In Construction Lending, It’s a Good Time to Be the Right Borrower

ew U.S. residential construction declined in August in one of the weakest monthly performances since the pandemic, with housing starts overall down 2.6 percent and multifamily starts plummeting nearly 22 percent, according to First American Financial Corporation data Housing completions, meanwhile, dropped nearly 12 percent, reaching what Bloomberg described as “the slowest pace since the […]