AD&C Loan Volume Contracts

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Despite broader interest rate declines for government bonds and mortgages, NAHB industry survey data for the second quarter of 2019 indicates that interest rates for acquisition, development and construction (AD&C) remain stubbornly elevated. For example, loans for spec single-family home building averaged a 6.2% rate for the second quarter. These higher interest rates have caused the volume of loans outstanding… Read More ›

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