Builders are facing tougher credit conditions once again. According to the NAHB, residential land and construction loans have now tightened for the 18th consecutive quarter. Lenders are asking for more personal guarantees, and while interest rates for land loans have gone up, there’s been a slight dip for single-family construction—though initial points are higher across the board. For those considering building a new home or investing in land in Massachusetts or Rhode Island, it’s important to stay aware of these financial shifts. Navigating these changes with the right guidance can make all the difference in your real estate journey.
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