Banks Tighten on Land Development and Construction Lending

According to the NAHB, credit standards on applications for land development and construction loans or credit lines tightened on net over the second quarter of 2015.

As a whole, 1.4 percent of senior bank execs reported that lending standards at their respective banks tightened over the second quarter — 13 percent tightened lending standards, and 11.6 percent eased.

Of the smaller banks, 16.7 percent tightened standards and 10 percent eased them, for a net of -6.7 percent. For larger banks, 12.8 percent eased and 10.3 tightened for a net of 2.5 percent.

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