Rates on Development and Construction Loans Continue to Climb | Eye On Housing

Econ & Housing

While mortgage rates were stabilizing in the first quarter of 2023, rates on loans for Acquisition, Development & Construction (AD&C) continued to climb, according to NAHB’s quarterly Survey on AD&C Financing.  From the last quarter of 2022 to the first quarter of 2023, the average effective rate (based on rate of return to the lender…

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