NAHB: Lending conditions eased in third quarter
An industry survey conducted by the NAHB revealed that lending conditions for acquisition, development, and construction loans continued to ease during the third quarter.
“In the third quarter of 2014, the overall net tightening index based on the AD&C survey improved from -22.7 to -31.0,” the NAHB reports. The negative numbers indicate easing of credit, hence the lower negative index means positive tightening and greater easing.
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