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VOL. 123 | NO. 73 | Monday, April 14, 2008

Bottoming Out

Q1 permits plummet as inventory catches up to demand

Reducing starts and shedding inventory continued to be the overriding theme for homebuilders as 2008 began, and it manifested in the shrinking number of building permits filed during first quarter.

First Horizon In Spotlight at Tues. Shareholders Mtg.

Shareholders of First Horizon National Corp. will put the Memphis-based financial services company under close scrutiny this week.

MBI Expands Design Focus Into Health Care Arena

Customers walking into the MBI showroom on Distriplex Drive are being greeted with a new scene. Part of the office furniture and design business' showroom now looks like something out of a hospital.

Charter Commission Explores Old Ideas

Members of the Memphis Charter Commission are about to begin debating some of the most basic questions about how city government functions.

Shelby Farms To Keep Rural Feel With New Design

The job of creating a master plan for Shelby Farms Park is going to the design and planning firm that talked about adding more trees to the 4,500 acres in East Memphis as well as making the park look bigger.

Local Weather
Currently
Memphis, TN
47.0°F
Fair
Wind: Northwest at 6.9 mph
Humidity: 44%

EVENTS

The Engineers' Club of Memphis Inc. will meet today at noon at the Holiday Inn-University of Memphis, 3700 Central Ave. The cost is $12 and no reservations are required. Mike Glasgow, regional engineer at Uni-Bell PVC Pipe Association, will speak about "Deep Burial of PVC Gravity Sewer."

more events »

Consumer Confidence Sinks to Lowest Since 2002

WASHINGTON (AP) - Americans' confidence in the economy fell to a new low, dragged down by worries about mounting job losses, record-high home foreclosures and zooming energy prices.

CM&R Hit By Foreclosure Notices

Cadence Bank NA has filed seven notices of foreclosure against Chamberlain, McCreery & Rice LLC, the company formed by a trio of longtime developers and builders – Phil Chamberlain, Jon McCreery and Hank Rice.

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Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 115 270 19,843
MORTGAGES 141 311 23,225
FORECLOSURE NOTICES 23 71 8,375
BUILDING PERMITS 0 338 40,366
BANKRUPTCIES 74 196 13,300
BUSINESS LICENSES 25 48 6,185
UTILITY CONNECTIONS 40 125 13,120
MARRIAGE LICENSES 15 73 4,915

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