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A Construction Lending Update

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). 

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