A recent blog showed that, after many quarters of persistent and often extreme tightening, availability of credit for land acquistion, development and construction (AD&C) eased slightly at the end of 2012. However, most of the improvement was in the availability of loans for single-family construction. For land acquisition and development, NAHB members were closer to evenly split on whether credit conditions had… Read More ›
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Lingering Problems with AD&C Credit=Shortage of Lots for Builders
A recent blog showed that, after many quarters of persistent and often extreme tightening, availability of credit for land acquistion, development and construction (AD&C) eased slightly at the end of 2012. However, most of the improvement was in the availability of loans for single-family construction. For land acquisition and development, NAHB members were closer to evenly split on whether credit conditions had… Read More ›