One factor holding back an even stronger rebound in home construction is the lack of accessible Acquisition, Development and Construction (AD&C) loans. While it appears the period of dramatic declines of the outstanding stock of AD&C loans ended in 2012, there has not yet been a robust expansion of lending consistent with current demand for home building.  According to data from the FDIC, the outstanding stock of… Read More ›

Despite less than robust economic conditions, home building economic data have been fairly positive for 2012. For example, the level of residential construction spending is at a four-year high. However, one factor holding back an even stronger rebound in home construction is the lack of accessible Acquisition, Development and Construction (AD&C) loans. While it appears the period of dramatic declines of the outstanding stock of AD&C loans… Read More ›

NAHB’s newly published Survey on Acquisition, Development & Construction Financing shows that while there may have been some modest easing in lending conditions for new single-family construction loans during the second quarter, that slight improvement was more than offset by tightening on new loans for land acquisition and multifamily condo construction. In general, for any type of AD&C loan, more than half of… Read More ›

Despite softening economic conditions, home building economic data have been fairly positive in recent months. For example, the pace of housing starts now stands near a seven-year high. And as we forecasted last quarter, the period of declines for the outstanding stock of Acquisition, Development and Construction (AD&C) loans appears to have ended. According to data from the FDIC, for the first time… Read More ›