A new blog post from NAHB's Eye on Housing discusses NAHB's survey about AD&C financing. Builders and developers continue to report credit easing for acquisition, development and construction loans, according to the survey. In the second quarter of 2013, the overall net tightening index based on the AD&C survey was -16.5, just slightly lower than the -20.5 reported in the first quarter 2013. The index is constructed so negative numbers indicate easing of credit; positive tightening.
The post goes on to discuss a tightening index from the Federal Reserve's survey of senior loan officers, as well as discussing what NAHB members think about AD&C credit conditions.