» Subscribe Today!
More of what you want to know.
The Daily News
X

Forgot your password?
Skip Navigation LinksHome >
VOL. 127 | NO. 139 | Wednesday, July 18, 2012

June Permits Up 45 Pct.

By Sarah Baker

Print | Front Page | Email this story | Email reporter | Comments ()

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.

That compares to 56 permits filed in June 2011, which averaged 2,988 square feet and $236,990.

Regency Homebuilders LLC filed the most permits of any other builder in June, with 25 averaging 2,957 square feet and $207,313. Charles Morgan of Vintage Homes LLC filed the second highest, with nine averaging 2,511 square feet and $168,434.

The ZIP code with the most activity was Arlington’s 38002, with 23 permits averaging 3,510 square feet and $237,174. It was followed by Cordova-North’s 38016 ZIP code, which had 17 permits averaging 2,416 square feet and $167,712.

Meanwhile, the highest performing subdivision last month was again Gerland Creek in Southeast Shelby County’s 38125, with seven permits averaging 2,708 square feet and $180,502.

Builders sold 55 homes in June, averaging $250,807 and totaling $13.8 million in sales volume.

That compares to 87 homes sold by builders in June 2011, averaging $227,195 and totaling $20 million; and 162 sold in June 2010, averaging $208,666 and totaling $34 million.

Chandler Reports is a division of The Daily News Publishing Co. Inc.

Sign-Up For Our Free Email Edition
Get the news first with our daily email


 
Blog Get more from The Daily News
Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 81 217 5,290
MORTGAGES 94 276 6,985
FORECLOSURE NOTICES 0 50 1,606
BUILDING PERMITS 384 712 12,691
BANKRUPTCIES 66 241 5,541
BUSINESS LICENSES 27 85 2,146
UTILITY CONNECTIONS 52 234 7,292
MARRIAGE LICENSES 10 53 1,511

Weekly Edition

Issues | About

The Memphis News: Business, politics, and the public interest.