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VOL. 38 | NO. 16 | Friday, April 18, 2014

Little houses, big demand: New generation of homebuyer decides bigger isn’t better

With just half the floor space of a typical new house, Hana Crume’s East Nashville home is unusual. But it won’t be that way for long.

Homebuilding giants target Middle Tennessee

Miami, Charlotte and Fort Worth are a long way from Nashville, but for three of the nation’s largest homebuilding and development companies, the rewards are worth the journey.

Murfreesboro sees surge in upscale, multi-family housing

Cruise down Medical Center Parkway in the Gateway area of Murfreesboro, just east of I-24, and you’ll see a $60 million construction project dominating the horizon.

Midstate Real Estate trends for March 2014

March 2014 real estate trends for Davidson, Williamson, Rutherford and Wilson counties, as compiled by Chandler Reports.

Local Weather
Nashville, TN
Wind: Northeast at 3.5 mph
Humidity: 44%


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more events »

Davidson County's Top Lenders for March 2014

A look at Davidson County’s top lenders based on total number of all loans, commercial and residential. Only loans that have the actual lender name listed on the trust deed filing are included.


Available residential inventory worse than we thought

The Greater Nashville Association of Realtors’ March data show there were 2,530 closings in March 2014 compared to 2,562 for March 2013.


Baker Donelson elects new shareholders

Baker Donelson has elected 13 new shareholders across the firm, including two attorneys in its Nashville office, Joel R. Buckberg and Ashby Q. Burks.


Unique business cards a great marketing tool

For those in marketing, there is never, ever enough time in the day to get it all done.


Fall in tech stocks a return to reality

Last week, we discussed that the wrestling match between stimulus and global debt deleveraging will continue to create anxiety and volatility for investors. Viewing the world through this prism helps to clarify seemingly baffling market movements.


Adding April foolishness to otherwise-somber day

To file or not to file? For an extension, that is. Indeed, this is the question. For mid-April is upon us yet again.


Easy chicken salad a big potluck hit

This week’s cooking column is written by my daughter April Sherrill


Haslam: Prayer to help guide execution decisions

NASHVILLE (AP) — Tennessee Gov. Bill Haslam says he will rely on prayer and advice from experts when he is faced with last-minute appeals from death row inmates facing execution.


Safely dispose of old medicines at event Saturday

NASHVILLE (AP) — Tennesseans will be able to safely dispose expired, unwanted and unused prescription pills this Saturday during National Prescription Take-Back Day. The event is an effort to rid potentially dangerous prescription drugs from homes so they won't be abused or wind up in the water supply.


Court refuses to rehear case on judge selection in Tennessee

NASHVILLE (AP) — A special state Supreme Court panel has refused to rehear a case that challenged the constitutionality of the way Tennessee selects its judges.


GM profit sinks; CEO sees no recall hit to sales

DETROIT (AP) — The cost of recalling nearly 7 million cars and trucks sank General Motors' first-quarter profit, but the company's CEO said the much-publicized recalls have yet to cut into sales.


FCC to propose pay-for-priority Internet standards

LOS ANGELES (AP) — The Federal Communications Commission is set to propose new open Internet rules that would allow content companies to pay for faster delivery over the so-called "last mile" connection to people's homes, but enhance scrutiny of such deals so they don't harm competition or limit free speech.


Stocks mostly higher on earnings gains; Apple up

NEW YORK (AP) — Strong earnings from a number of U.S. companies including Apple and Caterpillar had stocks moving mostly higher Thursday afternoon. 3M was among those whose results disappointed investors.

US durable goods orders up 2.6 percent in March

WASHINGTON (AP) — Orders to U.S. factories for long-lasting manufactured goods posted a solid gain for the second straight month in March. A key category that signals business investment plans increased at the fastest pace in four months.

Applications for US unemployment aid jump to 329K

WASHINGTON (AP) — The number of people seeking U.S. unemployment benefits surged 24,000 to a seasonally adjusted 329,000 last week, though the gain likely reflected temporary layoffs in the week before Easter.

Oil near $102 on Ukraine crisis, Libya export woes

The price of oil rebounded to near $102 a barrel Thursday on worries about tensions in Ukraine and continued concerns about crude exports from Libya and Nigeria.

Average US 30-year mortgage rate up to 4.33 pct

WASHINGTON (AP) — Average U.S. rates on fixed mortgages rose this week as the spring home-buying season has gotten off to a slow start.

FDA proposes first regulations for e-cigarettes

WASHINGTON (AP) — The federal government wants to ban sales of electronic cigarettes to minors and require approval for new products and health warning labels under regulations being proposed by the Food and Drug Administration.

Caterpillar 1Q profit climbs 5 pct, forecast rises

Caterpillar's first-quarter earnings climbed 5 percent, and the construction equipment maker raised its 2014 forecast. But the company also said Thursday that a mining equipment sales slump is still hurting results.


Cracker Barrel says holders nix Biglari proposals

LEBANON (AP) - Cracker Barrel says that preliminary results show its shareholders have overwhelmingly rejected two proposals put forth by an activist stockholder.


Haslam signs bill seeking to end book shredding

NASHVILLE (AP) — Gov. Bill Haslam has signed a bill into law to ban the shredding of Imagine Library books delivered to the incorrect addresses.


Michelle Obama, Jill Biden headline Ft. Campbell job fair

FORT CAMPBELL, Ky. (AP) — First lady Michelle Obama and Jill Biden are visiting Fort Campbell to speak with soldiers and their families at a jobs and career fair.

First lady announcing one-stop job site for vets

WASHINGTON (AP) — Aiming to streamline employment resources for people leaving the military, the government is creating an integrated website that can help job-seekers create resumes, connect with employers and become part of a database of veterans and their spouses for companies to mine for skills and talents.


Wellness programs grow more popular with employers

That little voice nagging you to put down the cake and lace up the running shoes is increasingly coming from your employer and is likely to grow louder with a looming change under the federal health care overhaul.


Toyota sells 2.58 million vehicles, outselling GM

TOKYO (AP) — Toyota kept its position at the top in global vehicle sales for the first quarter of this year, outpacing rivals General Motors and Volkswagen.


A stock rally falters as US earnings disappoint

NEW YORK (AP) — The stock market is closing slightly lower as several U.S. companies report disappointing earnings.

Oil falls as US oil supplies rise by 3.5M barrels

The price of oil slipped Wednesday as a government report showed U.S. oil supplies rose more than expected last week.

Gannett 1Q net profit falls 43 pct

MCLEAN, Va. (AP) — Gannett Co. said Wednesday that its first-quarter net profit dropped 43 percent, pulled down by restructuring costs, but its adjusted profit managed to beat Wall Street predictions by a penny.

Q&A: A French economist's grim view of wealth gap

NEW YORK (AP) — If you'd like to live in Downton Abbey, the good news is that our economy has entered a second Gilded Age of opulence and elegance.

Sales of new US homes plunge 14.5 percent in March

WASHINGTON (AP) — The number of Americans buying new homes plummeted in March to the slowest pace in eight months, a sign that real estate's spring buying season is off to a weak start.

Amazon snares classic shows in deal with HBO

NEW YORK (AP) — Fans of classic HBO shows like "The Sopranos" and "The Wire" will soon have access to those series and more through Amazon Prime in the first online streaming deal signed by the cable network.

Microsoft expands ad-free Bing search for schools

LOS ANGELES (AP) — Microsoft is expanding a program that gives schools the ability to prevent ads from appearing in search results when they use its Bing search engine. The program, launched in a pilot program earlier this year, is now available to all U.S. schools, public or private, from kindergarten through the 12th grade.

JetBlue pilots vote for first time to unionize

WASHINGTON (AP) — The National Mediation Board said Tuesday that pilots at JetBlue Airways Corp. voted overwhelmingly to unionize, reversing two earlier votes.


EPA scales back biofuel mandate to reflect reality

WASHINGTON (AP) — The Obama administration is significantly reducing the amount of cellulosic biofuels refiners will have to prove they blended into gasoline last year, acknowledging that the market lagged far behind government projections.


Milsap, Wiseman among Country Hall inductees

NASHVILLE (AP) - Ronnie Milsap, Mac Wiseman and the late Hank Cochran are the newest members of the Country Music Hall of Fame.


In Internet TV case, justices show concern

WASHINGTON (AP) — Grappling with fast-changing technology, Supreme Court justices debated Tuesday whether they can protect the copyrights of TV broadcasters to the shows they send out without strangling innovations in the use of the internet.

Tennessee high court to hear faith-healing case

NASHVILLE (AP) - The state Supreme Court has agreed to hear an appeal by a Loudon County woman who tried to heal her daughter's cancer through prayer.


Murfreesboro seeking sustainability designation

NASHVILLE (AP) — Thirteen communities in the Southeast, including Murfreesboro, are hoping to be designated as sustainable communities by the Tennessee Valley Authority.


Democrats bemoan lack of Medicaid expansion

NASHVILLE (AP) - House Democratic leaders said Tuesday that Republican Gov. Bill Haslam's decision not to expand Medicaid in Tennessee eclipses his signature plan to cover tuition at two-year colleges.

Federal hearing may decide if Clayton can run

NASHVILLE (AP) — A federal judge is scheduled to hear arguments today in a hearing that could ultimately decide whether the Tennessee Democratic Party should be forced to put Mark Clayton on the ballot in the Democratic primary for governor.


General Motors seeks more protection from suits

DETROIT (AP) — General Motors Co. is asking a U.S. bankruptcy judge to shield it from legal claims for actions that took place before the company's 2009 bankruptcy.


Stocks move higher as more earnings roll in

NEW YORK (AP) — The stock market is notching its sixth gain in a row as more U.S. companies report solid earnings.

Job market for college grads better but still weak

WASHINGTON (AP) — With college commencement ceremonies nearing, the government is offering a modest dose of good news for graduating seniors: The job market is brightening for new grads — a bit.

Sales of US existing homes slip to a 20-month low

WASHINGTON (AP) — Sales of existing U.S. homes slipped in March to their lowest level since July 2012 as rising prices and a tight supply of available homes discouraged many would-be buyers.

Thawing out: Warmer temperatures lift US economy

WASHINGTON (AP) — Spring's thaw is reviving the economy, too.

AT&T joins crowded field with online video plans

NEW YORK (AP) — AT&T and an investment firm run by former News Corp. executive Peter Chernin have formed an online video venture that could rival Netflix and Hulu.

Oil slips to $104 as US crude supplies seen rising

The price of oil slipped closer to $104 a barrel Monday as investors weighed expectations of rising U.S. crude stockpiles against tensions in Ukraine.

E-cig industry awaits looming federal regulation

RICHMOND, Va. (AP) — Smokers are increasingly turning to battery-powered electronic cigarettes to get their nicotine fix. They're about to find out what federal regulators have to say about the popular devices.

Netflix poised to raise prices after strong 1Q

SAN FRANCISCO (AP) — Netflix is preparing a sequel unlikely to be a hit with its subscribers. The Internet video service is about to raise its prices for the first time in three years to help pay for more Internet video programming such as its popular political drama "House of Cards."

Comcast 1Q earns surge on upbeat NBC results

PHILADELPHIA (AP) — Comcast Corp. said Tuesday that its first-quarter net income rose by 30 percent as ad revenue surged at broadcast network NBC, helped by the Winter Olympics in Sochi and Jimmy Fallon's elevation as host of "The Tonight Show."


AT&T explores expansion of super-fast Internet in Nashville

NEW YORK (AP) - AT&T plans a major expansion of super-fast Internet services to cover as many as 100 municipalities in 25 metropolitan areas, possibly including Nashville.


Free bus rides offered from Dickson to Nashville

NASHVILLE (AP) - Commuters who live in Dickson will have a chance for free bus rides to and from Nashville for two weeks beginning on April 28.


UAW withdraws appeal of Volkswagen union vote

NASHVILLE (AP) - The United Auto Workers announced Monday it is withdrawing its appeal of the outcome of a union vote at Volkswagen's assembly plant in Tennessee.


US justices hear arguments in Argentina debt case

WASHINGTON (AP) — The U.S. Supreme Court is hearing arguments Monday in Argentina's decade-long battle with holders of its defaulted bonds.


Oil stays above $104 amid Ukraine jitters

The price of oil edged higher Monday and stayed above $104 per barrel as investors watched the simmering tensions in Ukraine.

Gauge of US economy up for 3rd straight month

WASHINGTON (AP) — A measure of the U.S. economy's health rose in March for the third consecutive month, a sign of stronger growth after harsh winter weather caused the economy's pace to slow.

Higher costs pressured businesses in 1st quarter

NEW YORK (AP) — Rising costs for materials and labor appear to be pressuring businesses, according to a quarterly survey from the National Association of Business Economics.

Kraft recalls 96,000 pounds of Oscar Mayer wieners

NEW YORK (AP) — Kraft Foods is recalling 96,000 pounds of its Oscar Mayer wieners because they may mistakenly contain cheese.


Tennessee arts programs get nearly $1M in support

NASHVILLE (AP) - Tennessee arts organizations are receiving more than $995,000 in the National Endowment for the Arts' latest round of giving.


Some fear bill will hurt babies born addicted

NASHVILLE (AP) - Opponents of a Tennessee bill that would punish pregnant women who abuse narcotics say it will have the unintended consequence of hurting the very people it's supposed to protect: the babies.

Winners and losers in Tennessee legislative session

Here is a list of some of the winners and losers of the legislative session that concluded on Thursday.

108th General Assembly adjourns for the year

NASHVILLE (AP) - State lawmakers concluded a session Thursday in which they approved measures to allow folks to buy wine in grocery stores, fight methamphetamine production and give high school graduates free tuition at community colleges.

Senate backs off on meth bill, adopts weaker limit

NASHVILLE (AP) - The Senate has backed down in its standoff with the House over Gov. Bill Haslam's bill to limit the sale of cold and allergy medicines used to make illegal methamphetamine.

Bill makes changes to State Textbook Commission

NASHVILLE (AP) - Legislation that makes changes to the process for selecting books for public schools is headed to Republican Gov. Bill Haslam's desk.

Lawmakers vote to delay Common Core testing

NASHVILLE (AP) — The testing component of Tennessee's Common Core education standards would be delayed a year under legislation headed to Republican Gov. Bill Haslam's desk.

Haslam gets bill allow state to use electric chair

NASHVILLE (AP) — Tennessee could electrocute death row inmates if lethal injection drugs are unavailable under legislation that's headed for Republican Gov. Bill Haslam's desk.


Local judges won't hear mosque cemetery lawsuit

MURFREESBORO (AP) - Court records show that circuit judges in Rutherford County have recused themselves from hearing a lawsuit over a mosque cemetery.

Appeals court rejects challenge on cement plants

WASHINGTON (AP) — A federal appeals court has turned aside a challenge by environmental groups to an air pollution standard for cement plants.


Lost radio program featuring Hank Williams found

NASHVILLE (AP) - Previously unreleased recordings of country music legend Hank Williams performing songs on a 1950 radio show will be released next month for download and on vinyl.


GM 1Q global sales up 2 pct to 2.42M

DETROIT (AP) — General Motors says it sold 2.42 million cars and trucks in the first three months of the year, keeping it slightly ahead of Volkswagen in the global sales race.

Judge won't order recalled GM cars to be parked

DETROIT (AP) — A Texas federal judge has denied an emergency motion that would have forced General Motors to tell owners of more than 2 million recalled cars to stop driving them until the ignition switches are replaced.


Late sign-ups improve outlook for Obama health law

WASHINGTON (AP) — A surge of eleventh-hour enrollments has improved the outlook for President Barack Obama's health care law, with more people signing up overall and a much-needed spark of interest among young adults.


Asia stocks rise in abbreviated trading

BEIJING (AP) — Asian stocks were mostly higher in trading muted by Good Friday observance.

Venture investments highest since 2001

NEW YORK (AP) — Funding for U.S. startup companies soared 57 percent in the first quarter to a level not seen since 2001, as venture capitalists piled more money into a growing number of deals, according to a report due out Friday.

Oil tops $104 on Ukraine fears

The price of oil rose past $104 per barrel Thursday on worries over the upheaval in Ukraine.

Facebook rolls out location-sharing feature

NEW YORK (AP) — Facebook users in the U.S. will soon be able to see which of their friends are in close proximity using a new feature the company is launching on Thursday.

War of words in Northwestern-athletes' union fight

WASHINGTON (AP) — The rhetoric is heating up between Northwestern University and a group that's trying to unionize college athletes.

Cyber cops: Target hackers may take years to find

WASHINGTON (AP) — Secret Service investigators say they are close to gaining a full understanding of the methods hackers used to breach Target's computer systems last December.

Wal-Mart jumps into the money transfer biz, loudly

NEW YORK (AP) — Wal-Mart is offering another incentive to its customers to spend more time at its stores.


CBO: Minimum wage boost would cost firms $15B

WASHINGTON (AP) — The Congressional Budget Office estimates that a Senate Democratic proposal gradually boosting the minimum wage to $10.10 hourly would force businesses to spend $15 billion more in salaries in 2017.

US delays review of Keystone XL pipeline

WASHINGTON (AP) — The State Department is giving federal agencies more time to review the Keystone XL pipeline before deciding whether to issue a permit.

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