Banks Tighten on Land Development and Construction Lending

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August 05, 2015

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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