Construction Loans in Q3 2021 Set Post-Great Recession High

According to analysis provided by the National Association of Home Builders (NAHB), the volume of 1–4-unit residential construction loans made by FDIC-insured institutions increased 6% during Q3 of 2021. The volume of loans rose by $4.9 billion during the quarter.

The loan volume expansion placed the total stock of home building construction loads at $86.9 billion — a post-Great Recession high. Year-over-year the stock of residential construction loans is up 10.7%. Since Q1 of 2013, the stock of outstanding home building construction loans has grown by 113%, an increase of almost $46.2 billion.

FEA compiles the Wood Markets News from various 3rd party sources to provide readers with the latest news impacting forest product markets. Opinions or views expressed in these articles do not necessarily represent those of FEA.
Original Source:
Construction Loan Growth During Third Quarter