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.
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Construction Loan Growth During Third Quarter