Close Menu
    Facebook X (Twitter) Instagram
    • Home
    • About Us
    • Digital Subscription
    • Advertisement
    • Contact Us
    Facebook X (Twitter) Instagram
    The Tennessee TribuneThe Tennessee Tribune
    Advertise With Us
    • Home
      • COVID-19 Resource Center
        • Dr. Henry Louis Gates’ PSA Radio
      • Featured
    • News
      • State
      • Local
      • National/International News
      • Global
      • Business
        • Commentary
        • Finance
        • Local Business
      • Investigative Stories
        • Affordable Housing
        • DCS Investigation
        • Gentrification
    • Editorial
      • National Politics
      • Local News
      • Local Editorial
      • Political Editorial
      • Editorial Cartoons
      • Cycle of Shame
    • Community
      • History
      • Tennessee
        • Chattanooga
        • Clarksville
        • Knoxville
        • Memphis
      • Public Notices
      • Women
        • Let’s Talk with Ms. June
    • Education
      • College
        • American Baptist College
        • Belmont University
        • Fisk
        • HBCU
        • Meharry
        • MTSU
        • University of Tennessee
        • TSU
        • Vanderbilt
      • Elementary
      • High School
    • Lifestyle
      • Art
      • Auto
      • Tribune Travel
      • Entertainment
        • 5 Questions With
        • Books
        • Events
        • Film Review
        • Local Entertainment
      • Family
      • Food
        • Drinks
      • Health & Wellness
      • Home & Garden
      • Featured Books
    • Religion
      • National Religion
      • Local Religion
      • Obituaries
        • National Obituaries
        • Local Obituaries
      • Faith Commentary
    • Sports
      • MLB
        • Sounds
      • NBA
      • NCAA
      • NFL
        • Predators
        • Titans
      • NHL
      • Other Sports
      • Golf
      • Professional Sports
      • Sports Commentary
      • Metro Sports
    • Media
      • Video
      • Photo Galleries
      • Take 10
      • Trending With The Tribune
    • Classified
    • Obituaries
      • Local Obituaries
      • National Obituaries
    The Tennessee TribuneThe Tennessee Tribune
    Tennessee

    Report: Q1 Housing Market In Tennessee Continues Positive Trend

    Article submittedBy Article submittedJune 24, 2021Updated:June 25, 2021No Comments3 Mins Read
    Facebook Twitter LinkedIn Telegram Pinterest Tumblr Reddit Email
    Share
    Facebook Twitter LinkedIn Pinterest Email

     

    MURFREESBORO, Tenn. — Tennessee’s housing report data for the first quarter of 2021 show that “despite the slow economic recovery, the housing numbers … remain positive” and “that the U.S. and Tennessee economies continue to recover from the height of the COVID-19 virus.”

    The MTSU Business and Economic Research Center’s statewide report for the first quarter showed positive year-over-year trends in Tennessee for permits, mortgage tax collections, home prices, homeowner vacancy rates, rental vacancy rates, real estate transfer tax collections and foreclosure rates, noted report author Murat Arik, director of the BERC at Middle Tennessee State University.

    The one exception among indicators was a slight year-over-year increase in past due mortgages (+1.2% in Tennessee, +2% in the U.S.), which “could indicate future problems as past due mortgages could become foreclosures,” Arik noted.

    Home prices across the state saw increases from the previous year. The Morristown MSA saw the highest growth at 10%. Almost all MSAs saw an increase in home prices from the previous quarter except the Jackson and Clarksville MSAs. Clarksville stayed at an 8.4% yearly growth, but the Jackson MSA decreased by .5 percentage points.

    Other report highlights:

    • Housing construction: For both the South and Tennessee, single-family permits fell slightly from the previous quarter (-1.5% and -.4% respectively), while up 3.5% for the U.S. But all regions saw a year-over-year rise, with the U.S., South and Tennessee up 24%, 22.6%, and 21%, respectively.

    — Multi-family permits for all regions were growing on a substantial level, particularly in Tennessee. Tennessee saw a yearly increase of 58%, while the South and the U.S. saw half that growth at 21% and 19%, respectively. Quarterly increases for multi-family permits were not as good for Tennessee, but each region still saw growth.

    — Overall, total-family permits increased for each region both quarterly and yearly. The United States saw the most significant quarterly growth of 9.7%, but Tennessee made up the largest yearly growth of 29%.

    • Home sales: Closings for all regions increased on an annual level, but only Knoxville saw an increase in quarterly closings (15%). In comparison, Memphis and Nashville saw a decline in quarterly closings by 3.25% and 3.7%, respectively. The largest annual increase went to Knoxville (36%), while Nashville and Memphis lagged (7.6% & 6%, respectively).

    View the full report, including charts, at https://www.mtsu.edu/berc/housing/.

     

    BERC’s report is funded by Tennessee Housing Development Agency, or THDA. The quarterly report offers an overview of the state’s economy as it relates to the housing market and includes data on employment, housing construction, rental vacancy rates, real estate transactions and mortgages, home sales and prices, delinquencies and foreclosures.

    The Business and Economic Research Center operates under the Jennings A. Jones College of Business at MTSU. For more information, visit http://mtsu.edu/berc/

     

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Article submitted

    Related Posts

    Tennessee Human Rights Commission Dissolved

    July 3, 2025

    Reverend Dr. Derrick Jackson Interim ABC President

    July 2, 2025

    ACLU-TN Files Lawsuit Challenging Criminalization of Local Officials’ Votes on Immigration Policies

    June 30, 2025

    TN Doctors Warn About Cuts to TennCare and SNAP Programs

    June 21, 2025

    Tennessee Supreme Court Administrative Office of the Courts

    June 21, 2025

    New laws to take effect in Tennessee July 1

    June 19, 2025

    Comments are closed.

    Business

    Charlotte Knight Griffin Takes Office as TBA President-Elect

    June 30, 2025

    EXCLUSIVE OP-ED: President Joe Biden Commemorating Juneteenth

    June 19, 2025

    FUNdraising Good Times Report from Neighborhoods USA Conference in Jacksonville

    June 4, 2025
    1 2 3 … 384 Next
    Education
    Featured

    Fisk University Welcomes Antonio Barrino to Lead Band Program and Expand Music Education

    By adminJuly 7, 2025

    NASHVILLE, Tenn. — Fisk University proudly announces the appointment of Antonio Barrino to the Department of…

    Austin Peay’s MPH program receives $27K for childhood literacy initiative. Community LIFT Project to be implemented at Head Start centers this fall

    June 30, 2025

    TSU, State, reach agreement to reallocate $96M to school

    June 26, 2025

    TSU student lands prestigious internship at Harvard Medical School

    June 25, 2025
    The Tennessee Tribune
    Facebook X (Twitter) Instagram
    • About Us
    • Digital Subscription
    • Store
    • Advertise With Us
    • Contact
    © 2025 The Tennessee Tribune - Site Designed by No Regret Media.

    Type above and press Enter to search. Press Esc to cancel.

    Our Spring Sale Has Started

    You can see how this popup was set up in our step-by-step guide: https://wppopupmaker.com/guides/auto-opening-announcement-popups/