Tag Archive for ‘ADC’

AD&C Lending May Enter a New Phase Soon

After a soft patch in late February and March, recent economic and housing data point to improvement in housing market conditions. For example: The NAHB/Wells Fargo Housing Market Index was up 5 points in April, the highest level in five years The NAHB/Wells Fargo Housing Opportunity Index, a measure of home buying affordability, is at an all time high Total… Read More ›

AD&C Lending for Home Building Remains Restrictive

A number of economic indicators are pointing to improving days ahead for housing and home building. These include The NAHB/Wells Fargo Housing Market Index reached its highest level since April 2007 The NAHB/Wells Fargo Housing Opportunity Index, a measure of home buying affordability, is at an all time high The NAHB/First American Improving Markets Index now counts 98 metro areas as improving… Read More ›

AD&C Lending for Home Building Remains Restrictive

A number of economic indicators are pointing to improving days ahead for housing and home building. These include The NAHB/Wells Fargo Housing Market Index reached its highest level since April 2007 The NAHB/Wells Fargo Housing Opportunity Index, a measure of home buying affordability, is at an all time high The NAHB/First American Improving Markets Index now counts 98 metro areas as improving… Read More ›

Flawed Appraisals Preventing Home Sales

One out of three builders are reporting losing signed sales contracts during the preceding six months because appraisals on their homes are less than the contract sales price, according to a recent nationwide survey conducted by the National Association of Home Builders (NAHB).  It is too common, due to faulty appraisal practices, for brand new homes with appliances and interior… Read More ›

3rd Quarter 2011 AD&C Lending Update

According to FDIC Statistics of Banking for the third quarter of 2011, lending for acquisition, development and construction (AD&C) purposes continues to decline. However, the rate of decline is slowing, perhaps indicating that most troubled loans are now off bank balance sheets. Debt availability for home building purposes is significantly tighter than loans for commercial construction activities. Data from the FDIC, graphed below, confirm… Read More ›