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Editorial Results (free)

1. Builders Start, Sell Fewer Memphis-Area Homes in May -

Hampered by a severe lot shortage, homebuilding activity in Memphis and Shelby County slowed considerably in May, with builders starting and selling fewer new homes than last year.

Builders filed 67 permits in May, down 17.3 percent from 81 permits filed in May 2014, according to real estate information company Chandler Reports. Builders sold 58 new homes in May, down 23.6 percent from 76 new homes sold last year.

2. 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.

3. 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.

4. Lot Shortage Challenge to Builders -

Memphis-area homebuilders are facing a host of issues – rising materials costs, increased labor costs and regulatory issues – that could act as a drag on the industry.

But the shrinking number of available lots might be the industry’s biggest challenge.

5. Archived Article: Real Briefs - Don Berge, president of MarketGraphics of Memphis, will lead todays general membership meeting of the Memphis Area Home Build Don Berge, MarketGraphics of Memphis president, will lead todays Memphis Area Home Builders Association general membership ...

6. Archived Article: Real Briefs - In Freddie Mac's Primary Mortgage Market Survey, the 30-year fixed-rate mortgage (FRM) averaged 7 Don Berge, president of MarketGraphics of Memphis, will lead the March 26 general membership meeting of the Memphis Area Home Builders Association, 776...