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Banks starting to loosen purse strings on home builder loans

from Construction Dive

Builders have consistently complained of a dearth of available AD&C loans in recent years, which they say is hindering stronger construction industry growth. The steady increase in loans reflects banks' improving confidence in the industry, and could mean good news for builders frustrated by the restrictions. Still, residential AD&C lending is significantly lower than before the housing bubble's peak. During the first quarter of 2008, home building loans totaled $203.8 billion — 72.5 percent higher than in the second quarter of 2015. more

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