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Editorial Results (free)

1. Slow Job Growth Yields Dip in New-Home Permits -

Shelby County homebuilding activity continued to cool off in November, with builders filing fewer permits and selling fewer new homes compared to the same month a year ago.

Homebuilders pulled 58 permits in November, down 23.6 percent from 76 permits filed in November 2012, according to real estate information company Chandler Reports, www.chandlerreports.com.

2. Shelby County Housing Permits Drop 14 Percent in Quarter -

Shelby County’s homebuilding industry showed signs of cooling in the third quarter, with builders pulling 14 percent fewer permits than in the same period a year ago.

Builders filed 197 permits in Shelby County in the third quarter, compared with 229 permits in third quarter 2012, according to real estate information company Chandler Reports, www.chandlerreports.com.

3. Building Permit Activity Cools in July -

Shelby County home building activity cooled in July, with builders pulling fewer permits and selling fewer new homes compared to July 2012.

Homebuilders pulled 77 permits in July, down 6.1 percent from 82 permits filed in July 2012, according to real estate information company Chandler Reports, www.chandlerreports.com. The average permit in July measured 2,958 square feet and $225,199 compared to 3,080 and $229,633 in July 2012.

4. Improving Real Estate Metrics Offer Hope -

The 2013 countywide reappraisal resulted in a historic drop in property values, but improving real estate metrics are providing a glimmer of hope for the local economy.

That was the message industry professionals heard Thursday, July 25, at real estate information company Chandler Reports’ 2013 Mid-Year Master Your Market seminar at the Memphis Marriott East.

5. ‘Transition Period’ -

The number of permits pulled by homebuilders in the second quarter was flat with the same period last year. Shelby County homebuilders filed 269 permits during the second quarter of 2013, the exact same number they filed in the second quarter last year, according to real estate information company Chandler Reports, www.chandlerreports.com.

6. Cost Increase -

New housing permits were unchanged in January year over year, but pricing saw a healthy increase.

Shelby County homebuilders filed 50 permits last month, the same amount filed in January 2012, according to real estate information company Chandler Reports, www.chandlerreports.com.

7. Caylor to Lead Home Builders Through Changing Times -

Don Caylor has been in the construction business for more than three decades and has been a member of the Memphis Area Home Builders Association for just as long.

He started Summerset Homes Inc. with his brother Bob Caylor in 1982, back when out-of-the-office messages were relayed through pink “while you were out” notepads and nearby dime-operated payphones were the main source of contact while out on the job.

8. 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.

9. Material Costs Shift With Weaker Demand -

The federal first-time buyer tax credit that prompted an increase in home sales – and to a lesser extent, new home construction – earlier this year had a similar impact on the price of building materials.

10. MAHBA Begins Search for New Headquarters -

The leadership of the Memphis Area Home Builders Association has tapped a 14-member committee to help the homebuilding trade association find a new office location.

Don Caylor of Summerset Homes is chairing the group. It’s sifting through such factors as deciding how much space will be needed and looking at membership growth to determine whether staying closer to Memphis’ core or going elsewhere within the group’s geography (which includes Fayette and Tipton counties) is the better option.

11. 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.

12. Archived Article: Bcm Builds - Citing traffic concerns and space, an engineering firm is moving east Companies expanding on Cordova Station By KATHLEEN BURT The Daily News Two companies are building new office space on Cordova Station Avenue just off Germantown and Macon roads. B...