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Editorial Results (free)

1. Real Estate Experts Look at Impact of North Mississippi -

Six years after the real estate bubble burst nationally, the recovery of the commercial and residential sectors in Memphis is slower than in other parts of the country. But they are recovering on their own new terms, say the incoming president of the Memphis Area Association of Realtors, the president of the West Tennessee Home Builders Association and a mortgage lender.

2. Shelby County Mortgage Market Dips in July -

Kathee Villar, a loan officer with Community Mortgage Corp., has worked for the lender for 23 years, and when you’re in that kind of place for that length of time, certain patterns start to repeat themselves.

3. Home Market Still Facing Obstacles -

After suffering through a brutal slump in the wake of the worst economic downturn in decades, the local real estate industry has slowly merged onto the road to recovery, though a few speed bumps that could slow progress remain.

4. Master Your Market Seminar to Examine Housing Trends -

Real estate industry professionals will have the opportunity this week to learn more about major trends in the local real estate market, including residential and commercial sales, new housing, foreclosures and lending practices.

5. Lot Shortage Poses Next Roadblock -

Local homebuilders say a dearth of developed lots is slowing down the new housing rebound, weighing down an industry still trying to drag itself out of the rubble left by the worst recession in decades.

6. Uphill Climb -

Shelby County’s homebuilding industry is off to a slow start in 2014, with builders filing 16.6 percent fewer permits in the second quarter than in the same three-month period a year ago.

Builders filed 245 permits in Shelby County in the second quarter, compared with 294 permits in the second quarter of 2013, according to real estate information company Chandler Reports, www.chandlerreports.com. Builders filed 191 permits in the first quarter.

7. Building Permits Tumble 38 Percent in May -

Homebuilding activity slowed in May compared to a year ago, with builders filing fewer permits and selling fewer new homes than the same month last year.

Builders pulled 72 permits in Shelby County in May, down 38.4 percent from 117 permits in May 2013, according to real estate information company Chandler Reports, www.chandlerreports.com. The 72 permits filed by builders in May were up slightly from 68 permits filed in April.

8. Shelby County Building Permits Down Slightly in February -

With bitterly cold temperatures lingering over the Memphis area last month, homebuilders pulled slightly fewer housing permits in February when compared to the same month last year.

Shelby County homebuilders filed 67 permits in February, down from 73 permits in February 2013 but up slightly from 64 permits filed in January, according to real estate information company Chandler Reports, www.chandlerreports.com.

9. Lot Dearth Problematic for Builders -

A dwindling supply of developed lots could threaten the nascent local homebuilding rebound, according to homebuilders.

“It’s going to eventually sidetrack the recovery because there’s not enough lots being developed to replace the supply,” said Charles Morgan of Vintage Homes LLC.

10. Cost Crunch -

The aftermath of the housing crash and economic recession produced a roller coaster of changes in construction costs, one with more peaks than valleys.

And local construction industry officials and homebuilders say they’re still struggling with fluctuating prices for materials.

11. New Home Permits See Slight Bump -

Despite bitterly cold temperatures that plagued the Memphis area last month, homebuilders pulled slightly more housing permits in January when compared to the same month last year.

Shelby County homebuilders filed 64 permits in January, up from 57 permits filed in January 2013 and 53 permits in December 2013, according to real estate information company Chandler Reports, www.chandlerreports.com.

12. Building Permits Dip in 2013 -

Last year turned out to be a mixed bag for Shelby County homebuilders, who filed fewer permits in 2013 than they did in 2012 but sold slightly more homes.

Homebuilders filed 860 permits in 2013, down 6.3 percent from 918 permits filed in 2012, but still far above the 700 permits filed in 2011, according to real estate information company Chandler Reports, www.chandlerreports.com.

13. Pioneering Woman -

It was 2004 and Kim Grant Brown had just finished her junior year at the University of Tennessee-Knoxville.

During the break from her studies, Grant Brown, then 20 years old, acquired a loan and built her first house in Arlington.

14. Residential Greening -

There was a time not so long ago when potential homebuyers had to demand energy efficiency in new homes.

Nowadays, green features are more of an expectation than an extra.

“I would venture to say that just about everybody asks about energy efficiency,” said Martha Fondren, director of sales and marketing for Grant & Co. “They may not say it in those words, but they ask us about what kind of furnaces we are using, what kind of faucets, what kind of insulation. What are the standard things that people can expect when they walk in the home in order to save them money on the utility bills because that’s a huge expense.”

15. Homebuilding Permits Rise During May -

May’s new home permit totals saw a significant upswing year over year, and homebuilders attribute the improvement to low inventory levels and low interest rates.

Shelby County homebuilders filed 91 permits in May – a 78 percent increase from the 51 filed during May 2011 – according to real estate information company Chandler Reports, www.chandlerreports.com.

16. ‘New Enthusiasm’ Yields Permit Rise -

While new-home sales remain low, average new-home sales prices are increasing, along with the number of permits and permit amounts.

Shelby County homebuilders filed 75 permits in April – up 36 percent from the 55 filed during April 2011 – according to real estate information company Chandler Reports, www.chandlerreports.com.

17. MC Ionic Solutions US Begins Work on Fite Rd. Site -

2665 Fite Road
Memphis, TN 38127
Permit Amount: $1.3 million

Permit Date: Applied July 2011

18. Grants Buy Lots in Kensington PD -

Three companies related to the Grant family of homebuilders have bought the remaining 105 lots in Arlington’s Kensington Planned Development for a combined $2.6 million from BancorpSouth Bank. Kensington was approved for 109 lots on 45.4 acres.

19. Smaller, Greener Homes New Focus for Builders -

The characteristics, features and sizes of new homes are evolving, according to a recent survey from the National Association of Home Builders that delves into what is anticipated for the industry by the year 2015.

20. Homebuilding Points to Improvement -

Shelby County builders filed 70 permits last month – a 16.7 percent increase from 60 permits in February 2010 – a sign that the market may be able to salvage a decent first quarter.

February’s activity also marked a 191.7 percent leap from January’s showing with 24 permits and an 89.2 percent uptick from December’s 37, according to the latest data from real estate information company Chandler Reports, www.chandlerreports.com.

21. Building Blocks -

Shelby County builders filed 681 new home permits last year, a 13.8 percent increase from 587 permits in 2009 according to the latest data from real estate information company Chandler Reports, www.chandlerreports.com.

22. Taking Care of Business -

A diverse mix of Memphis businesses is defying the odds and finding success spanning multiple family generations. Grant & Co., Champion Awards, Jim’s Place East, Barden Stone and Broadway Pizza are among the Memphis institutions thriving under second- and third-generation ownership and management.

23. Byrnes to Take MAHBA Reins -

Tommy Byrnes of Byrnes Ostner Investments Inc. will serve as 2010 president of the Memphis Area Home Builders Association, the group’s executive director, Don Glays, said this week.

24. Arlington Subdivision Coughs to Life -

After a few years of starts and stops, a host of liens and other financial woes, the Cambridge Manor Planned Development in Arlington is finally getting under way.

Grant & Co. paid almost $1.9 million for all 45 lots of the subdivision’s first phase and plans to bring a model home plus six speculative homes to the development within the next 90 to 100 days, said company president Keith Grant.

25. Friends For Life Seeks New Director -

A local nonprofit organization that provides counseling and other services for people who have tested positive for HIV and AIDS is searching for a new executive director.

Friends For Life Corp.'s most recent executive director, Dr. Ricci Hellman, resigned last month after about two years of service for "personal reasons" and the search is on for someone to fill her shoes.

26. Local Family to Leave Thursday for San Diego Dream Trip -

Seven-year-old Will Pappas had no idea his wish was about to come true.

When he arrived at the Memphis Zoo last Wednesday, he thought his family was just visiting before yet another doctor's appointment.

27. Family Ties: Bartlett subdivision brings together four building companies under the Grant family umbrella -

Lots in
Elpine Gray Estates
Loan Amount: $2.6 million

Loan Date: Jan. 9, 2007

Maturity Date: Jan. 9, 2008