Tag Archive for ‘ADC’

Slower Growth for AD&C Loans

The volume of residential construction loans increased by 1.6% during the first quarter of 2017, marking 16 consecutive quarters of growth. However, the growth rate for lending during the fourth quarter of 2016 and the start of 2017 were the slowest since early 2013. Tight availability of acquisition, development and construction (AD&C) loans has been a limiting factor for home building growth, but easing credit conditions and a growing loan… Read More ›

AD&C Lending Expansion Slows

The volume of residential construction loans increased by 1.8% during the fourth quarter of 2016, marking 15 consecutive quarters of growth. However, the growth rate at the end of the year was the smallest since the start of 2013. Tight availability of acquisition, development and construction (AD&C) loans has been a limiting factor for home building growth, but easing credit conditions and a growing loan base have helped expand residential construction… Read More ›

NAHB Survey: AD&C Financing Standards Continue to Ease

Builders and developers continue to report easing credit conditions for acquisition, development, and construction (AD&C) loans according to NAHB’s survey on AD&C Financing. However, the pace of easing slowed somewhat from the second quarter. In the 4th quarter of 2016, the overall net tightening index based on the AD&C survey was -7.3. The 4th quarter reading indicates slightly less easing… Read More ›

AD&C Lending Expands

The volume of residential construction loans jumped by 4.8% during the third quarter of 2016, marking 14 consecutive quarters of growth and setting the highest quarterly growth rate since the summer of 2014. Tight availability of acquisition, development and construction (AD&C) loans has been a limiting factor for home building growth, but easing credit conditions and a growing loan base have helped expand residential construction activity in a thin inventory environment. According… Read More ›

NAHB Survey: AD&C Financing Standards Continue to Ease

Builders and developers continue to report easing credit conditions for acquisition, development, and construction (AD&C) loans according to NAHB’s survey on AD&C Financing. However, the pace of easing slowed somewhat in the third quarter of 2016 from the rate in the second quarter. In the third quarter of 2016, the overall net tightening index based on the AD&C survey was… Read More ›

More Growth for AD&C Lending

The volume of residential construction loans expanded 3.2% during the second quarter of 2016, marking 13 consecutive quarters of growth. Tight availability of acquisition, development and construction (AD&C) loans is a limiting factor on home building growth, but easing credit conditions and a growing loan base will help expand residential construction in a thin inventory environment. According to data from the FDIC and NAHB analysis,… Read More ›

Credit Standards on AD&C Construction Lending: A Tale of Two Sectors

According to NAHB’s Survey on Acquisition, Development & Construction Financing, residential real estate builders and developers reported that credit conditions for acquisition, development, and single-family construction (AD&C) loans were easier in the second quarter of 2016 than in the first quarter of 2016. Hence the NAHB net tightening index dropped from its level in the first quarter. Following 5 consecutive… Read More ›

AD&C Lending Continues to Grow

The volume of residential construction loans expanded 3.8% during the first quarter of 2016, marking three consecutive years of growth. Tight availability of acquisition, development and construction (AD&C) loans has been a factor holding back a stronger rebound in home construction, but easing credit conditions and a growing loan base will help expand the residential building market. According to data from the FDIC and… Read More ›

Lending Standards on AD&C Financing Continue to Ease, but at a Diminished Pace

According to NAHB’s Survey on Acquisition, Development & Construction Financing, builders and developers again reported easing credit standards for acquisition, development, and construction (AD&C) loans. However, the pace of easing continues to slow from previous periods. In the first quarter of 2016, 13.3% of survey respondents on net indicated that overall lending standards on AD&C loan availability had eased. In… Read More ›

Eye on the Economy: AD&C Loan Expansion Points to Building Growth

***Eye on the Economy is a biweekly survey of NAHB’s economic and housing analysis. The rebound of home building has been slowed, in part, by the tight availability of acquisition, development and construction (AD&C) loans. However, easing credit conditions and a growing loan base should help expand the residential building market. According to NAHB analysis of FDIC data, the volume of… Read More ›