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Editorial Results (free)

1. Why Rate Hikes are Good News for Stocks -

NEW YORK (AP) – It's no surprise that the prospect of a Federal Reserve rate hike worries stock investors.

The Fed's unprecedented economic stimulus has in large part driven a surge in stock prices since 2009. The central bank has bought trillions of dollars of bonds and kept short-term interest rates close to zero. That's allowed businesses and consumers to refinance their debt at lower rates, freeing up cash to spend.

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. 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.

4. March Building Permits Drop 35 Percent -

Homebuilding declined significantly in March compared to a year ago, with builders filing 35.2 percent fewer permits than last year.

Builders pulled 57 permits in March, down from 88 permits in March 2013, according to real estate information company Chandler Reports, www.chandlerreports.com. The 57 permits filed by builders in March was down from 67 permits filed in February.

5. Winter Drags Down Q1 Building Permits -

Shelby County’s homebuilding industry, plagued by poor weather early in 2014, got off to a slow start in the first quarter, with builders filing 14.2 percent fewer permits than in the same three-month period a year ago.

6. 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.

7. 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.

8. Wells Joins Evans Petree as Associate -

Julie Wells has joined Evans Petree PC as an associate in the East Memphis office, focusing her practice in health care law and general business matters. She previously worked at Baptist Medical Group, where she played an integral role in physician practice acquisitions and contractual-related matters.

9. 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.

10. 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.

11. 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.

12. Meadows Appointed to State Dentistry Board -

Dr. Dan T. Meadows has been appointed to the Tennessee Board of Dentistry by Gov. Bill Haslam. Meadows, who has a private practice on Walnut Grove Road, will serve as the Rotating Dentist member through June 2016.

13. Shelby County Homebuilding Slows in October -

Shelby County homebuilding activity cooled in October, with builders filing fewer permits and selling fewer new homes compared to October 2012.

Homebuilders pulled 54 permits in October, down 38.6 percent from 88 permits filed in October 2012, according to real estate information company Chandler Reports, www.chandlerreports.com.

14. Sesley-Baymon Named CEO of Memphis Urban League -

Tonja Sesley-Baymon has been appointed president and CEO of the Memphis Urban League by its board of directors. Sesley-Baymon, who has worked with the league for eight years, previously served as programs director for the 70-year-old organization. In her new role, she will provide executive leadership to the league and advocate on behalf of social justice and economic issues affecting Memphis.

15. Suburban Voters Decide School Board Races -

Voters in Shelby County’s six suburban towns and cities elected their respective municipal schools boards Thursday, Nov. 7 with low voter turnouts that reflected that most of the school board positions on the ballots were one-candidate uncontested races.

16. 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.

17. Early Voting Expands in District 91 Primary -

Early voting in the Democratic primary special election for State House District 91 expands Friday, Sept. 27, from the Shelby County Election Commission’s Downtown offices, 157 Poplar Ave., to three satellite locations.

18. Filing Deadline Nears for School Board Races -

It looks as if the prospective candidates in many of the suburban school board races on the Nov. 7 ballot had already decided the winners a day away from the noon, Thursday, Sept. 26, filing deadline for the six sets of races.

19. Shelby County Building Permits ‘Stable’ in August -

Shelby County home building activity was relatively flat in August, with builders pulling slightly more permits while selling fewer new homes compared to August 2012.

Homebuilders pulled 72 permits in August, up 9 percent from 66 permits filed in August 2012, according to real estate information company Chandler Reports, www.chandlerreports.com.

20. 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.

21. Boyle Sells More Lots at Spring Creek Ranch -

After an initial offering went so well earlier this year, a group of area homebuilders has acquired 17 more lots at The Village at Spring Creek Ranch from Boyle Investment Co.

22. ‘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.

23. Boyle Helps Reach Harahan Funding Goal -

The city of Memphis has raised the matching funds to build the “Main to Main Connector” thanks to local donations, the latest of which is $50,000 from Memphis-based Boyle Investment Co.

24. Boyle Donates $50,000 To Main-To-Main Project -

The city of Memphis has raised the matching funds to build the “Main to Main Connector,” the $29.7 million project designed to link Main Street Memphis to Broadway Avenue in West Memphis via a boardwalk for bicyclists and pedestrians on the north side of the Harahan Bridge straddling the Mississippi River.

25. Market Stability -

Home permit activity held stable for the first quarter of this year compared with the same period last year, and local builders expect to see continued gradual improvement through this year and into next.

26. Boyle Celebrates 80 Years, Sponsors Art Exhibit -

Boyle Investment Co. turns 80 this year, and has partnered with the Memphis Brooks Museum of Art to celebrate.

27. Shelby Home Permits Stagnate, Sales Decrease -

New home permits were flat in February compared to the same month last year. 

Shelby County homebuilders filed 70 permits in February averaging 3,142 square feet and $222,975, according to real estate information company Chandler Reports, www.chandlerreports.com. That compared to 72 permits filed in February 2012, averaging 3,520 square feet and $294,109.

28. Builder Permits Rise 10 Percent in November -

The National Association of Homebuilders said Tuesday, Dec. 18, that sentiment across the homebuilding industry rose to its highest level since the middle of 2006.

National housing permits in November posted a 26.8 percent increase from November 2011. And while they’re not up quite that much, local starts are seeing increases as well.

29. Permits Up 89 Percent in October -

Local homebuilders filed 89 percent more new home permits during October compared to October of last year.

Shelby County homebuilders filed 83 permits last month, a healthy boost from the 44 filed during October 2011, according to real estate information company Chandler Reports, www.chandlerreports.com. October permits also posted a 6 percent increase from the 78 permits filed during September.

30. Obama Carries Shelby, Cohen Over Flinn and Two Tax Hikes Defeated -

President Barack Obama carried Shelby County in unofficial Nov. 6 election returns as his Republican challenger Mitt Romney took the state’s 11 electoral votes.

Voter turnout in the most popular election cycle among Shelby County voters was 61.9 percent, about the same percentage as four years ago. But the 371,256 voters is fewer than 2008 when more than 400,000 Shelby County voters cast ballots. The percentage is about the same because there are fewer registered voters in Shelby County than there were four years ago after a purge by election officials.

31. Building Permits Remain Steady in September -

Shelby County homebuilders in September filed 78 permits averaging 3,374 square feet and $263,645, according to real estate information company Chandler Reports, www.chandlerreports.com.

32. Building Permits Show Little Change -

Local homebuilders didn’t change much the amount of new home permits they filed during the third quarter compared with the same period last year.

Shelby County homebuilders filed 218 permits during the quarter (July to September), compared with 216 filed during the same period in 2011, according to real estate information company Chandler Reports, www.chandlerreports.com. Third-quarter permits marked a 12 percent drop from the 249 permits filed during the second quarter of this year.

33. Expectations High for Fed to Announce Major Action -

WASHINGTON (AP) – If the world's investors are right, the Federal Reserve is about to take a bold new step to try to invigorate the U.S. economy.

And many expect the central bank, which began a two-day meeting Wednesday, to unleash its most potent weapon: a third round of bond purchases meant to ease long-term interest rates and spur borrowing and spending. It's called "quantitative easing," or QE.

34. Suburban School Board Races Almost Set -

Races on the Nov. 6 ballot for six sets of suburban school boards took shape Thursday, Aug. 16, at the noon filing deadline for candidate qualifying petitions.

The candidates that made the deadline have another week to withdraw from the races if they wish.

35. Signature’s Marshall Leads Renovation Effort -

When Charles Marshall co-founded Signature Advertising & Marketing Solutions with Mark Henry in 1994, the two were the firm’s only employees.

36. June Permits Up 45 Pct. -

Last month proved to be a positive one for local homebuilding activity, with a 45 percent increase year over year in new home permits.

Shelby County homebuilders in June filed 81 permits averaging 3,154 square feet and $233,996, according to real estate information company Chandler Reports, www.chandlerreports.com.

37. Active Builders -

Local homebuilders filed 54 percent more new home permits during the second quarter compared with the same period last year.

Shelby County homebuilders filed 247 permits during the quarter (April to June), compared with 160 filed during Q2 2011, according to real estate information company Chandler Reports, www.chandlerreports.com.

38. 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.

39. ‘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.

40. March Permits Improve 47 Pct. -

Last month proved to be a positive one for local homebuilding activity, with a 47 percent increase year over year in new home permits.

Shelby County homebuilders in March filed 75 permits averaging 3,224 square feet and $243,143, according to real estate information company Chandler Reports, www.chandlerreports.com.

41. Millington Candidates File for August Election -

The field for Millington mayor in that city’s Aug. 2 nonpartisan general election is three candidates following last week’s filing deadline.

It includes former Mayor Terry Jones, who lost a re-election bid four years ago to Richard Hodges; Kenneth Uselton and Debra Sigee.

42. Cohen-Hart in Congressional Race at Filing Deadline -

The chairman of the countywide school board, Billy Orgel, was effectively elected to his District 7 school board seat without opposition at the Thursday, April 5, filing deadline for candidates on the Aug. 2 primary and general election ballot in Shelby County.

43. Turbo-Traders Take Bank of America for a Ride -

NEW YORK (AP) – On a normal day, 4 billion shares of stock change hands on the New York Stock Exchange. One in 10 belongs to a single company. It's not McDonald's or IBM, both of which have been on a tear.

44. J.C. Penney Gets Rid of Hundreds of Sales -

NEW YORK (AP) – J.C. Penney is permanently marking down all of its merchandise by at least 40 percent so shoppers no longer have to wait for sales to get bargains.

Penney said Wednesday that it is getting rid of the hundreds of sales it offers each year in favor of a simpler approach to pricing. Starting on Feb. 1, the retailer is rolling out an "Every Day" pricing strategy with much fewer sales throughout the year.

45. Permits Remain Flat in 2011 -

Last year’s new home permits filed by local homebuilders were unchanged from the year prior, and inventory continued to deplete due to lack of demand.

Shelby County homebuilders filed 742 permits during 2011, compared to 740 in 2010, according to real estate information company Chandler Reports, www.chandlerreports.com.

46. Vintage Homes Helps Buyers Build Credit -

Vintage Homes LLC created its Home Buyers Connection program two years ago, and the company is forecasting 2012 to be its most successful year yet.

47. Permit Increase Implies ‘False Hope’ -

Local homebuilders filed 75 percent more new home permits during November compared to the same month last year, but there are several underlying factors in those artificially high year-over-year totals.

48. Vintage Homes Named Builder of the Year -

Charles Morgan, president of Memphis-based Vintage Homes LLC, was named 2011 Builder of the Year by the Tennessee Housing Development Agency Monday, Oct. 17, at the Governor’s Housing Summit in Franklin, Tenn.

49. Home Starts Jump 20 Percent -

Local homebuilders filed 20 percent more new home permits during the third quarter compared to last year, giving 2011 its best quarter so far, but experts say there are still obstacles on the horizon.

50. Building Momentum -

Local homebuilders were busy in August, filing more permits than the same month a year ago.

Shelby County homebuilders filed 73 permits last month, a 21.7 percent increase from 60 filed in August 2010 and a 19.7 percent increase from 61 filed in July, according to real estate information company Chandler Reports, www.chandlerreports.com.

51. New-Home Permits Improve 12 Percent -

Local homebuilder permits saw a healthy bump last month, and industry experts said the rest of year looks promising as well.

Shelby County homebuilders filed 61 permits in July, an 11.7 percent increase from 55 filed the same month a year ago and a 35.5 percent increase from 45 filed in June, according to the real estate information company Chandler Reports, www.chandlerreports.com.

52. ‘Worse and Worse’ - Local homebuilders filed 35 percent fewer new home permits for the second quarter compared to last year, and experts say there’s a ways to go before signs of recovery emerge.

Shelby County homebuilders filed 142 permits during Q2 (April to June), down from 220 in Q2 2010, according to real estate information company Chandler Reports, www.chandlerreports.com.

53. Builder Struggles Continue Into Spring -

As permits decline and construction costs rise, local builders urge prospective buyers to act now before the price of new homes continues to climb.

Shelby County builders filed 46 new home permits in April, a 58 percent decrease from 111 permits in April 2010, according to the latest data from real estate information company Chandler Reports, www.chandlerreports.com.

54. March Permits Down Half From Last Year -

Shelby County builders filed 51 new home permits last month, a 51 percent decrease from 104 permits in March 2010 – a dip they attributed to the now-expired homebuyers tax credit.

“Us being down isn’t really a story, it was last year being up was the story because of the tax credit,” said Sean Carlson, principal with Regency Homebuilders LLC. “If the tax credit wasn’t there, there wouldn’t be those jumps in numbers.”

55. Q1 Permits Slip 29 Percent -

For the first time in recent history, homebuilder sales didn’t exceed starts in the first quarter, a sign that demand has caught up with supply.

But both numbers – sales and starts – decreased from the same period a year ago, halting the notion that housing recovery is imminent.

56. CRE Sales Up, Outlook Still Dour -

February’s mixed bag of commercial real estate sales serve as evidence of the sluggish speculative market, which doesn’t appear to be staging a comeback in the foreseeable future.

Shelby County saw 48 CRE sales last month, a 41 percent increase from 34 sales in February 2010, but also a 16 percent decrease from 57 in January, according to the latest information from real estate information company Chandler Reports, www.chandlerreports.com.

57. Builders Struggle to Turn ‘Lookers’ Into Buyers -

While Shelby County builders filed just 24 permits last month – a 41.5 percent decrease from 41 permits in January 2010 – industry professionals are confident the numbers will be corrected by the close of the first quarter as the weather improves.

58. 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.

59. Tenn. Ed. Commission Backs 7 Percent Tuition Hike -

NASHVILLE (AP) – The Tennessee Higher Education Commission voted Thursday to recommend a tuition increase of at least 7 percent at state universities and a minimum of 5 percent at community colleges and technology centers.

60. Building Permits Hold Steady -

Shelby County homebuilders filed 49 permits last month, a 2 percent increase over the same period a year ago, according to real estate information company Chandler Reports.

But that marked 2 percent decrease from the 50 permits filed in September and an 11 percent decrease from 55 permits filed in August. Homebuilders filed 48 permits in October 2009.

61. Constructech Magazine Recognizes Vintage Homes -

Vintage Homes LLC was recently awarded a 2010 Vision Award by Constructech magazine.

The Memphis-based homebuilder received the Gold award in the Builder/GC (General Contractor) Residential $6 million-$25 million category.

62. Low Home Sales Yield Slow Job Growth -

As the unemployment rate for the construction industry climbed to 17.2 percent in September, local construction experts say the residential numbers are a direct reflection of sales activity.

The construction industry lost 21,000 jobs in September, and over the past 12 months, the industry has lost 210,000 jobs, according to the most recent employment report by the U.S. Department of Labor.

63. Homebuilding Shows Slight Improvement -

Memphis area homebuilders agree that business is looking up, but they also agree that a complete recovery will be slow in coming.

Local builders filed 725 permits between September 2009 and August 2010, according to the latest data from real estate information company Chandler Reports, www.chandlerreports.com.

64. Senate Hearings to Probe Chancellor Hiring -

NASHVILLE (AP) – The Senate Education Committee will meet later this month to discuss the composition of the Tennessee Board of Regents and its hiring of the new chancellor.

The Tennessean reports the committee will review Bredesen's appointments to the TBR and a state law that gives them the power to remove appointees.

65. Six Candidates Vie For TBR Chancellorship -

Deputy Gov. John Morgan is one of six candidates vying to become the next chancellor of the Tennessee Board of Regents (TBR).

66. Builders Look to Vesta for Business Boost -

The Memphis Area Home Builders Association gets some much-needed publicity this month with the Vesta Designer Home Showcase, which began over the weekend and runs through July 5.

The home show is being held at Neshoba Grove Subdivision in Germantown, an infill development at the northeast corner of Cordova and Neshoba roads, just west of Germantown Road near the Germantown Performing Arts Centre.

67. Rebounding Activity -

Shelby County homebuilders last month reached triple digits with new home permits for the first time in nearly two years.

But instead of congratulating themselves for the increase in activity, companies are focused now on maintaining momentum and further pulling themselves out of the biggest homebuilding slump in recent memory.

68. Bank of America Taps Ex-Northrop Exec for CFO Post -

CHARLOTTE, N.C. (AP) - Bank of America said Wednesday it named an outsider, former Northrop Grumman executive Charles H. Noski, as its chief financial officer.

Bank of America Corp. was expected to bring in leaders from outside as it tries to improve relations with regulators, handle investigations into the bank's purchase of Merrill Lynch, and restore shareholder morale.

69. Regulators Target Morgan Keegan -

The U.S. Securities and Exchange Commission, the Financial Industry Regulatory Authority and several state agencies have filed actions against Memphis-based Morgan Keegan & Co. Inc. accusing the firm of fraud and misleading investors.

70. Multi-State Proceeding Filed Against Morgan Keegan -

The U.S. Securities and Exchange Commission, the Financial Industry Regulatory Authority and several state agencies have filed actions against Memphis-based Morgan Keegan & Co. Inc. accusing the firm of fraud and misleading investors.

71. Residential Building Sees Uptick in February -

No other industry has been clamoring for spring more than homebuilders.

The horrid weather to start the year has prevented some companies from starting every home they hoped to get into the ground, so the recent rise in mercury has also raised their spirits.

72. Poor January Home Starts Blamed on Inclement Weather -

January’s foul weather wreaked havoc on homebuilders, as the barrage of snow, ice and cold temperatures severely limited the ability to start homes.

Shelby County builders filed just 36 new home permits last month, half of December’s 72, but a slight increase from the January 2009 total of 31, according to the latest data from real estate information company Chandler Reports, www.chandlerreports.com.

73. Q4 Permits Show Improvements -

A familiar trend in the housing industry played out during fourth quarter 2009. Like what happened with home sales and mortgages, building permits enjoyed a rare improvement as the year drew to a close.

74. ’09 Building Permits Tell Scary Tale -

For anyone who thought the homebuilding numbers couldn’t get worse than they did in 2008, that year looks like a housing boom compared to 2009.

Shelby County builders filed just 529 new home permits last year, a 43.7 percent decline from 940 permits in 2008 and a staggering 80 percent decline from 2,643 permits in 2007, according to the latest data from real estate information company Chandler Reports, www.chandlerreports.com.

75. Residential Building Heats Up in November -

Arlington is back in the news, although this time it has nothing to do with Mayor Russell Wiseman posting remarks on his Facebook page about President Obama and “A Charlie Brown Christmas” television special.

76. Housing Slump Makes Self Known In October -

Shelby County homebuilders continue to feel the brunt of the housing slowdown, as October saw builder sales plummet and housing starts reach a seven-month low.

Homebuilders filed just 38 permits for new homes last month, the worst period for starts since the March total of 30. That marked a 9.5 percent decline from 42 starts in October 2008 and a 33.3 percent decline from 57 starts in September, according to the latest from real estate information company Chandler Reports, www.chandlerreports.com.

77. More Building Permits Bode Well for Housing Market -

For the second straight quarter, homebuilders pulled more permits than the previous period, perhaps signaling the beginning of the end for the housing crisis.

Builders started 144 homes during Q3 (July through September), according to the latest data from Chandler Reports, www.chandlerreports.com. That marked a 47.3 percent drop from 273 starts in Q3 2008, but it also marked a slight improvement over 141 permits made during the second quarter of 2009.

78. First Horizon Shuffles Ranks To Guide Growth -

Several top executives of First Tennessee Bank have been moving into new offices over the past few weeks as the 145-year-old company has shuffled its upper ranks and named new heads of important business lines.

79. Morgan, Vintage Homes Stays on Top in Trying Times -

Charles Morgan learned the homebuilding business from the ground up – literally.

The 58-year-old owner of Vintage Homes LLC began a nearly lifelong building career as a young boy working for his father’s framing and foundation subcontracting company. Morgan’s grandfather also worked in the framing and foundation field, so the basics of homebuilding run in his blood.

80. AP Analysis: Banks Added 10,000 Branches in Boom -

DALLAS (AP) - Banks expanded at a breathtaking pace over the past five years, adding more than 10,000 full-service branches, but barely 1 in 10 were in inner-city, minority neighborhoods, another sign the financial spending spree skipped over substantial parts of the country.

81. Local Homebuilding Numbers Still Depressed -

Shelby County homebuilders continue chipping away at inventory by selling more homes than they start, but the industry remains mired in a slump as new home sales and permits hover at record lows.

Homebuilders sold 53 homes in Shelby County in July, a 57.9 percent dip from 126 homes sold in July 2008 and a 34.6 percent dip from 81 homes sold in June, according to the latest data from real estate information company Chandler Reports, www.chandlerreports.com.

82. Fogerty Joins Jackson Lewis In Of Counsel Role -

Whitney King Fogerty has joined Jackson Lewis LLP as of counsel.

Fogerty was previously a shareholder at Ogletree, Deakins, Nash, Smoak & Stewart PC, where she specialized in labor and employment litigation. She has practiced law for 10 years and has been named among Chambers USA’s Leading Lawyers for Business the past two years.

83. Q2 Building Permits Continue Downward Trend -

The homebuilding industry in the mid-2000s distinguished itself through a record-setting pace – each year it seemingly topped the previous one in terms of housing starts.

Now, the converse of that is true as builders consistently set new lows because of the ongoing housing crunch and credit crisis.

84. Building Permit Activity Abysmal in June -

Home permits continued to slide in June, reaching their lowest monthly mark in years as the demand for new housing remained soft and the building industry remained focused on sales.

Builders filed just 17 permits in Shelby County last month, down 77 percent from 74 permits in June 2008 and down 57.5 percent from 40 permits filed in May, according to the latest data from real estate information company Chandler Reports, www.chandlerreports.com.

85. Massey Keeps Tabs on Industrial Incentives -

Joann Massey started her new job just six months ago, but within that short time frame she has been a key player on a team that has made Memphis a better competitor for new jobs.

86. MAHBA Mothballs First-Time Buyer Program -

As if builders didn’t have enough headaches, a new program launched last month by the Memphis Area Home Builders Association to increase home sales had to be scrapped because of a legality.

Don Glays and Stephen Hodgkins, MAHBA executive director and president, respectively, said a program in which the trade association would lend $8,000 of down payment money to homebuyers and recoup the money through the federal tax credit was rejected by the U.S. Office of Management and Budget.

87. Impending Foreclosure Not First For Downtown Building -

The foreclosure notice filed Friday against One Commerce Square at 40 S. Main St. isn’t the first financial crisis the landmark tower has faced.

88. Q1 Data: All Quiet on the Homebuilding Front -

When an industry slows down dramatically, it’s often said its business comes to a screeching halt. The demise of local homebuilding can’t exactly be summed up that way because it implies some kind of sound is being generated.

89. Real Estate Gloom Far From Over, Numbers Show -

The first two months of 2009 are in the books, and the real estate market has shown no signs of improving. For the second straight month, home sales declined by a third from the same month a year ago, proof that housing still needs to dig itself out of a deep hole.

90. Q4: the epitome of slow -

One a day. That’s about the rate builders started new homes in Shelby County during the fourth quarter of 2008, helping it achieve the dubious distinction of being one of the slowest periods in history for the industry.

91. Building Permits Consistent With ‘08 Doldrums -

Stephen Hodgkins, owner of Oaktree Homes LLC and president of the Memphis Area Home Builders Association, traveled to Washington last week with a contingent of builders to present ways the housing market could be repaired.

92. Citi Shares Fall Despite Talks with Morgan Stanley -

NEW YORK (AP) - Citigroup Inc.'s stock sank Monday to its lowest levels since November as investors wondered how much more cash the troubled bank will need.

93. Local Building Reaches Historic Low -

The past 12-month period was the worst stretch for homebuilders in more than three decades, with permits totaling just 830 between December 2007 and November 2008.

That marks the only year housing starts didn’t reach 1,000 dating back to 1974, when permit figures were first available from real estate information company Chandler Reports, www.chandlerreports.com.

94. State GOP Delays List Of Constitutional Applicants -

Legislative Republicans, who in the name of greater transparency created a formal application process for Tennessee constitutional officers, said Friday they won’t immediately release the list of candidates when the deadline passes.

95. Vintage Homes, Next Solutions Form Partnership -

Charles Morgan founded Vintage Homes LLC in 1979 and spent the past three decades transforming it into one of Shelby County’s leading homebuilders.

96. Latest Numbers Paint Dreary Homebuilding Picture -

The homebuilding industry suffered another period of slower sales and fewer starts in October, signaling a continued crisis in the housing market.

Shelby County saw just 61 home sales by builders last month, a staggering 61.6 percent decline from the 159 homes sold in October 2007, according to the latest data from real estate information company Chandler Reports, www.chandlerreports.com. Last month’s total even marked a 53.1 percent dropoff from the 130 homes builders sold in September.

97. Banks Say They're Using Bailout Money for Loans -

WASHINGTON (AP) – Some of the nation's largest banks sharing in the $700 billion government bailout of the financial industry tried to assure lawmakers Thursday they are using the money to make more loans and help financially strapped homeowners avoid foreclosure.

98. Renasant Names Wiegert VP, Mortgage Production Manager -

Michael Wiegert has been named vice president and mortgage production manager for Renasant Bank in Memphis.

99. Head Selected as Director Of SWTCC Library -

Carolyn Head has been selected to serve as executive director of Library Services for Southwest Tennessee Community College.

100. Q3 Building Permits Plummet -

Listen to homebuilders’ language and it’s easy to discern their problems. Instead of using terms such as “expanding operations” and “ramping up production” – as they did a few years ago – builders now resort to phrases like “hunkering down” and “scaling back.”