Developers are lining up in opposition to new storm water requirements they say will dramatically increase the cost of development in the commonwealth, and may even scare off the sort of large companies that could bring thousands of new jobs.
Gray Stettinius.
Homebuilding activity plummets
Homebuilding activity has fallen 30% in the Richmond Metro Area compared to last year. According to Inside Business, a business news weekly in Hampton Roads, the slow-down is more pronounced in single-family housing, where permits for new homes fell from 4,490 through August of 2007, to 3,080 for the same period of 2008, or a… Read more »
Home builders anxiously wait it out
Anyone who has anything to do with putting up a house – electricians, plumbers, flooring contractors, painters – have all reacted to slower demand by cutting capacity. A Q&A with Gray Stettinius, president of the Home Building Association of Richmond. Perhaps no industry in Richmond has slowed down as much as homebuilding. Without more sales,… Read more »