Eyes on Housing
MARCH 7, 2024
The volume of total outstanding acquisition, development and construction (AD&C) loans posted a decline during the fourth quarter of 2023 as interest rates increased and financial conditions tightened. However, AD&C loan conditions will improve in 2024 as the Fed begins easing monetary policy.
Housing Wire
MARCH 15, 2023
Even as builders continue to deal with stubbornly high construction costs and material supply chain disruptions, they continue to report strong pent-up demand as buyers are waiting for interest rates to drop and turning more to the new home market due to a shortage of existing inventory,” Alicia Huey, the NAHB chairman, said in a statement.
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Cleveland Appraisal Blog
MARCH 4, 2021
While we take into consideration both actual and effective age in our appraisal process, if a home is not newer construction, as noted earlier, it is more typical to make an adjustment for condition or effective age rather than for chronological age. How About Loan Conditions? – Sacramento Appraisal Blog.
Housing Wire
APRIL 17, 2023
Currently, one-third of housing inventory is new construction, compared to historical norms of a little more than 10%,” Robert Dietz , the NAHB’s chief economist, said in a statement. In addition, 33% of builder expect to experience or have already experienced AD&C loan tightening from regional banking partners.
Assurance Financial
MARCH 18, 2021
Submit your loan conditions: Then an in-house underwriter at Assurance Financial will receive your paperwork. Whatever the case, a jumbo loan can help you finance the home of your dreams. Construction loan: If you are looking to build a new home or renovate your property, you may want to apply for a construction loan.
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