Defpoints


Commercial Loans will be next
July 2, 2008, 2:35 pm
Filed under: Architecture, Design, Politics

From today’s Wall Street Journal:

Consider these numbers: U.S. banks had $264.4 billion in outstanding construction loans for single-family houses at the end of the first quarter of 2008 and an additional $280.8 billion for loans to build commercial properties such as office buildings. Yet, the delinquency rate was for 10.8% for the housing loans, compared with 3.6% to build commercial structures.

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