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You are here: Home » Resources » Articles » A Construction Lending Update

June 26, 2013

A Construction Lending Update

By Joseph Bonin

BETTER PROTECTION THROUGH TIGHTENED RISK MANAGEMENT PRACTICES

Earlier this year, we reported a rapid pick-up in construction activity. The recovery of the residential housing market has been steady since 2011—led initially by a rise in multifamily and student housing construction, and later boosted by a revived demand for single-family homes. The US Census Bureau’s latest residential construction figures for May 2013 show a steep increase in multifamily housing starts (up 28.6% from May 2012), and a steady rise in single-family housing starts (up 16.3% from the year before).

Continue reading the GlobeSt blog here.

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