Builders Find Loan Standards Easing; Rates Snap Back, Highest in a Week
Lenders appear to be easing the way for lending in areas crucial to the home construction industry. The National Association of Homebuilders said its fourth quarter 2017 survey of builders and developers showed a net easing in conditions for funding acquisition and development of construction sites and for construction of single family homes. The measure of overall AD&C funding on NAHB's tightening index was -15.7, compared to -7.3 in the fourth quarter of 2016 and -7.6 in the third quarter of 2017, indicating that the easing was accelerating rapidly . Individual readings also indicated that an acceleration of easing for both development and construction funding, there was a quarter-over-quarter change of 11 points toward the favorable in development conditions, while conditions for land
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