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New home sales fall sharply in Charlotte

12:20 p.m. | New home sales in the eight-county Charlotte area fell 40 percent during the second quarter, compared with last year, as builders continue scaling back amid a severe slump.

TODAY'S NEWS UPDATES

County jobless rate up - 02:35 PM

TOP STORY

CFO Wurtz is leaving Wachovia

The move comes two weeks after Bob Steel was hired as CEO to help restore the struggling bank.

In the first high-profile casualty under the new Wachovia regime, the bank announced Thursday evening that its chief financial officer is leaving.

FROM TODAY'S OBSERVER

Area home sales fall faster than nation's

Buyers wait for better deals as experts wonder when the market will hit bottom.

The Charlotte-area housing slump continues, with second-quarter sales declining more than national rates.
- Viewpoint: Nothing to fear in Charlotte?
Work halts at site of planned
Mint Hill shopping complex

The wait for the anticipated Bridges at Mint Hill shopping complex just got longer.

COPING WITH THE DOWNTURN | More

Valve maker not feeling many money pressures

Two and a half years ago, a Copenhagen, Denmark-based manufacturer opened a North American headquarters in north Charlotte to lay groundwork for what it hoped would be future sales. The payoff for FlowCon International came quicker than expected, thanks to skyrocketing oil prices.

THE CAROLINAS 50

ceos

Highest-paid CEOs in the Carolinas

Doug Smith

Doug Smith

Work started on Selwyn project

Construction is under way on Tranquil Court on Selwyn, a $42 million mixed-use development on Selwyn Avenue in Myers Park.

Melinda Jackson

Gourmet & go: New look of convenience
• Video: Organic fuel in Mooresville

BREAKING BUSINESS NEWS

FDA: Avoid jalapenos from Mexico, not US - 08:15 PM
First ships crawl up Mississippi after spill - 08:00 PM
Mistrial sought in lawsuit over Bratz dolls - 08:00 PM
California bans restaurants from using trans fats - 07:55 PM
GE reorganizes to spur growth, efficiency - 06:38 PM
For the economy, finally some news not half bad - 06:38 PM
Chrysler to get out of leasing business - 06:37 PM
Stocks end higher following economic readings - 06:10 PM

» More

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CAREER ALMANAC

THE NEXT BIG THING

An urban Mooresville's bold new shape

Townhomes, child care center mark the beginning of massive project

Buyers are closing on townhomes, and a child care center is ready to open in about three weeks in Legacy Village, a 28-acre, mixed-use development taking shape in the Mount Mourne community of Mooresville.

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