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629 North Main Street, Hattiesburg, MS 39401
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More Builders Small Banks
April 24, 2017
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Small banks are the best bets for builders looking for single-family construction loans. This, according to NAHB economists who recently reported that 64% of residential construction loans in 2016 were made by small and midsize banks (those with less than $10 billion in assets).

NAHB Senior Economist Michael Neal notes that the largest banks have the smallest concentration of residential construction loans, and the small portion of their total assets focused on those loans has remained mostly unchanged for several years.

Meanwhile, the portion of residential construction loans has steadily grown for the smaller banks each year since 2012, especially for those with $100 million to $1 billion of assets.
“It suggests smaller banks are where the relationship banking aspect of home building is taking place,” Neal said in an article by National Mortgage News.

In all, banks held nearly $70 billion in one- to four-family construction loans at the end of 2016 – a big drop from the 2007 total of $202.9 billion, but still a promising sign of recovery when compared to just $42.3 billion in 2012.

Upcoming Events
Membership Meeting
7/11/2017
Cotton Blues, Hattiesburg, MS

 

The July membership meeting is coming up soon. No tickets required....just membership. You can bring a guest and we will bill your company. Bring cash because we'll be raising money for our new scholarship program!! Many thanks to First Bank of Mississippi for sponsoring this evening social event.
Board Meeting
7/27/2017
Builders FirstSource, Hattiesburg, MS 39402

 

The monthly board meeting is where our board members manage the business affairs of the organization. Members are welcome to attend
Annual Fishing Tournament
10/6/2017
Mississippi Gulf Coast

 

Join us again this year for our Specs and Trout Tournament. Registration will begin at 4 p.m. on Friday, October 6. The Captain's Party will be held Friday, October 6 beginning at 6:00 p.m. The location TBA. Weigh-in will take place on the Saturday afternoon, October 7.
About GHHBA

GHHBA, a chapter of the National Association of Home Builders, serves licensed builders, associates of the construction industry, and consumers in Marion, Lamar, Forrest, Covington and Perry counties. Our association focuses on formal builder education (MSBOC licensure and CPB certification), informing builders of market news,and giving builders the tools to respond to prospective legislation through our state counterpart, HBAM.

Membership in GHHBA keeps builders accountable to consumers. GHHBA is the name consumers trust when they look for a contractor.