Archive for the ‘Home Construction’ tag
MBA Says Home Construction Loan Delinquency Rate Misleading
Constructions loans for single and multi family
projects in the United States are incorrectly included in commercial real
estate delinquency reports, according to the Mortgage Bankers
Association’s most recent Commercial/Multifamily Research DataNote.
According to the report, combining commercial real estate loans with
construction projects destined for family dwellings greatly
inflates the delinquency rates reported for…
NAHB Calls for Secondary Market for Construction Loans
Home builders, who have been feeling the squeeze on the selling side
of their business for months, are now reporting that they are caught in a
crunch on the development side as money for land
acquisition, development, and home construction is drying up.
Mitchell told the senators that there is no secondary market
for residential construction money to which local lenders could
turn for additional liquidity…