News & Opinions
The latest news and insights from Hanley Wood’s outspoken experts and key thought-leaders throughout the residential and commercial design and construction industry.
Robert Dietz / NAHB / September 3, 2013
Builders and developers continue to report credit easing for acquisition, development, and construction (AD&C) loans according to NAHB’s survey on AD&C financing. In the second quarter of 2013, the overall net tightening index based on the AD&C survey was -16.5, just slightly lower than the -20.5 reported in the first quarter 2013. The index is constructed so negative numbers indicate easing of credit; positive tightening.
A similar net tightening index from the Federal Reserve’s survey of senior loan officers was -19.2 in the second quarter 2013, essentially unchangedRead More
Paul Emrath / NAHB / August 7, 2013
As of 2012, FHA/VA insured loans still account for well over 20 percent of the market for new single-family homes, according to data from the Survey of Construction (SOC).
The SOC is conducted by the Census Bureau, partly funded by HUD, and the source of the familiar monthly series on housing starts. Among other things, the SOC collects information on the type of financing that has been or will be arranged for new homes. Builders have the option of checking a mortgage insured by the Federal Housing Administration (FHA), a mortgage insured by the Veteran’s Administration (VA), conventionalRead More