Eye On Housing
According to the Federal Reserve’s latest G.19 Consumer Credit report, consumer credit (ex-real estate) grew at a seasonal adjusted annual rate (SAAR) of 6.8% in the third quarter of 2022. Revolving debt increased at a 12.9% rate, more than double the pace of nonrevolving debt (+4.9%). Credit card interest rates reached 16.3%, the highest level since the inception of the… Read More ›
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 ›
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 ›
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 ›
After more than five years of persistent tightening, NAHB’s survey on Acquisition Development & Construction (AD&C) financing finally shows conditions stabilizing somewhat in the first quarter of 2012. After such a protracted period of decline, however, the stability comes at a very low level of credit availabity. The NAHB survey results remain somewhat at odds with a similar net tightening… Read More ›