Banks in 7 States Resume Construction Loans

Some 960 banks— including many in Kansas, Wyoming, and Colorado—began making construction and land development loans in the second quarter of 2013. Banks regulated by the Federal Reserve Bank of Kansas City made $110 million in construction and land development loans in the quarter, reports Dennis Domrzalski of Albuquerque Business First. “But it was an improvement over previous quarters when those banks shunned those loans, according to the Kansas City Fed’s quarterly report on the region’s banking conditions,” explains Domrzalski. If your clients are in this region, you’ll want to keep an eye on this.

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