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With little competition, homebuilders are feeling better

Housing Wire

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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Residential Construction AD&C Lending Declines

Eyes on Housing

The volume of total outstanding acquisition, development and construction (AD&C) loans posted an additional decline during the first quarter of 2024 as interest rates remain elevated and financial conditions are tight. The volume of 1-4 unit residential construction loans.

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Builders continue to get a boost from low inventory

Housing Wire

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.

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Declines for Residential Construction Loans

Eyes on Housing

During the second quarter of 2024, the volume of total outstanding acquisition, development and construction (AD&C) loans posted the largest year-over-year percentage decline since 2012, as interest rates remain elevated before the beginning of the Fed cutting short-term interest rates in September.

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Residential AD&C Loan Volume Contracts During 4Q23

Eyes on Housing

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.

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When & How do Appraiser’s Adjust for Age?

Cleveland Appraisal Blog

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.

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Does Refinancing Affect Your Taxes?

Assurance Financial

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.