Tag Archive for ‘ADC’

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 ›