing exacerbates tenants flight to nicer space
While recessions typically cause many tenants to leave older buildings for nicer digs, the flight to quality has been particularly pronounced this time around.
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REAL ESTATE
Triangle home sales surge while inventory levels continue to fall
Triangle home sales jumped 34 percent in May as buyers plowed into a market that continues to offer them little in the way of inventory.
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CHATHAM COUNTY
Pittsboro students build 450-square-foot cottage to promote sustainable living
A 450-square-foot energy efficient cottage built by students at Central Carolina Community College’s Pittsboro campus will go up for auction Friday. The house is designed to promote “green” and sustainable living while the program educates students in “green” ...
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STATE POLITICS
Cap on mortgage deductions is back in House tax bill
One day after the cap had been lifted, House leadership brought it back but it took long and intense negotiations.
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REAL DEALS
Real Deals: Home prices surge despite sluggish wage growth
It can be tantalizing to view the latest home prices data as having the finality of a company’s stock price, with sellers assuming they will now be able to get X percent more for their home. But the reality is more complicated.
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DURHAM COUNTY
Durham City Council rejects 751 South again
By a 4-3 vote that did not come until almost midnight, the Durham City Council denied the 751 South developers’ application for water-sewer service and annexation, despite the prospect of General Assembly action to overrule the city’s decision.




