Homebuilder Recovery Hit by Flood, End of Tax Credit

From Nashville Business Journal: "The number of building permits issued for single-family homes jumped dramatically in Davidson and surrounding counties in the first quarter. David Penn, director of the Business and Economic Research Center at Middle Tennessee State University, said … that will likely remain the best quarter of the year, noting the end of the tax credit, historically low mortgage rates in the first quarter and a strengthening of Federal Housing Administration lending requirements." (article)