Acquisition, development, and construction (AD&C) loans are seeing easing credit conditions according to Michael Neal with NAHB. In addition to the credit easing, the Federal Deposit Insurance Corporation reports the volume of AD&C debt is expanding:
On a year-over-year basis, the stock of residential AD&C loans is up 16.4% from the second quarter of 2014. The current reading marks the 5th consecutive quarter of year-over-year growth in the range of 16% to 17.5%
This is good news for builders and dealers. Credit easing means more new home construction, which means more sales for dealers. For more information about the credit easing, head on over to the NAHB's Eye on Housing.