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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
Carnival Fantasy Cruise
9/30/2017
Mobile, Alabama

 

One lucky Hattiesburg Home Builder member will receive one cabin for two adults on a five day Western Caribbean Cruise to Costa Maya & Cozumel. This prize will be awarded to the member who recruits the most new members before September 30. Eligible top recruiters MUST recruit at least five (5) new members before the deadline.
Membership Cruise
9/30/2017
Mobile, Alabama

 

This contest ends on September 30th. GHHBA’s top membership recruiter will receive one (1) cabin for two (2) adults and two (2) CHEERS! Drink packages for the five-day cruise from Mobile, Ala. to Cozumel and Costa Maya. This prize has an estimated value of over $1500! Eligible top recruiters MUST recruit at least five (5) new members before the September 30th deadline. The Carnival Fantasy Cruise dates are November 13 - 17, 2017.
Annual Fishing Tournament
10/13/2017
Mississippi Gulf Coast

 

Join us again this year for our Specs and Trout Tournament. Registration will begin at 4 p.m. on Friday, October 13. The Captain's Party will be held Friday, October 13 beginning at 6:00 p.m. We will be at Shaggy's Pass Harbor in Pass Christian again this year. Weigh-in will take place on the Saturday afternoon, October 14.
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.