Home construction loan volume picks up the pace

Wickipedia
Wickipedia

Tight post-recession lending conditions may be loosening for home builders
Access to capital has been especially difficult for small private builders, who are responsible for nearly two-thirds of single-family home construction across the country.
By Chris Kirkham | The Wall Street Journal
The volume of U.S. home construction loans grew at the fastest rate in more than two years in the third quarter, according to federal data, a sign that tight postrecession lending conditions might be easing for homebuilders.
After the housing crash, banks that historically lent money for acquiring land and building new homes cut back significantly.
Access to capital has been especially difficult for small private builders, who are responsible for nearly two-thirds of single-family home construction across the country. Analysts often cite the credit challenges as a prime factor in holding back the supply of new homes.

Continued:

Share this!

Additional Articles

Top master-planned communities for 2024

By AZ Big Media Here are the Top 10 master-planned communities in Arizona, based on public voting for the 2024 edition of Ranking Arizona, the state’s biggest and most comprehensive business opinion poll. Ranking Arizona

Read More »
News Categories

Get Our Twice Weekly Newsletter!

* indicates required

Rose Law Group pc values “outrageous client service.” We pride ourselves on hyper-responsiveness to our clients’ needs and an extraordinary record of success in achieving our clients’ goals. We know we get results and our list of outstanding clients speaks to the quality of our work.

December 2016
M T W T F S S
 1234
567891011
12131415161718
19202122232425
262728293031