The NAHB's Michael Neal dives into the Federal Reserve Board's Senior Loan Office survey, which showed credit standards on construction and land development loans or credit lines tightening in the third quarter.

All told, a net share of 4.4% of senior loan officers say that lending standards at their commercial bank are tightening up--the difference between the 7.2% of officers that say standards are loosening compared to the 11.6% who say things are getting more restrictive.

Lending standards tightened at both large banks and other banks. However, the proportion of respondents mentioning that standards had tightened, on net, was greater at other banks than at large banks. According to the Senior Loan Officer Opinion Survey, large banks represent the largest national banks while other banks represent smaller, regional banks.
Read more >