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

Forgot your password?
Skip Navigation LinksHome >
VOL. 128 | NO. 11 | Wednesday, January 16, 2013

New-Home Permits Jump 37 Percent in Quarter

By Sarah Baker

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

Local homebuilders saw a 37 percent increase in filed permits in the fourth quarter year over year.

Shelby County homebuilders filed 202 permits during the final quarter of 2012, compared to 147 in Q4 2011, according to real estate information company Chandler Reports, www.chandlerreports.com.

The average permit in the final quarter measured 3,232 square feet and $242,910, compared to 3,329 square feet and $243,611 in Q4 2011.

The top builder, as tracked by home permits from October to December, was Regency Homebuilders LLC (53; 3,075; $217,716). Next was Grant Homes (24; 2,900; $183,143) and Karen Garner of Magnolia Homes (15; 3,706; $358,533).

The ZIP codes notching the most permits in the quarter were Arlington’s 38002 (50; 3,355; $231,029) and Cordova-North’s 38016 (42; 2,745; $187,192).

Active subdivisions during the quarter were Fountain Brook in 38106 (17; 2,860; $192,532), Wolf River Ranch in Collierville’s 38017 (15; 3,846; $375,267), and Kensington in 38002 (13; 3,111; $192,586).

Builders sold 202 new homes during the fourth quarter, tallying the exact amount as new permits filed. Those homes averaged $270,628 and totaled $54.7 million.

There were 208 new homes sold in Q4 2011, averaging $219,958 and totaling $45.8 million.

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 137 550 13,176
MORTGAGES 136 615 17,085
FORECLOSURE NOTICES 19 74 3,364
BUILDING PERMITS 223 924 28,618
BANKRUPTCIES 73 376 10,866
BUSINESS LICENSES 20 131 4,335
UTILITY CONNECTIONS 0 472 16,821
MARRIAGE LICENSES 30 130 3,821

Weekly Edition

Issues | About

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