Eye On Housing
Builders and developers continue to report that credit for acquisition, development, and construction (AD&C) is improving slightly, according to NAHB’s survey on AD&C financing. In the fourth quarter of 2012, the overall net tightening index based on the AD&C survey was -4.5, which was little changed from the third quarter. The index is constructed so negative numbers indicate easing of credit;… Read More ›
Tag Archive for ‘ADC’
AD&C Lending in the 4th Quarter of 2012
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 ›
AD&C Lending in the 4th Quarter of 2012
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 ›
Credit Still Tight, Although Builders Report Slight Improvement
Availability of new loans for acquisition, development, and construction (AD&C) has finally started to improve slightly, according to NAHB’s survey on AD&C financing for the third quarter of 2012. The overall net bank tightening index calculated from the AD&C survey dropped from +6.0 in the second quarter down to -4.3. The way the index is constructed, negative numbers indicate easing… Read More ›
AD&C Lending During the Third Quarter
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 ›
AD&C Lending During the Third Quarter
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 Survey: AD&C Credit Tightens for Land Acquisition, Multifamily Construction
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 ›
NAHB Survey: AD&C Credit Tightens for Land Acquisition, Multifamily Construction
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 ›
A Turning Point for AD&C Lending
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 ›
A Turning Point for AD&C Lending
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 ›